Knight family gives $1.1 billion to Providence St. Vincent

Key Points:

• Phil and Penny Knight have donated $1.1 billion to Providence Health & Services to build Oregon’s first hospital dedicated to women’s health, including maternity, gynecology, menopause care, and an expanded neonatal intensive care unit at Providence St. Vincent Medical Center.
• The gift will also fund expanded cardiac imaging, clinical trials at Providence Heart Institute, and recruitment of physicians for research and heart-care programs, marking the Knights’ largest donation to Providence to date.
• Providence St. Vincent plans to build a new tower with 80 to 100 beds, replacing aging NICU facilities with private rooms and updated technology, although construction timelines have not been announced.
• This donation follows earlier major gifts from the Knights, including $75 million for cardiac care at Providence St. Vincent and a $2 billion pledge to Oregon Health & Science University’s Knight Cancer Institute, totaling over $3 billion in healthcare investments in Oregon within a year.
• The Knights are among the nation’s top philanthropists with an estimated $4.5 billion given to charity and have significantly supported Oregon’s healthcare, education, and economic development sectors through multiple large-scale donations.