Bloomberg Gives $600M To Black Medical Schools

The New York Times reports:

Michael R. Bloomberg, the billionaire and former New York City mayor, is giving $600 million to the country’s four historically Black medical schools, which account for a significant percentage of all medical degrees awarded to Black doctors.

Through his charitable organization, Bloomberg Philanthropies, Mr. Bloomberg is giving $175 million each to Meharry Medical College in Nashville, Morehouse School of Medicine in Atlanta and Howard University College of Medicine in Washington.

The money is targeted at the medical schools’ endowments, which an announcement on Tuesday morning described as “significantly underfunded” as a result of entrenched discrimination and lagging federal and state support.

Read the full article.

🙌🏿 Our College of Medicine will receive a $175 million investment from this historic gift! Transformative, impactful, life-changing, revolutionary. We could go on, but for now we’ll humbly say: Thank you @BloombergDotOrg #ClosingEquityGapsAtMaximumStrength https://t.co/eXrABZ1m8m

— Howard University (@HowardU) August 6, 2024

.@BloombergDotOrg is committed to diversifying the medical field & tackling health inequality. Our gift to the country’s 4 historically Black medical schools is an investment in new generations of Black doctors & in a healthier & more equitable future. https://t.co/U3Rs1iqqqP

— Mike Bloomberg (@MikeBloomberg) August 6, 2024