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$1.1 billion from Nike co-founder will build Oregon's first women's hospital. Phil and Penny Knight have committed $1.1 billion to build Oregon's first hospital dedicated to women's health at Providence St. Vincent Medical Center. * By MARIA DI MENTO of The Chronicle of Philanthropy - Chronicle of Philanthropy * 3 hrs ago Oregon billionaires Phil and Penny Knight committed $1.1 billion to the Providence St. Vincent Medical Center and the Providence Heart Institute to build Oregon's first hospital dedicated to women's health, the medical center announced Tuesday. Phil Knight, co-founder of Nike, and his wife, have supported the institute for more than a decade, previously giving it more than $200 million, including a $75 million gift earlier this year. Along with creating the new women's hospital, their new donation will help the medical center expand cardiovascular care and clinical research and training programs for the heart institute's medical personnel. It will also make it easier to integrate patient care across the medical center. "Women's health needs change throughout life, and too often patients are asked to navigate multiple specialties and care settings on their own," Ray Moreno, the medical center's CEO, said in a statement. "The Knights' gift is an opportunity to bring these resources together, expanding access for women across Oregon and creating a strong foundation to bridge care gaps in women's health." Philanthropy to fill the gaps. The donation is particularly significant because it comes at a moment when U.S. hospitals are seeing far more pregnant patients who are also managing chronic health conditions like diabetes, hypertension, addiction, and behavioral and mental health issues. It also lands at the same time healthcare organizations are struggling with the impact of government funding cuts. "Resources are scarce, and healthcare is increasingly looking to philanthropy to fill in the gaps," Dan Oseran, the heart institute's executive medical director, told the Chronicle. "A gift like this reduces that friction a little bit and provides the ability to do things we wouldn't otherwise be able to do." Medicine and medical research have been among the top causes capable of attracting mega-philanthropy ever since the birth of modern philanthropy in the late 19th century, said Benjamin Soskis, a historian whose work focuses on philanthropy and the nonprofit sector. "They are some of the few institutions that can reliably absorb big-dollar donations," Soskis said. "At a moment when there is more and more talk about the wealthy warehousing fortunes, the Knights have updated a standby of the traditional philanthropic playbook to provide a model of getting a lot of money out the door now." Billions in giving based on relationships. Counting pledges and direct gifts, the Knights' latest commitment pushes their total charitable giving to more than $9 billion over the past two decades, with about $2.5 billion of that going to their family foundation and donor-advised funds. They have appeared on the Chronicle's annual Philanthropy 50 list of the biggest donors 12 times since 2006. The Knights' charitable giving is often the result of long-term relationships they have built with nonprofit leaders they have come to trust over time. "These are very personal decisions based on their trust and belief in the institutions and the people that they work with," said Oseran of Providence Heart Institute. "Each step along the way, when you can point to those achievements and successes, it engenders greater confidence that they have in your being good stewards of their philanthropy. That's the dynamic of how we got to this ($1.1 billion) gift." The couple, whose net worth stands at about $25 billion, according to Forbes, have given huge sums to a range of Oregon nonprofits. They have given more than $2.7 billion to Oregon Health & Science University over the years, including a $2 billion donation for its Knight Cancer Institute last year. They launched the institute with a $100 million gift in 2008. They have donated more than $2 billion to the University of Oregon, Phil Knight's alma mater, to support scientific and related programs, including $500 million in 2016 to launch the Phil and Penny Knight Campus for Accelerating Scientific Impact. They gave another $500 million in 2021 to expand research programs, build new facilities, and support students and faculty at the Knight Campus. The couple also gave $400 million in 2023 to the 1803 Fund, a Portland, Oregon, nonprofit, for its Rebuild Albina project, an effort to revive the economic and cultural prosperity of a once-thriving Black neighborhood that fell into neglect in the 1970s. The Knights have given at least $580 million to Stanford University, where Phil Knight earned an MBA. That includes $400 million in 2016 to establish Knight-Hennessy Scholars, a graduate program, and $105 million to Stanford's business school to create the Knight Management Center. They also gave Stanford $75 million in 2022 to launch the Phil and Penny Knight Initiative for Brain Resilience, an effort to learn what causes cognitive decline and diseases such as Alzheimer's and Parkinson's and how to delay and treat degenerative brain conditions. Educating donors can lead to surprising support. The Knights have also supported college athletics, environmental programs, and sports and recreation activities for youth, among other causes. Gifts like the Knights' latest one prove that spending time with donors and educating them about an organization's work is extremely important and can lead to surprising windfalls, said Erin Hall, a development consultant and former nonprofit CEO. "I don't think we can ever do enough of that because that is how donors find out everything about your organization and that is how donors feel good about where their investment is going," Hall said. "What a great way to leave a legacy and to be able to watch your investment come to life. That's a pretty cool thing for a donor, and that's going to also keep the donor engaged for the next need that that organization has." Maria Di Mento is a senior editor at the Chronicle of Philanthropy, where you can read the full article. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment. The Chronicle is solely responsible for the content. For all of AP's philanthropy coverage, visit https://apnews.com/hub/philanthropy.

