Phil Knight Donated 12 Million Shares of Nike to Charity

This week, Nike founder Phil Knight donated almost $1 billion USD worth of company stock to an unnamed organization as charity, according to Business of Fashion. The charitable action was discovered as a regulatory filing, towards a company that holds Knight and his wife Penelope as directors, however the organization remains unknown. The total sum given however was revealed and equates to 12 million shares of Nike, worth approximately $990 million USD. 12 million shares of Nike account for .7 p...