Latest news with #KnightCancerInstitute
Vancouver Sun
a day ago
- Business
- Vancouver Sun
Nike co-founder Phil Knight and wife pledge record US$2B to Oregon cancer centre
PORTLAND, Ore. — Nike co-founder Phil Knight and his wife, Penny Knight, have pledged to donate US$2 billion to Oregon Health & Science University's Knight Cancer Institute, the school announced Thursday, describing it as the largest single gift to a U.S. university. 'This gift is an unprecedented investment in the millions of lives burdened with cancer, especially patients and families here in Oregon,' OHSU President Shereef Elnahal said in a statement. The donation will help ensure patients have access to various resources, including psychological, genetic and financial counselling, symptom management, nutritional support and survivorship care, the university statement said. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. 'We couldn't be more excited about the transformational potential of this work for humanity,' the Knights said in the statement. The university described it as the 'largest single donation ever made to a U.S. university, college or academic health center.' It surpasses the US$1.8 billion given by Michael Bloomberg to Johns Hopkins in 2018, described by that university at the time as the largest single contribution to a U.S. university. Bloomberg also donated an additional US$1 billion to Johns Hopkins last year, covering tuition, living expenses and fees for students from families under certain income levels. The magnitude of the donation will allow the Knight Cancer Institute to become a self-governed entity with its own board of directors within OHSU, the university said. Knight is Oregon's richest man. In 2013, he and his wife pledged US$500 million to the cancer institute if the university matched it within two years. The match was met following US$200 million in bonds from the Oregon Legislature, US$100 million from then-chair of Columbia Sportswear Gert Boyle, and donations from some 10,000 people, the university said. Universities across the country are struggling with moves from U.S. President Donald Trump's administration to cancel or freeze research grants at universities. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our newsletters here .
Ottawa Citizen
a day ago
- Business
- Ottawa Citizen
Nike co-founder Phil Knight and wife pledge record US$2B to Oregon cancer centre
PORTLAND, Ore. — Nike co-founder Phil Knight and his wife, Penny Knight, have pledged to donate US$2 billion to Oregon Health & Science University's Knight Cancer Institute, the school announced Thursday, describing it as the largest single gift to a U.S. university. Article content 'This gift is an unprecedented investment in the millions of lives burdened with cancer, especially patients and families here in Oregon,' OHSU President Shereef Elnahal said in a statement. Article content Article content Article content The donation will help ensure patients have access to various resources, including psychological, genetic and financial counselling, symptom management, nutritional support and survivorship care, the university statement said. Article content Article content 'We couldn't be more excited about the transformational potential of this work for humanity,' the Knights said in the statement. Article content The university described it as the 'largest single donation ever made to a U.S. university, college or academic health center.' It surpasses the US$1.8 billion given by Michael Bloomberg to Johns Hopkins in 2018, described by that university at the time as the largest single contribution to a U.S. university. Article content Bloomberg also donated an additional US$1 billion to Johns Hopkins last year, covering tuition, living expenses and fees for students from families under certain income levels. Article content Article content The magnitude of the donation will allow the Knight Cancer Institute to become a self-governed entity with its own board of directors within OHSU, the university said. Article content Article content Knight is Oregon's richest man. In 2013, he and his wife pledged US$500 million to the cancer institute if the university matched it within two years. The match was met following US$200 million in bonds from the Oregon Legislature, US$100 million from then-chair of Columbia Sportswear Gert Boyle, and donations from some 10,000 people, the university said. Article content Universities across the country are struggling with moves from U.S. President Donald Trump's administration to cancel or freeze research grants at universities. Article content
Edmonton Journal
a day ago
- Business
- Edmonton Journal
Nike co-founder Phil Knight and wife pledge record US$2B to Oregon cancer centre
PORTLAND, Ore. — Nike co-founder Phil Knight and his wife, Penny Knight, have pledged to donate US$2 billion to Oregon Health & Science University's Knight Cancer Institute, the school announced Thursday, describing it as the largest single gift to a U.S. university. Article content 'This gift is an unprecedented investment in the millions of lives burdened with cancer, especially patients and families here in Oregon,' OHSU President Shereef Elnahal said in a statement. Article content Article content Article content The donation will help ensure patients have access to various resources, including psychological, genetic and financial counselling, symptom management, nutritional support and survivorship care, the university statement said. Article content Article content The university described it as the 'largest single donation ever made to a U.S. university, college or academic health center.' It surpasses the US$1.8 billion given by Michael Bloomberg to Johns Hopkins in 2018, described by that university at the time as the largest single contribution to a U.S. university. Article content Bloomberg also donated an additional US$1 billion to Johns Hopkins last year, covering tuition, living expenses and fees for students from families under certain income levels. Article content Article content The magnitude of the donation will allow the Knight Cancer Institute to become a self-governed entity with its own board of directors within OHSU, the university said. Article content Article content Knight is Oregon's richest man. In 2013, he and his wife pledged US$500 million to the cancer institute if the university matched it within two years. The match was met following US$200 million in bonds from the Oregon Legislature, US$100 million from then-chair of Columbia Sportswear Gert Boyle, and donations from some 10,000 people, the university said. Article content Universities across the country are struggling with moves from U.S. President Donald Trump's administration to cancel or freeze research grants at universities. Article content
