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Nike co-founder Phil Knight and his wife Penny have pledged $1.1 billion to Providence St. Vincent Medical Center in Oregon. The funds will establish Oregon's first women's hospital and expand cardiovascular services at the Providence Heart Institute, which serves nearly 63,000 patients annually.
Nike co-founder Phil Knight and his wife Penny have made a landmark $1.1 billion philanthropic commitment to Providence St. Vincent Medical Center in Oregon — one of the largest healthcare gifts in the state's history. The couple, who previously donated $200 million to the Providence Heart Institute over the past decade, are doubling down on their belief in the system's potential to drive real breakthroughs in both cardiovascular and women's health.
The gift will fund two major initiatives: the expansion of the Providence Heart Institute and the creation of Oregon's first dedicated women's hospital, both housed at the 539-bed Providence St. Vincent campus. The women's hospital will add a new neonatal ICU, expanded recovery spaces, and hundreds of new clinical and non-clinical jobs, while the Heart Institute will use the funds to advance next-generation cardiac treatments, imaging, and physician recruitment.
By the Numbers:
Why it matters: This gift signals a growing wave of mega-philanthropy reshaping U.S. healthcare infrastructure — particularly in women's health, an area long underfunded relative to its clinical need. For Oregon, it means expanded access to specialized care without patients having to leave the state.
