Nike co-founder Phil Knight gave $2 million on Feb. 15 to the Bring Balance to Salem PAC, which spent more than $4 million in 2022 trying to elect Republicans. Knight has given the PAC $7 million since it launched in 2021.
His latest check wasn鈥檛 reported until Friday because committees have 30 days to report transactions. It鈥檚 the largest sum any political action committee has received this year 鈥� the next closest was a $500,000 donation from the Oregon Zoo Foundation to a committee supporting a bond for the zoo.
Knight would be barred from giving that much under a campaign finance bill passed by the Oregon Legislature that Gov. Tina Kotek has indicated she will sign. Beginning in 2027, will cap individual contributors at giving candidates $3,300 per election 鈥� or $6,600 to a candidate who runs in both the primary and general elections. Individuals could give up to $10,000 per two-year election cycle to multicandidate committees like the Bring Balance to Salem PAC
In turn, committees like Bring Balance to Salem could give no more than $5,000 in a two-year election cycle to a candidate and no more than $15,000 per year to a caucus committee. In 2022, Bring Balance to Salem gave more than $860,000 to Senate Republicans鈥� Leadership Fund and nearly $560,000 to House Republicans鈥� Evergreen Oregon PAC, along with hundreds of thousands of dollars directly to candidates.
That spending helped Republicans gain one seat in the Senate and two in the House, though Democrats still hold a four-seat majority in the Senate and a 10-seat majority in the House.
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