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,

Knight is one of America’s most generous philanthropists, according to Forbes data, donating billions of dollars to educational institutions throughout his life.

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