The 1803 Fund announcement at Nike campus
On Monday, April 24, 2023, Phil Knight announced he and his wife Penny Knight will give $400 million to the 1803 Fund – a new initiative revealed Monday – is meant to fund education services, art programs and other projects for Black Portlanders in the inner North and Northeast Portland neighborhoods once known as Albina.
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Nike Founder Phil Knight and 1803 Fund founder Rukaiyah Adams at an event Knight is donating $400 million to the fund on April 24, 2023 at Nike headquarters in Beaverton, Oregon. The 1803 fund is devoted to supporting Portland’s Black residents.
Jonathan Levinson / OPB