Yahoo
2 days ago
- Business
- Yahoo
Nike Founder Phil Knight Announces Historic $2 Billion Donation
Nike Founder Phil Knight Announces Historic $2 Billion Donation originally appeared on The Spun. Phil Knight, the co-founder and chairman of Nike, made a record-breaking donation this week that should make plenty of people smile. Knight and his wife, Penny, gifted $2 billion to the Oregon Health & Science University's Knight Cancer Institute. According to Thursday's press release, the plan is to invest in "cancer research, diagnosis, treatment, care, and some day, eradication." The Knight family's $2 billion investment will go down as the largest donation a U.S. educational institution has ever received. "This gift is an unprecedented investment in the millions of lives burdened with cancer, especially patients and families here in Oregon," OHSU President Shereef Elnahal said. "It is also a signal of trust in the superlative work that our clinicians, researchers and teammates at the Knight Cancer Institute do every day. Dr. Druker's vision around a multidisciplinary system of care — focused squarely on making the patient's experience seamless from the moment they receive a diagnosis — will now become reality. And thanks to the extraordinary generosity of Mr. and Mrs. Knight, Oregon will be the place to do it." Phil and Penny have worked with Brian Druker and the Knight Cancer Institute's team in the past, so they clearly felt confident giving them $2 billion. "Penny and Phil Knight have always challenged us to do what no one else is doing," Dr. Druker said. "It can seem impossible to navigate the health care system after being diagnosed with cancer. We're going to change that. We have revolutionized the way we detect and treat cancer. Now we are going to transform the way we care for patients while continuing to develop innovative treatments." Hopefully, this groundbreaking donation from the Knight family will be a game-changer for cancer research around the world. Nike Founder Phil Knight Announces Historic $2 Billion Donation first appeared on The Spun on Aug 14, 2025 This story was originally reported by The Spun on Aug 14, 2025, where it first appeared. Solve the daily Crossword
Economic Times
2 days ago
- Business
- Economic Times
Nike's Phil Knight shocks nation with $2 billion donation to Oregon Cancer Center — largest ever
$2 billion cancer donation Live Events Knight Cancer Institute expansion FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel American Universities right now aren't on any billionaire's list for a no-strings-attached charity donation. But Nike founder Phil Knight has one upped himself as he and his wife–the largest single donation to any American university, EVER!The gift will roughly double the size of the cancer center, helping it treat more patients and do more research. Dr. Brian Druker, a cancer research expert who developed the life-saving drug Gleevec, will lead the effort as president of the institute. Druker had been the CEO of the Knight Cancer Institute until December and will return to oversee this expansion, reported by the Wall Street Knights said in a news release, 'We couldn't be more excited about the transformational potential of this work for humanity.' This $2 billion gift surpasses Michael Bloomberg's $1.8 billion donation to Johns Hopkins in 2018, making it the largest by a single donor. Knight's interest in Druker's vision began in August 2022, when he called Druker during his anniversary trip in May 2025, Knight confirmed the $2 billion donation to Druker over a call at Druker's Portland home. Druker said, 'What do you say when somebody says they want to give you $2 billion?' Phil Knight and Druker were first introduced almost 20 years ago by lawyer Brian Booth, as stated in the first collaboration brought $100 million to the cancer institute in 2008, which was renamed the Knight Cancer Institute. A later proposal led to a $500 million gift, matched by others to make $1 billion for the institute in 2015. The Knights' total donations to Oregon universities, including OHSU and University of Oregon, likely exceed $4 billion, as per the Wall Street Journal new gift will improve the patient experience, offering a one-stop place for treatment, testing, and support. Part of the $2 billion will fund clinical trials and basic cancer research. Druker shared a personal story: decades ago, terminally ill patients enrolled in Gleevec trials survived and thrived. He wants the same for all cancer patients, with care and the Trump administration, federal science grants were cut, causing delays for universities like OHSU, making private donations more important. The Knight Cancer Institute will now operate more independently under a new entity called Knight Cancer Group, with Druker as had resigned as CEO in December due to organizational concerns but returned because of the Knights' donation opportunity. Phil Knight, now 87, grew up in Portland, ran track at University of Oregon, and co-founded Nike with Bill Bowerman in the 1960s, as mentioned in the report by Wall Street turned Nike into the world's leading sportswear company, and remains its largest shareholder and chairman emeritus. His estimated net worth is $35 billion, and he has given large amounts to the University of Oregon, including athletic facilities and scientific donations to academics far exceed those to athletics. They include endowed professorships, the Knight Law Center, and $1 billion for the Phil and Penny Knight Campus for Accelerating Scientific Impact. Knight has also given millions to Stanford University, where he studied and wrote the business plan for Nike, as reported by Wall Street Knight and his wife Penny donated $2 billion, the largest known single gift to a U.S. money will expand the cancer center, support research, fund clinical trials, and improve patient care.
