Bloomberg Philanthropies

Bloomberg Philanthropies
Founder Michael R. Bloomberg
Focus Environment, Public Health, the Arts, Government Innovation, Education, Women's Economic Development in Africa
Location
Area served
 Global
Method Funding, Grants, Program Support, Advocacy
Key people
 Michael R. Bloomberg, founder
Patti Harris, CEO
Website www.bloomberg.org

Bloomberg Philanthropies encompasses all of the charitable giving for founder Michael R. Bloomberg.[1] Headquartered in New York City, Bloomberg Philanthropies focuses its resources on five areas: the environment, public health, the arts, government innovation and education.[2] According to the Foundation Center, Bloomberg Philanthropies is the 12th largest foundation in the United States.[3] Bloomberg has pledged to donate the majority of his wealth, currently estimated at $27 billion.[4][5][6] Patti Harris is the current CEO for Bloomberg Philanthropies.[7]

History

While working at Bloomberg L.P., Bloomberg donated much of his wealth to medical research, education and the arts.[8] He also sat on the boards of numerous charitable organizations.[9] Beginning in 2004, Bloomberg appeared on Chronicle of Philanthropy’s list of top 50 Americans who had donated the most money that year.[10] Between 2004 and 2011, Bloomberg was listed as a top 10 American philanthropist each year.[10][11][12][13][14][15][16][17]

Since 2006, the headquarters has been located at Stuyvesant Fish House on East 78th Street in Manhattan.

Initiatives

Bloomberg Philanthropies directs its resources to five issue areas: the environment, public health, the arts, government innovation and education.[18]

Environment

Bloomberg Philanthropies has focused on combating climate change and moving toward clean energy sources. In 2011, the foundation partnered with the Sierra Club’s Beyond Coal campaign by donating $50 million toward shutting down coal-fired power plants.[19] Bloomberg Philanthropies also partners with the C40 Cities Climate Leadership Group, where Bloomberg is the former chairman, to curb carbon emissions in major cities around the world.[20] In 2012, Bloomberg Philanthropies made a $6 million donation to the Environmental Defense Fund to help secure strong state-level regulations for hydraulic fracturing. Bloomberg has stated his support for "responsible" fracking as an alternative to coal power.[21] In January 2014, Bloomberg Philanthropies committed $53 million to Vibrant Oceans Initiative over the course of five years to help reform fisheries and increase sustainable populations.[22] In April 2014, Bloomberg Philanthropies invested $5 million in a solar-powered lamp created by artist Olafur Eliasson.[23]

Public Health

Bloomberg Philanthropies has focused on reducing tobacco use through the MPOWER tobacco control strategy, making roads safer and eradicating polio, among other public health initiatives. In March 2012, the foundation donated $220 million to fight tobacco use over a four-year period. In total, the organization has pledged to donate $600 million to curb tobacco use in low- and middle-income countries.[24] In 2009, Bloomberg Philanthropies partnered with the World Health Organization to donate $125 million to reduce traffic-related fatalities,[25] and in 2014, it committed an additional $125 million to combat road traffic deaths in low- and middle-income cities.[26] In March 2013, Bloomberg Philanthropies donated $100 million to help the Bill and Melinda Gates Foundation eradicate polio worldwide.[27]

Bloomberg Philanthropies has also supported initiatives to improve women’s health. In July 2012, the foundation committed $50 million to the Global Family Planning Initiative, a Bill and Melinda Gates Foundation program focused on providing obstetric care and contraceptives to women in developing countries.[28] This contribution came after Bloomberg pledged $250,000 to support Planned Parenthood in February 2012.[29] In October 2012, the foundation also donated $8 million to the Bloomberg Philanthropies Maternal Health Program, which focuses on reducing maternal deaths in Tanzania.[30] In March 2014, Bloomberg Philanthropies expanded its work in Tanzania and to provide reproductive health services in Africa and Latin America.[31]

Beginning in 2012, Bloomberg Philanthropies pledged $16.5 million toward the Obesity Prevention Program, a three-year effort to support public health policies aimed at reducing obesity in Mexico, which has one of the highest rates of obesity in the world.[32] With support from Bloomberg Philanthropies, Mexican health leaders and activists mounted a national health campaign against soda consumption and successfully lobbied for the passage of a national sugar-sweetened beverage tax.[33] In 2014 - the first year of the tax - purchases of sugary drinks in Mexico dropped by up to 12%.[34]

The Arts

Bloomberg Philanthropies’ focus on the arts includes a $32 million commitment in 2011 to funding arts organizations and initiatives throughout New York City as well as provide business management training.[35] Bloomberg Philanthropies invited 250 small and midsize arts organizations to apply for the $32 million disbursal.[36] In September 2011, Bloomberg Philanthropies joined several foundations to contribute a total of $11.5 million to ArtPlace, a nationwide art funding initiative led by the National Endowment for the Arts that aims to use the arts as a strategy for economic development.[37]

