Phil and Penny Knight Pledge $400 Million to Rebuild Historic Black Neighborhood

Update
Written By Talie Smith

THE CHRONICLE OF PHILANTHROPY | MARIA DI MENTO

Phil and Penny Knight pledged $400 million to establish the 1803 Fund’s Rebuild Albina program, an effort to rebuild the economic and cultural prosperity of Albina, a historic area of Portland, Ore., that was once a thriving Black neighborhood. The effort aims to renovate the area, pay for education programs and education-related services for children and their families, and back projects aimed at deepening the area’s cultural roots.

Talie Smith
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Phil Knight ponied up $400 million to help historically Black areas of Portland. Meet the woman investing it.
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Phil Knight gives $400M to benefit Black Portlanders