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Phil Knight and Penny Knight Pledge $2 Billion to OHSU Knight Cancer Institute

WHAT'S THE STORY?

What's Happening?

Phil Knight, co-founder of Nike, and his wife, Penny Knight, have announced a $2 billion donation to the Oregon Health & Science University's Knight Cancer Institute. This contribution is the largest single donation to a university in the United States. The funds are intended to expand diagnostic capabilities, ensure access to innovative clinical trials, and simplify the patient experience at the institute. The Knights have a history of supporting the institute, having previously donated $100 million in 2008 and pledged $500 million in 2013, which was matched by the university. The donation aims to integrate scientific discoveries with unmatched cancer care, providing comprehensive support resources for patients.
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Why It's Important?

The Knights' donation is set to transform cancer care and research at OHSU, potentially setting new standards globally. This investment will enhance the institute's ability to conduct early cancer detection and precision medicine, benefiting patients not only in Oregon but across the nation. The donation signals trust in the institute's work and highlights Oregon as a hub for groundbreaking medical advancements. The Knights' philanthropic efforts could inspire similar contributions from other benefactors, further advancing cancer research and treatment.

What's Next?

The Knight Cancer Institute will become a self-governed entity within OHSU, led by the newly created Knight Cancer Group. Dr. Brian Druker will serve as the inaugural president, overseeing the integration of scientific discovery with patient care. The institute will focus on expanding diagnostics, clinical trials, and patient support services. The donation is expected to elevate OHSU's status and provide unparalleled support to cancer patients, potentially influencing cancer care practices nationwide.

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