The money will be managed by a newly established 1803 Fund, led by former Meyer Memorial Trust chief investment officer Rukaiyah Adams.
PORTLAND, Ore. — Editors note: This story is courtesy of KGW’s media partner Portland Business Journal.
Nike co-founder Phil Knight and his wife Penny Knight announced a $400 million investment in Portland’s historic Albina neighborhood Monday afternoon.
The investment, called the Rebuild Albina project, aims to support current and future generations of Black Portlanders through investments in education, place and culture and belonging in the Albina community.
The money will be managed by a newly established 1803 Fund, led by former
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