Phil and Penny Knight make historic gift of $1.1 billion to Providence. Sep 15, 2026, 11:00 ET 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 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. "Penny and I have always believed that real breakthroughs come from people willing to take on the toughest challenges," said Phil Knight. "Providence has shown that kind of ambition in cardiovascular care, and we see the same opportunity to do something truly distinctive for women's health. We're proud to invest in teams that will change what's possible for communities across Oregon and beyond." The gift builds on Phil and Penny Knight's longstanding partnership with Providence Heart Institute and Dan Oseran, M.D., its executive medical director. "Phil and Penny have been phenomenal partners and collaborators with the heart institute, and now their extraordinary generosity will expand infrastructure and technologies, as well as foster the recruitment of skilled specialists who will deliver exceptional and personalized care," said Dr. Oseran. "Today's gift marks a significant and transformational milestone for Providence and healthcare in the greater Northwest," said Erik Wexler, president and CEO of Providence. "It enables us to create new possibilities in women's health, in cardiovascular care as well as enhance access and support for patients, as we work to be the best place to give and receive care. I join everyone at Providence in extreme gratitude to Phil and Penny Knight for demonstrating their confidence in our caregivers, our leaders and our Mission." Oregon's first hospital for women Located at Providence St. Vincent Medical Center, this new women's hospital will be deeply integrated into services across the campus, giving patients access to more coordinated care, including gynecology, pregnancy, labor and delivery, menopause and cardiovascular care, along with other specialties. The women's hospital will also feature a modernized neonatal intensive care unit and optimized spaces for patients to heal and for loved ones to visit. Today, hospitals are seeing an increasing number of pregnant patients who are also managing chronic health conditions such as hypertension, diabetes, behavioral health and substance-use disorders. These conditions can make pregnancy and delivery more complex and increase the need for specialists to work together. "Providence St. Vincent has long been a trusted destination for maternity care, delivering more babies than any other hospital in the state," said Ray Moreno, M.D., chief executive for Providence St. Vincent. "We're also known for our cardiology program and other specialized services for women. Women's health needs change throughout life, and too often patients are asked to navigate multiple specialties and care settings on their own. The Knights' gift is an opportunity to bring these resources together, expanding access for women across Oregon and creating a strong foundation to bridge care gaps in women's health." Once completed, the women's hospital will support the creation of hundreds of new clinical and non-clinical positions while contributing to broader economic activity across the Portland metro area. Advancing the next generation of cardiovascular care Cardiovascular disease remains the leading cause of death and hospitalization in the United States for both men and women, and as the population ages, the demand for complex cardiac treatments accelerates. Providence Heart Institute sees close to 63,000 patients annually from across the Pacific Northwest, an increase in 23,000 patients from ten years ago. The Knights have played a significant role in the expansion of programs at Providence Heart Institute, as well as its national reputation for excellence. Over the past decade, they have contributed $200 million to Providence Heart Institute, helping expand complex cardiovascular care, including heart transplantation, research, innovation and the recruitment of top talent. The Knights' newest gift ensures that Providence Heart Institute will stay at the forefront of emerging technologies in cardiovascular care, through advancements in cardiac imaging, an expanded portfolio of clinical trials - and importantly, the recruitment of visionary physician leaders. "Phil and Penny Knight's support has expanded facilities, technologies and heart-failure programs, which provides patients with world-class care right here in Portland," said Dr. Oseran. "Today signifies the start of the most exciting chapter yet in the heart institute's storied history - one that will spur new ideas and solutions in heart care, lead to the recruitment of physician-leaders who will accelerate our forward momentum, and ensure our facilities match the excellence of our providers." Providence Heart Institute leads Oregon in cardiac surgical volume, and offers patients access to clinical trials and emerging therapies. The institute has garnered national recognition for its work in cardiogenic shock, mechanical circulatory support and cardiovascular data analytics. Improving patient care As Oregon's