Bloomberg Philanthropies donates $600m to historically Black medical schools' endowments as part of the Greenwood Initiative.

Former NYC Mayor Bloomberg's philanthropic organization, Bloomberg Philanthropies, donated $600 million to the endowments of four historically Black medical schools: Howard University College of Medicine, Meharry Medical College, Morehouse School of Medicine, and Charles Drew University of Medicine & Science. This marks one of the largest private donations to any historically Black college or university and will more than double the size of three of the institutions' endowments. The funds are part of Bloomberg Philanthropies' Greenwood Initiative, aimed at reducing the racial wealth gap.

August 06, 2024
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