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An ambitious effort to reinvigorate Portland’s Albina District will get a major cash infusion with a $400 million donation to the newly established 1803 Fund from Penny and Phil Knight. Phil Knight, the Nike co-founder and philanthropist, joined Rukaiyah Adams, leader of the 1803 Fund, and its board of directors Monday afternoon at the Nike campus in Beaverton to share the news of Rebuild Albina, a multi-faceted effort that will be overseen by the 1803...

Rebuild Albina aims to create greater economic opportunities for Portland's Black community.

Nike co-founder Phil Knight and his wife Penny have made a huge $400 million investment in Portland as the Oregon city battles retail crime.

Demonstrating a groundbreaking commitment to Portland’s Black community, Phil and Penny Knight today pledged an historic $400 million investment to the Rebuild Albina project of the newly-established 1803 Fund.

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