Latest news with #PennyKnight
Vancouver Sun
3 days 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
3 days 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
3 days 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
National Post
3 days ago
- Business
- National Post
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 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 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
New York Times
3 days ago
- Business
- New York Times
Phil Knight, Ex-Nike Chief, and His Wife Pledge $2 Billion to Oregon Cancer Center
Phil Knight, a co-founder of Nike, and his wife, Penny Knight, will give $2 billion to the cancer research center at Oregon Health & Science University, a gift the institution billed as the largest single donation to a university in the United States. The university said that the donation would help it expand and accelerate diagnostic capabilities, ensure access to innovative clinical trials and simplify the experience for patients and families. Its main campus is in Portland, Ore. In 2008, the university named its cancer institute after the Knights after receiving a $100 million gift from them. And in 2013, the couple, who live in Oregon, pledged an additional $500 million to the university if it could match the sum in two years as part of a cancer challenge, which it did. 'We couldn't be more excited about the transformational potential of this work for humanity,' the couple said in a statement provided by the university. Mr. Knight, 87, who is synonymous with the Nike swoosh logo, stepped down as president and chief executive of the Oregon-based sneaker and athletic wear giant in 2004. In 2016, he retired as the company's chairman. Dr. Brian Druker, the cancer institute's chairman of leukemia research, said in a statement on Thursday that the couple's previous donations had helped establish a large-scale early cancer detection program. The cancer challenge also spurred the development of numerous blood tests to detect cancer in its early stages and empowered the center to lead the way in targeted therapies and precision medicine, he said. '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.' Worth an estimated $35.4 billion, according to Forbes, Mr. Knight is widely known for his philanthropy, especially to his alma maters. At the University of Oregon, where he ran track, he is the most famous booster, and several buildings carry his family's name. There is the Knight Library, and the university's basketball arena is named after Phil and Penny Knight's son, Matthew, who died in a scuba diving accident in 2004. In 2016, Mr. Knight pledged $400 million to Stanford University, where he graduated from business school, to recruit graduate students from around the globe to address society's most intractable problems, including poverty and climate change. Ten-figure donations to U.S. higher learning and medical research institutions are not uncharted. In 2018, Michael R. Bloomberg, the billionaire businessman and former mayor of New York City, pledged $1.8 billion to his alma mater, Johns Hopkins University, to create a fund that would help low- and moderate-income students attend without having to worry about the cost. And in 2024, the 93-year-old widow of a Wall Street financier donated $1 billion to a Bronx medical school, the Albert Einstein College of Medicine, with instructions that the gift be used to cover tuition for all students going forward.
