Oregon Health & Science University officials said Wednesday that the institution has raised $86-million from private donors toward matching Nike co-founder Phil Knight's $500-million challenge grant, The Oregonian reports.
With the Oregon legislature approving $200-million in state bonds for the university before it adjourned last week, the institution is now more than halfway to matching the October 2013 pledge by Mr. Knight and his wife, Penelope, to support cancer research. The private donations came from 3,700 contributors, of whom 20 gave $1-million or more, the university said.
The university has until February 2016 to secure the remaining $214-million, a target Brian Druker, director of the university's Knight Cancer Institute, was optimistic about hitting. "If we raise $86-million in six months and we have 23 months to go, we should very comfortably make it past the $500-million," he said.