In June 2013, Bloomberg Philanthropies announced a $15 million grant to five institutions — Art Institute of Chicago, the Metropolitan Museum of Art, the Museum of Modern Art, the New York Botanical Garden, and Guggenheim Museum — as part of the Bloomberg Arts Engagement Initiative to develop mobile applications for visitors.[38] In September 2014, Bloomberg Philanthropies committed $17 million to increase the use of digital technology at six cultural institutions – The Brooklyn Museum, American Museum of Natural History, Cooper Hewitt, Smithsonian Design Museum, San Francisco Museum of Modern Art, the Science Museum in London, and Gardens by the Bay in Singapore – and rebranded the program as Bloomberg Connects. The foundation has committed a total of $83 million to cultural institutions around the world.[39]

Government Innovation

Bloomberg Philanthropies supports efforts to make city government more efficient and innovative. In January 2013, a $16.2 million grant was awarded to five different cities to establish Financial Empowerment Centers, which were set up to provide free financial counseling for low-income individuals.[40] Five U.S. cities split a $24 million Bloomberg Philanthropies grant to create “Innovation Delivery Teams” – teams working to streamline municipal government.[41] In August 2014, Bloomberg Philanthropies invested $45 million for grants to implement Innovation Delivery Teams in city governments across the United States.[42]

In March 2013, Bloomberg Philanthropies announced Providence, R.I. as the winner of the Mayors Challenge, an initiative intended to foster innovation in America’s cities. Providence was awarded $5 million for proposing a plan to overcome a language skills deficit prominent in low-income children. Houston, Philadelphia, Chicago, and Santa Monica each were awarded $1 million.[43] In September 2014, Barcelona was announced as the winner of the European Mayors Challenge, and the city was awarded €5 million to help improve the quality of life for elderly residents. Athens, Kirklees, United Kingdom, Stockholm, and Warsaw were awarded €1 million each.[44]

Education

Bloomberg Philanthropies focuses on driving public policy initiatives and education leadership at a local level as a means to improving America’s school system. To date, the organization’s education giving has been split between charitable, legislative and political initiatives.[45] In October 2014, Bloomberg Philanthropies launched a $10 million program to help top-performing students from low- and middle-income families apply to and graduate from the nation's top colleges.[46]

Other Philanthropic Ventures

Bloomberg has been a longtime donor to his alma mater, Johns Hopkins University. In January 2013, he donated $350 million to the university, the largest single gift in the school’s history. In total, Bloomberg has donated $1.1 billion to Johns Hopkins, making him the most generous living donor to any education institution in the country.[47]

In April 2001, the School of Hygiene and Public Health was renamed as the Johns Hopkins Bloomberg School of Public Health.[48] In May 2012, the Charlotte R. Bloomberg Children’s Center opened inside the new Johns Hopkins Hospital, with a focus on pediatric care.[49]

Board of Directors

As of January 2015:[50]

