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The Standard Pledges $250,000 for the OHSU Knight Cancer Challenge

Employees don jeans to help end cancer as we know it

PORTLAND, Ore.--(BUSINESS WIRE)--Jun. 5, 2014-- Standard Insurance Company (“The Standard”) today announced a yearlong fundraising initiative in support of Oregon Health & Science University (OHSU) and its Knight Cancer Institute during The Standard’s 2014 Employee Giving Campaign. In joining OHSU’s mission to end cancer as we know it, the employee campaign will raise more than $250,000.

Nike co-founder Phil Knight and his wife, Penny, have pledged $500 million to this OHSU initiative if the university can raise $500 million in two years through the Knight Cancer Challenge.

Raising $1 billion will enhance OHSU’s position as a leader in cancer research with the goal of detecting cancer at its earliest stages, when it is most treatable.

The Standard has pledged a minimum of $250,000 to the Knight Cancer Challenge, and will raise funds through various events for employees including the Jeans Day program. The program encourages employees to donate $100 or more to a designated nonprofit partner in exchange for the opportunity to wear jeans on Fridays. The Standard will match employee and retiree donations to the Knight Cancer Challenge two-to-one, and is guaranteeing that the total raised will exceed $250,000.

“The Standard and its employees are extremely proud to partner with OHSU and the Knight Cancer Institute and take a stand against cancer,” said Greg Ness, chairman, president and CEO of The Standard. “Cancer has impacted every one of us in some way. Now, through this groundbreaking campaign and the extraordinary generosity of Phil and Penny Knight, Oregon’s citizens and businesses have an opportunity – and an obligation – to help end cancer as we know it.”

“We are deeply grateful for The Standard’s support. With more than 2,800 employees and a generous two-to-one match, The Standard’s campaign is certain to have an impact in moving us closer to our goal,” said Brian Druker, M.D., director of the OHSU Knight Cancer Institute. “It is inspiring to see what can be accomplished when organizations and individuals combine their resources and energy. Thank you for joining us in making Oregon the place where cancer meets its match.”

The Standard’s Jeans Day program is just one of the many charitable programs run annually by The Standard. Thanks to the generosity of employees, the Jeans Day program has generated more than $1.1 million for nonprofit organizations since launching in 2006.

About The Standard

The Standard is a leading provider of financial products and services, including retirement plan products and services, group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, absence management services, individual annuities and investment advisory services. For more information about The Standard, visit

About the OHSU Knight Cancer Challenge

Oregon Health & Science University has launched an unprecedented $1 billion campaign to fund research to find smarter, faster ways to detect cancer when the disease is most curable. Nike co-founder Phil Knight and his wife, Penny, have pledged to donate $500 million to support this ambitious plan – if OHSU can raise an additional $500 million in gifts and pledges in two years. For more information about the Challenge, visit or e-mail

Source: The Standard

The Standard
Bob Speltz, 971-321-3162
Knight Cancer Institute at Oregon Health & Science University
Elisa Williams, 503-494-8231