Oregon's Big Philanthropic Boost: The Knight Foundation's Generous Hand

The Knight Foundation, led by Phil and Penny Knight, has made a significant impact in Oregon through its philanthropic efforts. In 2024, the foundation donated a record-breaking $226 million, primarily benefiting various causes within the state. This generous giving is part of a trend, as the foundation has been donating at least $150 million annually for the past four years. The University of Oregon received a substantial portion of the donations, with $182 million allocated to its new science campus. This contribution is part of a larger $1 billion pledge made by the Knights. The campus, named after the Knights, is a testament to their commitment to education and research. The Knight Foundation's support extends beyond higher education. Albina Head Start, an organization providing early child care and preschool to low-income families, received $10 million. The Knights have been long-time supporters of Albina Head Start, having donated over $20 million in recent years. This funding has enabled the organization to purchase and pay off mortgages for several buildings, ensuring stability and continuity in their services. Another recipient of the Knight Foundation's generosity is Self Enhancement Inc. , a Portland-based organization that supports underserved youth and families. The foundation donated $10 million to SEI, continuing a decade-long partnership. The Knights' commitment to these causes reflects their dedication to improving the lives of those in need. In addition to education and community support, the Knight Foundation also contributed to healthcare. The Providence St. Vincent Medical Foundation received $7. 5 million for its cardiology program. This donation is part of a larger $75 million gift announced in 2019, demonstrating the Knights' ongoing support for healthcare initiatives. The Knight Foundation's philanthropic efforts are not limited to these organizations. They also donated $8. 5 million to the 1803 Fund, which aims to advance Portland's Black community. The Knights pledged $400 million to this fund in 2023, and it has since announced $70 million in real estate purchases, including the former grain silos near the Moda Center. Since its inception in 1997, the Knight Foundation has donated nearly $1. 2 billion. As a private foundation, it is required to give away 5% of its assets annually. The Knights' philanthropic efforts are not just about giving money; they are about making a lasting impact on the communities they support.