Nike co-founder Phil Knight to donate $1.1 billion to Oregon medical center

Nike co-founder Phil Knight and his wife, Penny, will donate $1.1 billion to Providence St. Vincent Medical Center in Oregon and its Providence Heart Institute, according to a press release published Tuesday. The gift marks one of the largest donations to a healthcare institution in American history, according to the release, and the second significant donation from the Knight family in roughly the last year after the couple gifted $2 billion to Oregon Health & Science University's Knight Cancer Institute. The latest donation will be used to "create Oregon's first hospital dedicated to women's health" and fund cardiological care at Providence's eight hospitals across the state.