Top Philanthropic Donors: Michael R. Bloomberg Update

As of January 2013 Michael Rubens Bloomberg total giving to Johns Hopkins exceeded 1.1 Billon Dollars.  His gratitude toward the university, starting with a $5 donation the year after he graduated, has since taken on a supersize, Bloombergian scale.  On Sunday, as he makes a $350 million gift to his alma mater — by far the largest in its history — the New York City mayor, along with the president of the university, will disclose the staggering sum of his donations to Johns Hopkins over the past four decades: $1.1 billion.

Michael Rubens Bloomberg was born February 14, 1942 and is an American businessman and politician who is currently Mayor of New York City. With a net worth of $25 billion in 2012, he is also the 10th-richest person in the United States.

He was frequently mentioned as a possible independent candidate for the 2008 presidential election, which fueled further speculation when he left the Republican Party. There was also speculation that he would run as a vice-presidential candidate. Bloomberg did not, however, seek the presidency nor was he selected as a running mate by any of the presidential candidates.

In 1996, Bloomberg endowed the William Henry Bloomberg Professorship at Harvard with a $3 million gift in honor of his father, who died in 1963, saying, "throughout his life, he recognized the importance of reaching out to the nonprofit sector to help better the welfare of the entire community."

Bloomberg reports giving $254 million in 2009 to almost 1,400 nonprofit organizations, saying, "I am a big believer in giving it all away and have always said that the best financial planning ends with bouncing the check to the undertaker."

On July 21, 2011, Bloomberg announced that he would donate $50 million to Sierra Club's “Beyond Coal” campaign, the grassroots organization’s efforts to close older coal plants and prevent new ones from being built. The gift, spread out over four years, will come from Bloomberg Philanthropies.

Also in July 2011, Bloomberg launched a $24 million initiative to fund “Innovation Delivery Teams” in five cities. The teams are one of Bloomberg Philanthropies’ key goals: advancing government innovation.

In December 2011, Bloomberg Philanthropies launched a partnership with online ticket search engine SeatGeek to connect artists with new audiences. Called the Discover New York Arts Project, the project includes organizations HERE, New York Theatre Workshop, and the Kaufman Center.

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