Nike co-founder Phil Knight to donate $1.1 billion to Oregon medical center
Nike co-founder Phil Knight and his wife, Penny, are donating $1.1 billion to Providence St. Vincent Medical Center in Oregon. The massive financial gift will fund the creation of the state's first hospital dedicated entirely to women's health. Additionally, the funding will support cardiac care initiatives across the Providence Heart Institute and eight Providence hospitals throughout Oregon. Multiple reports confirm the contribution marks one of the largest philanthropic investments in regional healthcare infrastructure.
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- ✓ Nike co-founder Phil Knight and his wife, Penny, are donating $1.1 billion to Providence St. Vincent Medical Center.
- ✓ The gift will fund Oregon's first hospital dedicated to women's health.
- ✓ The donation will also advance cardiovascular care across Providence's eight hospitals in the state and the Providence Heart Institute.
What changed
Phil and Penny Knight announced a $1.1 billion donation directed toward Providence St. Vincent Medical Center and the Providence Heart Institute.
Live updates
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Nike Co-Founder Phil Knight Donates $1.1B to Oregon Medical Center
Nike co-founder Phil Knight and his wife, Penny, are donating $1.1 billion to Providence St. Vincent Medical Center in Oregon. The massive financial gift will fund the creation of the state's first hospital dedicated entirely to women's health. Additionally, the funding will support cardiac care initiatives across the Providence Heart Institute and eight Providence hospitals throughout Oregon. Multiple reports confirm the contribution marks one of the largest philanthropic investments in regional healthcare infrastructure.
Why it matters
The donation targets major infrastructure gaps in specialized women's health services and regional cardiac care. Providence operates an extensive network across Oregon, making the eight-hospital cardiac initiative a state-wide expansion of services. Philanthropy of this scale directly alters the financial capacity of regional medical centers to build dedicated standalone facilities.
What is confirmed
- Nike co-founder Phil Knight and his wife, Penny, are donating $1.1 billion to Providence St. Vincent Medical Center.
- The gift will fund Oregon's first hospital dedicated to women's health.
- The donation will also advance cardiovascular care across Providence's eight hospitals in the state and the Providence Heart Institute.
What to watch next
- Construction timelines and architectural plans for the new women's health hospital
- Specific allocation milestones for the cardiovascular care enhancements across Providence's eight Oregon hospitals
confidence 100%Sources used for this update (7)
- 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
- The Business Journals — Phil and Penny Knight donate $1.1B to Portland hospital
- Fierce Healthcare — Providence receives $1.1B gift toward cardiac care, Oregon's first women's hospital
- www.cnbc.com — Nike co-founder Phil Knight to donate $1.1 billion to Oregon medical center
- ceoworld.biz — Billionaire Phil Knight Donates $1.1 Billion to Oregon Women’s Health and Cardiac Car
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