Nike CEO Announces $1 Billion for Cancer Research

The medical world just got some major ammunition in its battle to cure cancer—a $1 billion donation spearheaded by Nike chairman and CEO Phil Knight.

In September 2013, Knight and his wife, Penny, pledged to give $500 million to Oregon Health & Science University for cancer research if the school could raise a matching donation in two years’ time.

Today, OHSU announced that it has fulfilled Knight’s ambitious challenge, making history as the largest documented matching donation.

“We did it!,” a triumphant Knight said in a television interview this morning with Good Morning America co-anchor Robin Roberts, herself a breast cancer survivor.