{"id":793009,"date":"2018-10-09T15:14:13","date_gmt":"2018-10-09T19:14:13","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=793009"},"modified":"2018-10-09T15:14:13","modified_gmt":"2018-10-09T19:14:13","slug":"phil-knight-donates-1-billion-in-latest-philanthropic-effort","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/phil-knight-donates-1-billion-in-latest-philanthropic-effort\/","title":{"rendered":"Phil Knight Donates $1 Billion in Latest Philanthropic Effort"},"content":{"rendered":"<p><strong>Phil Knight<\/strong>, Nike founder and emeritus chairman, last week donated almost $1 billion worth of Nike stock to a charitable organization. The entity hasn&#8217;t been immediately disclosed, yet Knight and his wife Penelope are listed as directors of the company in a regulatory\u00a0filing.<\/p>\n<p>The $1 billion charitable contribution equates to 12 million shares of Nike stock. Knight&#8217;s $32 billion fortune is hardly moved by his latest philanthropic effort. It represents roughly 3.1% of his massive net worth.<\/p>\n<p>Knight, of course, is no stranger to giving generously to charities and the like. In 2014, the Oregon alum and his wife donated $1 billion to his alma mater. They have also given hundreds of millions to Stanford University.<\/p>\n<p>A New York Times best-selling author, Knight&#8217;s memoir, <em>Shoe Dog<\/em>, was recently picked up by Netflix to be adapted into a film. In addition, <a href=\"https:\/\/www.snkrsday.com\/phil-knights-personal-style-inspires-footwear-inaugural-pk80-tournament\/\">Knight&#8217;s NCAA tournament<\/a>, the PK-80, which launched in 2017 in honor of his 80th birthday, enters into its second installment with the start of the upcoming college basketball season.<\/p>\n<p>Source: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-10-05\/phil-knight-just-gave-1-billion-of-nike-shares-to-philanthropy\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phil Knight, Nike founder and emeritus chairman, last week donated almost $1 billion worth of Nike stock to a charitable&hellip;<\/p>\n","protected":false},"author":137731,"featured_media":793024,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[1225451,4,1205932],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - 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