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.

Phil Knight, the co-founder and chairman of Nike, made a record-breaking donation this week that should make plenty of people smile. Knight and his wife, Penny, gifted $2 billion to the Oregon Health & Science University’s Knight Cancer Institute.