Monday, November 19, 2018

Philanthropy: Bloomberg Gifts Johns Hopkins to the tune of US$1.8 billion

Michael R. Bloomberg, the billionaire businessman and former mayor of New York City, is donating $1.8 billion to his alma mater, Johns Hopkins University, to create a fund that would help low-income and moderate-income students attend without having to worry about the cost, his charitable organization, Bloomberg Philanthropies, announced," per the N.Y. Times' Anemona Hartocollis.
  • "Bloomberg is not asking that his name be attached to scholarships."
  • "The former mayor is turning over the money as one lump sum, rather than in annual installments."

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