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1803 Fund

1803 Fund
Formation2023; 3 years ago (2023)
Location
Rukaiyah Adams
Website1803fund.com

The 1803 Fund is an organization based in Portland, Oregon, seeking to redevelop historically Black areas locally. The organization was established in 2023, after Phil and Penny Knight pledged $400 million. 1803 Fund's first investment is the Albina Riverside in inner North Portland. The organization purchased approximately $70 million of real estate for the project.[1][2][3] Another project is called The Low End.[4][5]

According to Oregon Public Broadcasting, the organization was established "to help investors rebuild some of the economic prosperity and community spaces destroyed by racist urban renewal policies and projects". 1803 Fund "focuses on building community areas for education, arts programs, housing and youth development."[6] Rukaiyah Adams is the chief executive officer.[1] 1803 Fund is an affiliate of Albina Vision Trust.[7][8]

In 2026, the 1803 Fund launched Black History Month with a celebration at the Portland Art Museum.[9]

Projects

1803 Fund donated $2.5 million to the Williams & Russell Project in 2024.[10]

Albina Riverside

Albina Riverside will connect the Rose Quarter with the Willamette River.[11]

The Low End

The Low End project is located at the western end of Russell Street, south of the Fremont Bridge and west of Interstate 5.[4][12][13]

See also

References

  1. ^ a b "'The soul of our city': Portland's 1803 fund reveals details for revitalization". Oregon Public Broadcasting. Archived from the original on 2026-02-26. Retrieved 2026-05-20.
  2. ^ Bach, Jonathan (2025-12-03). "1803 Fund unveils renderings of $70 million investment for Portland's Black community". The Oregonian. Archived from the original on 2026-02-03. Retrieved 2026-05-20.
  3. ^ Griggs, Taylor (2025-12-11). ""We're Investing for the Long Term": How the Future of Portland's Historic Albina District is Coming Together". Portland Mercury. Archived from the original on 2026-03-09. Retrieved 2026-05-20.
  4. ^ a b "Details of historic investment into Portland's Albina neighborhood revealed, brought to life by new renderings". kgw.com. 2025-12-02. Retrieved 2026-05-20.
  5. ^ Bach, Jonathan (2026-07-20). "1803 Fund shows vision for newly acquired 7 acres in lower Albina". The Oregonian. Retrieved 2026-07-22.
  6. ^ "Initiative to support Black Portlanders is investing $70M to redevelop waterfront, other properties". Oregon Public Broadcasting. Retrieved 2026-05-20.
  7. ^ "Tiered Gardens Could Celebrate the Return of Black Portlanders to Albina Riverside". Willamette Week. 2026-04-08. Retrieved 2026-05-20.
  8. ^ "Ambitious Black-led project aims to reclaim Portland's gentrified Albina community". KOIN.com. 2026-02-20. Archived from the original on 2026-03-09. Retrieved 2026-05-20.
  9. ^ Aljobory, Sana (2026-02-02). "1803 Fund kicks off Black History Month with celebration at Portland Art Museum". KATU. Retrieved 2026-07-22.
  10. ^ "North Portland project to receive $2.5 million from 1803 Fund". Portland Business Journal. 2024-12-12. Archived from the original on 2024-12-12. Retrieved 2026-05-20.
  11. ^ "Portland's 1803 Fund unveils vision for riverside grain terminal site". Portland Business Journal. 2025-12-02. Retrieved 2026-05-20.
  12. ^ "1803 Fund acquires industrial campus for redevelopment". Portland Business Journal. 2026-06-30. Retrieved 2026-07-01.
  13. ^ "1803 Fund's vision to revive North Portland's Albina neighborhood takes step forward with purchase of Streimer campus". Oregon Public Broadcasting. Retrieved 2026-07-02.

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