Phil Knight gives $400M to benefit Black Portlanders

Update
Written By Talie Smith

Jonathan Levinson / OPB

OPB | ALEX ZIELINSKI

Phil Knight, the billionaire co-founder of Nike, is contributing $400 million to a new investment fund to support Black residents of Portland.

The gift from Knight and his wife Penny Knight to the 1803 Fund – an initiative revealed Monday – is meant to fund education services, art programs and other projects for Black Portlanders in the inner North and Northeast Portland neighborhoods once known as Albina.

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