Michael Bloomberg Donates $1.8 Billion To Johns Hopkins University

Michael Bloomberg to donate historic $1.8 billion to Hopkins for low-income scholarships. He announced the donation in an op-ed published in the New York Times on November 18, 2018. Johns Hopkins University is an American private research university in Baltimore, Maryland.

Apart from this, Mike has donated over $6 billion to a wide variety of causes and organizations. In 2017, Bloomberg Philanthropies distributed $702 million. Nearly all profits from Bloomberg LP go to Bloomberg Philanthropies, which is dedicated to saving and improving lives around the world. Bloomberg Philanthropies’ five areas of focus – public health, arts and culture, the environment, education, and government innovation.

Born in Boston on February 14, 1942, and raised in a middle-class home in Medford, Massachusetts, Mike attended Johns Hopkins University, where he paid his tuition by taking out loans and working as a parking lot attendant.

Donations to Johns Hopkins University:

Since his first donation of $5 to Johns Hopkins University in 1965 – a year after graduating with a bachelor’s degree in engineering, Mike Bloomberg’s total giving to the university has reached $3.3 billion.

Bloomberg School of Public Health
The Johns Hopkins School of Hygiene and Public Health was founded in 1916, making it the first independent graduate school of public health. In 2001, the school was renamed the Johns Hopkins Bloomberg School of Public Health for Mike Bloomberg in recognition of his financial support and commitment to the field of public health.

Bloomberg American Health Initiative
The Bloomberg American Health Initiative at the Johns Hopkins Bloomberg School of Public Health will help the school transform the United States’ approach to modern public health challenges. The Initiative, announced in 2016 as part of the school’s centennial, focuses on five areas affecting public health: drug addiction, obesity, gun violence, adolescent health, and environmental threats. It will include 50 public health fellows each year, fund faculty and their research, and establish scholarships for the new school-wide Doctor of Public Health (DrPH) program.

The Bloomberg American Health Initiative is part of the American Cities Initiative, a suite of investments that empower cities to generate innovation and advance policy that moves the nation forward.

Bloomberg~Kimmel Institute for Cancer Immunotherapy
Embracing Vice President Joe Biden’s Moonshot call to cure cancer, Mike Bloomberg, businessman and philanthropist Sidney Kimmel and other supporters contributed to the Bloomberg~Kimmel Institute for Cancer Immunotherapy. The Institute has the potential to eventually end all forms of cancer by studying immunotherapy which seeks to redirect patients’ highly individual immune systems to target, detect and destroy cancer cells. Research at the Institute will focus on melanoma, colon, pancreatic, urologic, lung, breast and ovarian cancers. In addition to this research, the Institute will also recruit scientists, provide additional infrastructure for engineering cellular products related to immunotherapy research, enhance partnerships with the private sector, and invest in critical technology development.

Bloomberg Distinguished Professors
The Bloomberg Distinguished Professors, announced in January 2013, will form a group of 50 world-class faculty members whose excellence in research, teaching, and service will be centered on interdisciplinary scholarship. They will bridge the university’s schools and divisions, conduct and stimulate innovative research that crosses traditional disciplinary boundaries, and train a new generation of native inter-disciplinarians.

Charlotte R. Bloomberg Children’s Center
In 2012, the Johns Hopkins Hospital building – which includes the Charlotte R. Bloomberg Children’s Center and the Sheikh Zayed Tower – opened. The Bloomberg Center combines art and architecture to create a unique haven and healing environment for young patients undergoing treatment and their families. The blueprint of the center, named in honor of his late mother, embodies Mike Bloomberg’s commitment to and belief in the power of art and design to inspire creative thinking and improve lives. One prominent feature of the Charlotte R. Bloomberg Children’s Center is the façade, a wall of glass and steel created by artist Spencer Finch. The façade’s colors were distilled from a Monet painting and designed to imbue the building with a natural, healthy light. Click here to see photos of the Charlotte R. Bloomberg Children’s Center.

Financial Aid
A $1.8 billion gift from Mike Bloomberg is devoted exclusively to undergraduate financial aid allowing Johns Hopkins University to permanently commit to need-blind admissions and ensure unparalleled educational opportunities for the next generation of global leaders.
Michael Bloomberg: Why I’m Giving $1.8 Billion for College Financial Aid

This will make admissions at Hopkins forever need-blind; finances will never again factor into decisions. The school will be able to offer more generous levels of financial aid, replacing loans for many students with scholarship grants. It will ease the burden of debt for many graduates. And it will make the campus more socioeconomically diverse.

Bloomberg hopes that others will, too, whether the check is for $5, $50, $50,000 or more.