first hospital, Providence St. Vincent has long been known for personalized care that supports patients throughout their health journey. Now, even more patients will benefit. The Knights' gift will help Providence enhance services and technology to help patients navigate the complex care environment. "When the Sisters of Providence arrived 170 years ago, they partnered in the community to address pressing needs," said Jennifer Burrows, chief executive, Providence Oregon. "Through the years, Providence has continued that tradition, with generous philanthropic gifts building and sustaining programs that serve Oregonians today. The Knights' extraordinary gift is a generational investment, leading to bold and innovative ideas that will shape healthcare in Oregon for decades to come." "All of us at Providence are deeply grateful for Phil and Penny's commitment to better health and wellness, and energized by what lies ahead," said Dr. Oseran. Providence St. Vincent Medical Center is a 539-bed, not-for-profit hospital in Portland, Oregon, founded in 1875 by the Sisters of Providence. Providence St. Vincent Medical Center is the home of Providence Heart Institute, Providence Neurosciences Institute, as well as nationally recognized women's and children's services and cancer care. In addition to being Oregon's first permanent hospital, Providence St. Vincent has been Magnet-designated six times, recognized for nursing excellence, placing it among a small group of hospitals worldwide to achieve this honor. Each weekday, Providence St. Vincent Medical Center serves some 1,500 people across its campus. SOURCE Providence

Providence Alaska names new chief administrative officer for Providence Alaska Medical Center. Providence St. Elias Specialty Hospital's Jessica Oswald to lead state's largest hospital. ANCHORAGE, Alaska - Providence Alaska has named Jessica Oswald chief administrative officer of Providence Alaska Medical Center, effective Oct. 5, 2026. In this role, Oswald will provide executive leadership and operational oversight for the hospital's clinical and support service lines, working closely with the chief medical officer and chief nursing officer to advance strategic priorities, achieve organizational goals, and enhance the delivery of patient care. Oswald brings more than 15 years of leadership experience with Providence, having held key roles in acute care operations, shared services and enterprise transformation. Currently, she is CAO of Providence St. Elias Specialty Hospital, where she has advanced clinical quality, operational performance, growth and caregiver engagement. "Jessica is an accomplished transformational leader who has fostered a strong caregiver culture at Providence St. Elias, contributing to nationally recognized clinical outcomes," said Deborah Berini, chief executive of Providence Alaska. "Her focus on people, teamwork and operational excellence will advance our Mission and further strengthen PAMC as an exceptional place to give and receive care." Under Oswald's leadership, St. Elias was ranked among the nation's top 50 rehabilitation hospitals by U.S. News & World Report, out of more than 1,100 hospitals evaluated. The hospital also earned Commission on Accreditation of Rehabilitation Facilities (CARF) International accreditation for its Stroke Specialty Program and Brain Injury Specialty Program, recognizing excellence in specialized rehabilitation care. Before joining Providence, Oswald worked in engineering at GE Aviation. She holds a bachelor's degree in mechanical engineering from Norwich University and a master's degree in engineering and management from the Massachusetts Institute of Technology. She is a Fellow of the American College of Healthcare Executives, holds an Alaska nursing home administrator license and serves on the executive committee of the Alaska Hospital & Healthcare Association board. "Providence has a history of delivering exceptional care and improving the health of the communities we serve," said Oswald. "I am grateful for the opportunity to work alongside our talented caregivers, physicians and leaders as we continue building on our strong foundation of clinical excellence, innovation and compassion to meet the evolving healthcare needs of Alaskans." Outside of work, Oswald enjoys time with family and friends, hiking, skiing, and exploring Alaska's outdoors. She and her husband, Carl, are proud parents of three children and share their home with their two dogs, Akwe and Gracie. About Providence Alaska Medical Center Providence Alaska Medical Center, a nationally recognized trauma center and Alaska's only Magnet hospital, is part of Providence, a not-for-profit network of hospitals, care centers, health plans, physicians, clinics, home health services, affiliated services and educational facilities. As Alaska's largest hospital, Providence Alaska Medical Center provides a wide range of specialized services and serves as a referral center for patients from communities across the state. For more information, visit providence.org/locations/ak/alaska-medical-center.