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.
Phil and Penny Knight Announce $400 Million Gift to Nonprofit to Invest in Albina Neighborhood wweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wweek.com Daily Mail and Mail on Sunday newspapers.