NYC mayor tops $1B in gifts to Johns Hopkins University

Associated Press : Baltimore, Sun Jan 27 2013, 09:28 hrs

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New York City Mayor Michael Bloomberg has given $350 million to his alma mater, Johns Hopkins University. The gift announced Saturday means the financial services magnate and philanthropist has topped $1 billion in total giving to the private Baltimore university from which he graduated in 1964. The university says $250 million from the latest donation will go to a variety of cross-disciplinary subjects, including water resources, health care, global health, the science of learning and urban revitalization. The remaining $100 million will go to need-based financial aid for undergraduate students, awarding 2,600 Bloomberg scholarships in the next 10 years. The mayor says he doesn't know any "other institution that can make a bigger difference in lives around the world through its groundbreaking research especially in the field of public health.''

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