Former New York City Mayor and philanthropist Michael Bloomberg has made a significant contribution of $600 million to the nation's historically Black medical schools. The beneficiaries of this generous donation include Howard University's College of Medicine, Meharry Medical College, the Morehouse School of Medicine, and the Charles R. Drew University of Medicine & Science.
The donation is part of the Bloomberg Philanthropies Greenwood Initiative, which aims to accelerate wealth accumulation for Black individuals and families and address systemic underinvestment in Black communities. Bloomberg emphasized the importance of equal access to quality healthcare and educational opportunities for all individuals, regardless of race.
