Making medical school free at Johns Hopkins for a majority of students
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The Bloomberg Philanthropies Annual Report 2023-2024
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A $1 Billion Investment in U.S. Health and Graduate Education Access
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|Read exclusive coverage in the Washington Post
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Mike Bloomberg's Annual Letter on Philanthropy
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|Patti Harris' CEO Letter
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|Download the Report
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| Explore the Report <>
Every year, Bloomberg Philanthropies follows the data and takes action in the
places where we can most effectively fulfill our mission: Ensuring better,
longer lives for the greatest number of people. Today, as we releaseour 2023 —
2024 Annual Report
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and announce a major new gift to make medical school tuition-free for most
students at Johns Hopkins University (read coverage in the Washington Post here
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), we're inspired by the leaders, experts, and communities that help our
mission take shape in so many ways.
Over the past year, our partners have been the key to everything we do, from
making bold new investments to save lives from tobacco use and creating
capacity for thousands of students to attend great schools, to providing new
Asphalt Art Initiative grants for 25 cities in the U.S., Canada, and Mexico and
increasing funding for clean energy and local climate action. We worked closely
with local leaders to launch the Bloomberg Cities Idea Exchange for mayors to
share and refine great ideas, collaborated with local teams through our pro
bono consulting to help cities implement innovative solutions, worked to help
communites pass 80 gun safety policies across the U.S., and much more.
Through Mike's Annual Letter, we announced a major effort to expand and
accelerate our work on some of the biggest challenges we face today.
Recognizing that the high cost of medical school is keeping away many
prospective students,a new $1 billion gift from Bloomberg Philanthropies will
make medical school at Johns Hopkins University tuition-free for the majority
of students — with living expenses also being covered for those with limited
means — and boost financial aid for the schools of nursing, public health, and
other graduate programs
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.
This new gift ensures that the most talented aspiring doctors representing
the broadest range of socio-economic backgrounds will have the opportunity to
graduate debt-free from the Johns Hopkins University School of Medicine, and
that more of the nation's brightest grad students can pursue the fields that
most inspire them, rather than ones that will best enable them to repay
graduate school loans. You can read more inthe Washington Post story, "$1
billion gift to make Johns Hopkins medical school free for most."
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Today's announcement builds on our enhanced focus in the past year on health
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challenges in the U.S. — areas where the pandemic amplified existing problems,
and where millions continue to struggle. Average life-expectancy in the U.S.
today is lower than it's been in almost two decades. Meanwhile, students across
the country remain at risk of falling permanently behind as a result of
learning loss during remote schooling.
"When a crisis recedes from view, it's natural to want to move on. But it's
also a mistake… There is no better time to take stock — and act," Mike writes
in hisAnnual Letter
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. "[M]any serious problems that existed before COVID-19 have only grown worse.
Without urgent action, they'll continue to snowball — with tragic consequences."
READ MIKE'S ANNUAL LETTER
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In these actions — and in all of the big ideas and bold solutions you'll see
in the Annual Report — our goal is not only to make a difference on the ground,
but to foster continued action, especially among governments and others outside
of philanthropy, on the most pressing challenges of our time.
We hope you'll explore all the ways our programs and partners worked to
fulfill our mission, and take a moment to share some of the progress you see to
help inspire others. You can read and download the full report here:
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Thanks!
— Bloomberg Philanthropies
The Topline
Key data points from the 2023 - 2024 Annual Report
We've built cultural partnerships with more than 600 arts institutions and
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nearly all capital cities throughout the Americas, Europe, Asia, Africa, and
the Middle East.
Since 2022, Beyond Petrochemicals has helped prevent 37 million tons of
carbon emissions — equivalent to the annual emissions of 10 coal-fired power
plants — as well as 20,000 tons of toxic air pollutants
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More than 1,300 cities and towns have engaged with the Local Infrastructure
Hub to help them apply for the record-levels of federal funding made available
by the Bipartisan Infrastructure Law, securing more than $2 billion in
infrastructure investments
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far.
1,597 high-risk intersections have been redesigned to promote road safety and
reduce traffic fatalities
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cause of death for young people around the world.
More than 144,000 students have taken part in career and technical education
programs we support
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chance to prepare for good careers without needing to pay for a four-year
college degree.
In 2023, Bloomberg Associates teams led more than 90 total projects and
provided more than 62,000 hours of pro bono support to cities
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around the world.
Bloomberg L.P. employees volunteered 183,537 service hours in 2023
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Our support for graduates of historically Black medical schools has cut
graduates' average medical school debt by more than $80,000. Of those
graduates, 74% chose residency programs in underserved communities
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A Message from Mike and Patti
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WATCH NOW
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On Collaboration:
A message from our CEO
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In her CEO Letter, Patti Harris writes about the one thing that makes
everything in our Annual Report possible: Collaboration. It's "at the heart of
everything we do," Patti writes — from the people in our office who work across
teams, to the partners we're taking action with on the ground in communities,
to the interactions we have with governments at all levels to sustain and scale
the solutions we help bring forward. "[N]o dream is too big when we tap into
the power of collaboration," writes Patti. Read her full CEO Letter to learn
more about the areas where our partnerships have saved lives, created
opportunities, protected the planet, and much more.
READ PATTI'S CEO LETTER
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Explore the Report
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The Arts: Strengthening Communities Through Arts
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Environment: The Challenge We Must Win
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Education: A Brighter Future for Students
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Public Health: Life-Saving Solutions
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Government Innovation: Driving Innovation in Cities
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Bloomberg Associates: Helping Cities Thrive
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Founder's Projects: Improving Lives and Communities
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Bloomberg L.P.: Built on Giving Back
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Download the Report
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Know someone who would be interested in the Impact Newsletter? Forward this
email ortell them to subscribe at Bloomberg.org.
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About our work
Bloomberg Philanthropies invests in 700 cities and 150 countries around the
world to ensure better, longer lives for the greatest number of people. The
organization focuses on creating lasting change in five key areas: the Arts,
Education, Environment, Government Innovation, and Public Health.
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Public Health
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Education
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Government
Innovation
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Environment
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The Arts
Bloomberg Philanthropies encompasses all of Michael R. Bloomberg's giving,
including his foundation, corporate, and personal philanthropy as well as
Bloomberg Associates, a philanthropic consultancy that advises cities around
the world. In 2023, Bloomberg Philanthropies distributed $3 billion.
Learn more at Bloomberg.org
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Click here to stop receiving the Bloomberg Philanthropies Impact Newsletter
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Click here to unsubscribe from all Bloomberg Philanthropies emails
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