References

  1. ↑ "About Us". Bloomberg Philanthropies.
  2. ↑ Preston, Caroline (30 April 2013). "Bloomberg Philanthropies Unveils Web Site and Priorities". The Chronicle of Philanthropy.
  3. ↑ "Top 100 U.S. Foundations by Asset Size". Foundation Center.
  4. ↑ "The Giving Pledge". The Giving Pledge.
  5. ↑ "Bloomberg, 39 other billionaires pledge to give away half their wealth". New York Post. 4 August 2010.
  6. ↑ "#13: Michael Bloomberg". Forbes.
  7. ↑ Orden, Erica (23 August 2011). "Mayor's Charity Pipeline". The Wall Street Journal.
  8. ↑ "Michael Bloomberg". Biography.com.
  9. ↑ "Michael Bloomberg: New York Business Entrepreneur and Philanthropist". New York Philanthropist.
  10. 1 2 "The Philanthropy 50: Americans Who Gave the Most in 2004". The Chronicle of Philanthropy. 15 April 2010.
  11. ↑ "The Philanthropy 50: Americans Who Gave the Most in 2005". The Chronicle of Philanthropy. 10 March 2010.
  12. ↑ "The Philanthropy 50: Americans Who Gave the Most in 2006". The Chronicle of Philanthropy. 10 March 2010.
  13. ↑ "The Philanthropy 50: Americans Who Gave the Most in 2007". The Chronicle of Philanthropy. 10 March 2010.
  14. ↑ "The Philanthropy 50: Americans Who Gave the Most in 2008". The Chronicle of Philanthropy. 10 March 2010.
  15. ↑ "The Philanthropy 50: Americans Who Gave the Most in 2009". The Chronicle of Philanthropy. 7 February 2010.
  16. ↑ "The Philanthropy 50: Americans Who Gave the Most in 2010". The Chronicle of Philanthropy. 6 February 2011.
  17. ↑ "A Look at the 50 Most Generous Donors of 2011". The Chronicle of Philanthropy. 6 February 2012.
  18. ↑ Preston, Caroline (30 April 2013). "Bloomberg Philanthropies Unveils Web Site and Priorities". The Chronicle of Philanthropy.
  19. ↑ Shogren, Elizabeth (21 July 2011). "Mayor Bloomberg Donates $50 Million to Sierra Club". NPR.
  20. ↑ Barbaro, Michael (13 April 2011). "Bloomberg and Clinton to Merge Climate Groups". The New York Times.
  21. ↑ Navarro, Mireya (24 August 2012). "Bloomberg Backs 'Responsible' Extraction of Gas and Pays to Help Set Up Rules". The New York Times.
  22. ↑ Jackie Mansky and Degen Pener. "Bloomberg Philanthropies Commits $53 Million to Save the Oceans". The Hollywood Reporter.
  23. ↑ West, Melanie Grayce (21 April 2014). "Bloomberg Backs a Solar Lamp". The Wall Street Journal.
  24. ↑ "Bloomberg Philanthropies Pledges $220 Million to Curb Tobacco Use Abroad". Foundation Center. 23 March 2012.
  25. ↑ McKay, Betsy (18 November 2009). "Bloomberg Pledges $125 Million to Reduce Traffic Deaths". The Wall Street Journal.
  26. ↑ Mohn, Tanya (30 September 2014). "Bloomberg Commits $125 Million To Combat Global Road Traffic Deaths". Forbes.
  27. ↑ "Bloomberg donating $100M to help fight polio". Yahoo! News. 28 February 2013.
  28. ↑ "Bloomberg Philanthropies Supporting Global Family Planning Initiative". Bloomberg Philanthropies.
  29. ↑ Preston, Caroline (11 July 2012). "Gates and Bloomberg Commit $610-Million for Family Planning". The Chronicle of Philanthropy.
  30. ↑ "Bloomberg Philanthropies, New Partner Pledge $8 Million for Maternal Health in Tanzania". Foundation Center.
  31. ↑ Ford, Liz (27 March 2014). "Family planning groups in developing countries set for Bloomberg boost". The Guardian.
  32. ↑ O'Connor, Anahad. "Mexican Soda Tax Followed by Drop in Sugary Drink Sales". Well. Retrieved 2016-01-26.
  33. ↑ Rosenberg, Tina (2015-11-03). "How one of the most obese countries on earth took on the soda giants". The Guardian. ISSN 0261-3077. Retrieved 2016-01-26.
  34. ↑ "This Is What Happened When Mexico Taxed Sugary Drinks". Medical Daily. Retrieved 2016-01-26.
  35. ↑ Taylor, Kate (16 February 2011). "ARTS, BRIEFLY; Bloomberg Supports Arts". The New York Times.
  36. ↑ Orden, Erica (15 February 2011). "Bloomberg to Donate $32 Million to Arts". The Wall Street Journal.
  37. ↑ Pogrebin, Robin (14 September 2011). "Consortium Views Arts as Engines of Recovery". The New York Times.
  38. ↑ Maloney, Jennifer (20 June 2013). "Foundation Gift Brings Museums App Power". The Wall Street Journal.
  39. ↑ Maloney, Jennifer (8 September 2013). "Bloomberg Philanthropies Gives Museums $17 million Push Toward Digital". The Wall Street Journal.
  40. ↑ Draper, Heather (8 January 2013). "Bloomberg Philanthropies picks Denver for financial empowerment grant". Denver Business Journal.
  41. ↑ Maki, Amos (6 January 2012). "Mayor's Innovation Delivery Team to funnel grant for inner-city revival". The Commercial Appeal.
  42. ↑ Hajela, Deepti (20 August 2014). "Bloomberg offers grants to help cities innovate". Associated Press.
  43. ↑ Klepper, David (12 March 2013). "R.I. City Wins $5M Bloomberg Prize with Word Gap Fix". Associated Press.
  44. ↑ "Bloomberg Philanthropies Announces Winners of 2014 Mayors Challenge". Philanthropy News Digest. 18 September 2014.
  45. ↑ Levenick, Christopher. "They Shall Overcome". Philanthropy Roundtable.
  46. ↑ Leonhardt, David (28 October 2014). "A New Push to Get Low-Income Students Through College". The New York Times.
  47. ↑ Barbaro, Michael (26 January 2013). "$1.1 Billion in Thanks From Bloomberg to Johns Hopkins". The New York Times.
  48. ↑ "Hopkins Names Public Health School for Michael Bloomberg". Johns Hopkins Bloomberg School of Public Health. 23 April 2001.
  49. ↑ Gunts, Edward (3 April 2011). "Finishing the new Johns Hopkins Hospital". The Baltimore Sun.
  50. ↑ "Board of Directors". Bloomberg Philanthropies.
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