Phil Knight's $400M donation to benefit Portland's Black community.
TL;DR Summary
Phil Knight, co-founder of Nike, and his wife Penny Knight, are donating $400 million to the 1803 Fund, a new investment initiative aimed at supporting Portland's Black residents. The fund will finance education services, art programs, and other projects for Black Portlanders in the inner North and Northeast Portland neighborhoods, which were once known as Albina. The 1803 Fund's board of directors includes Black leaders in Portland, and it is not yet clear how the investment will be distributed or to which community organizations.
- Phil Knight gives $400M to benefit Black Portlanders Oregon Public Broadcasting
- Phil Knight Donates $400 Million to Rebuild Portland's Black Community - WSJ The Wall Street Journal
- Phil Knight makes $400M gift to historic Portland neighborhood - Portland Business Journal The Business Journals
- Phil and Penny Knight pledge $400 million for Portland’s historically Black Albina neighborhood OregonLive
- Rukaiyah Adams to Lead Fund Dedicated to Portland's Black Community Institutional Investor
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
89%
773 → 84 words
Want the full story? Read the original article
Read on Oregon Public Broadcasting