The investment pairs two powerhouses in Knight, the billionaire Nike co-founder, and Rukaiyah Adams, the Portland financial expert and community leader.
The gift from Knight and his wife Penny Knight to the 1803 Fund – a new 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.
The Albina Vision Trust and Portland Bureau of Transportation are set to receive $800,000 through a new U.S. Department of Transportation program, the Biden-Harris Administration announced in February.
A newly passed Congressional spending bill contains 145 community-initiated projects in Oregon. One Eugene agency describes plans to use its allocation.