Phil and Penny Knight make historic gift of $1.1 billion to Providence

PRNewswire

2026/09/15Corporate Social Responsibility

Their extraordinary commitment will create Oregon's first-ever women's health hospital and launch the next generation of pioneering heart care

PORTLAND, Ore., Sept. 15, 2026 — Phil and Penny Knight have committed $1.1 billion to Providence St. Vincent Medical Center and to Providence Heart Institute, one of the largest gifts to a healthcare institution in American history. The Knights' philanthropy will create Oregon's first hospital dedicated to women's health, drive forward the next generation of pioneering cardiovascular treatments at Providence Heart Institute and advance innovative solutions in prevention, diagnostic and patient-support programs.

Phil and Penny Knight

Phil and Penny Knight Pavilion on the Providence St. Vincent campus

Artist rendering of Oregon's first hospital for women

Summary

Their extraordinary commitment will create Oregon's first-ever women's health hospital and launch the next generation of pioneering heart care PORTLAND, Ore., Sept. 15, 2026 /PRNewswire/ -- Phil and Penny Knight have committed $1.1 billion to Providence St. Vincent Medical Center and to...