A Generous Gift to Fight Cancer

The Knight family has made a huge donation to fight cancer. They gave $2 billion to the Oregon Health & Science University's Knight Cancer Institute.

A Record-Breaking Gift

• This is a lot of money.
• It is more than double the second-biggest donation this year.
• Warren Buffett gave $746.7 million to his foundation, which is significantly less.

The Biggest Donation Ever to a University

• This $2 billion gift is the biggest ever given to a university.
• It is even more than the $1.8 billion Michael Bloomberg gave to Johns Hopkins in 2018.

Previous Generous Donations

The Knights have given many big gifts before:

• $500 million to OHSU
• $500 million to the University of Oregon
• $400 million to Stanford University

Phil and Penny Knight

• Phil Knight started Nike.
• He went to the University of Oregon and Stanford.
• He and his wife Penny Knight made these big donations together.

The Knight Foundation

• In 1997, Phil Knight started the Knight Foundation.
• This foundation gives money to different causes.
• Last year, it gave $226 million.
• Some of this money went to smaller charities in Oregon.

Financial Strength

• The Knight Foundation has $5.4 billion in assets.
• This is a lot of money.

Upcoming Philanthropy Ranking

• The Chronicle of Philanthropy will release its annual ranking of philanthropists in March.
• This ranking will show who gave the most money this year.