Nike founder Phil Knight and his wife, Penny, are giving $2 billion to a cancer institute at University of Oregon that bears their name, the largest ever donation to a US college or academic health institution,

An Oregon university says Nike co-founder Phil Knight and his wife Penny Knight have pledged a record $2 billion to its cancer center.

The Knight Foundation said the gift that will be used to shift the scientific approach to cancer treatment, research and patient care outcomes.