Knight family gives $1.1 billion to Providence St. Vincent
Nike co-founder Phil Knight and his wife, Penny, have committed $1.1 billion to Providence St. Vincent Medical Center and the Providence Heart Institute. The funding will establish Oregon's first hospital dedicated to women's health and expand cardiovascular care, research, and technology across eight Providence hospitals in the state. This commitment represents one of the largest gifts to a healthcare institution in U.S. history.
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- ✓ Phil and Penny Knight committed $1.1 billion to Providence St. Vincent Medical Center and the Providence Heart Institute.
- ✓ The donation will fund the construction of Oregon's first hospital dedicated to women's health.
- ✓ The funds will support the expansion of cardiovascular care across eight Providence hospitals in Oregon.
- ✓ Phil and Penny Knight have donated more than $9 billion over the past two decades.
What changed
Phil and Penny Knight pledged $1.1 billion to build a women's hospital and expand cardiac care in Oregon.
Live updates
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Phil and Penny Knight pledge $1.1 billion to Providence for Oregon healthcare
Nike co-founder Phil Knight and his wife, Penny, have committed $1.1 billion to Providence St. Vincent Medical Center and the Providence Heart Institute. The funding will establish Oregon's first hospital dedicated to women's health and expand cardiovascular care, research, and technology across eight Providence hospitals in the state. This commitment represents one of the largest gifts to a healthcare institution in U.S. history.
Why it matters
Phil and Penny Knight have a long history of philanthropy, donating over $9 billion in the last 20 years. Their current net worth is estimated at $25 billion.
What is confirmed
- Phil and Penny Knight committed $1.1 billion to Providence St. Vincent Medical Center and the Providence Heart Institute.
- The donation will fund the construction of Oregon's first hospital dedicated to women's health.
- The funds will support the expansion of cardiovascular care across eight Providence hospitals in Oregon.
- Phil and Penny Knight have donated more than $9 billion over the past two decades.
Still unconfirmed
- The couple's net worth is $25 billion.
What to watch next
- Construction start date for the women's health hospital
- Detailed allocation of funds for the Providence Heart Institute expansion
confidence 100%Sources used for this update (15)
- cnbc.com — Nike co-founder Phil Knight to donate $1.1 billion to Oregon medical center
- OregonLive.com — Knight family gives $1.1 billion to Providence St. Vincent
- GeekWire — Providence to receive $1.1B from Nike co-founder to build women's health hospital in Oregon
- Oregon Public Broadcasting - OPB — Providence announces $1.1 billion pledge from Phil and Penny Knight
- PR Newswire — Phil and Penny Knight make historic gift of $1.1 billion to Providence
- kgw.com — Phil and Penny Knight make historic $1.1B gift to Providence
- Newsday — $1.1 billion from Nike co-founder will build Oregon's first women's hospital
- KPTV — Phil and Penny Knight pledge $1.1B to Providence
- KATU — Phil and Penny Knight give $1.1B to Providence St. Vincent, backing women's hospital
- ceoworld.biz — Billionaire Phil Knight Donates $1.1 Billion to Oregon Women’s Health and Cardiac Car
- pulse2.com — Phil And Penny Knight Commit $1.1 Billion To Providence For Oregon’s First Women’s Hospital And Heart Care Expansion
- www.grantspasstribune.com — $1.1 Billion Knight Investment Brings Oregon Its First Hospital Dedicated to Women’s Health
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