Bloomberg Philanthropies Donates $1 Billion to Johns Hopkins

A $1 billion donation from Bloomberg Philanthropies will eliminate tuition for most medical students at Johns Hopkins University, benefiting students from families earning less than $300,000. Living expenses and fees will also be covered for students from families earning up to $175,000. This gift aims to reduce financial barriers, decrease graduates' average debt, and increase financial aid for nursing, public health, and other graduate students. Michael Bloomberg's donation underscores support for essential fields and will directly benefit students, reflecting his commitment to education and healthcare. The endowment will ensure that the best and brightest students can pursue careers in medicine and related fields, continuing Bloomberg's previous significant contributions to Johns Hopkins University's educational initiatives.