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Phil and Penny Knight Invested $400 Million to Boost Portland's Black Community

Phil and Penny Knight Invested $400 Million to Boost Portland’s Black Community

Tony Hopson Hopes Historic $400M Investment Will "Make the Difference" for Black Portland – Oregon Business

<strong>Phil and Penny Knight’s investment in the newly established 1803 Fund is earmarked for the fund's Rebuild Albina project.</strong>

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Phil Knight gives $400M to benefit Black Portlanders

The gift from Knight and his wife Penny Knight to the 1803 Fund – an 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.