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Bloomberg gives $1.8 B to Johns Hopkins

BobPSU92

Well-Known Member
May 6, 2015
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MONEY. :eek:

See the link below. From the article:

"(CNN) -- Michael Bloomberg, the former New York mayor who is weighing a 2020 presidential run, is donating $1.8 billion to his alma mater, Johns Hopkins.

The university and Bloomberg are calling it the biggest contribution to an academic institution in American history, according to a press release -- and the gift's record-setting size will not be lost on possible challengers in a Democratic primary. Last week, Bloomberg said he plans to decide on a 2020 bid no later than February, a spokesperson confirmed to CNN.

The gift will fund financial aid for qualified low- and middle-income students, allowing the university to forever make admissions decisions on a "need-blind" basis — without considering an applicant's ability to pay, according to the press release.

The contribution also eliminates student loans from financial aid packages, replacing those loans with grants that don't need to be repaid. The change will ease the burden of student debt for many graduates and make the campus more socioeconomically diverse, Bloomberg wrote in a New York Times op-ed in which he explains his rationale for the gift and the impact it will have.

"America is at its best when we reward people based on the quality of their work, not the size of their pocketbook," he wrote.

Improving access to top colleges and universities for students who can't afford it has long been a focus of Bloomberg's philanthropic efforts. Bloomberg's foundation supports several programs dedicated to helping high-achieving, lower-income students apply to, enroll in and graduate from top institutions.

"This changes everything for us," said Ronald J. Daniels, the president of Johns Hopkins University, in an interview with CNN. Without Bloomberg's support, it was a "real struggle" for the school to meet its commitment to "need-blind" admissions, said Daniels."


https://www.cnn.com/2018/11/18/politics/bloomberg-johns-hopkins-record-donation/index.html

I get financial aid for students, but how about a FACILITY. MASTER. PLAN. :eek: ? I'm sure SANDY. :eek: could help Johns Hopkins with that. :eek:
 
MONEY. :eek:

See the link below. From the article:

"(CNN) -- Michael Bloomberg, the former New York mayor who is weighing a 2020 presidential run, is donating $1.8 billion to his alma mater, Johns Hopkins.

The university and Bloomberg are calling it the biggest contribution to an academic institution in American history, according to a press release -- and the gift's record-setting size will not be lost on possible challengers in a Democratic primary. Last week, Bloomberg said he plans to decide on a 2020 bid no later than February, a spokesperson confirmed to CNN.

The gift will fund financial aid for qualified low- and middle-income students, allowing the university to forever make admissions decisions on a "need-blind" basis — without considering an applicant's ability to pay, according to the press release.

The contribution also eliminates student loans from financial aid packages, replacing those loans with grants that don't need to be repaid. The change will ease the burden of student debt for many graduates and make the campus more socioeconomically diverse, Bloomberg wrote in a New York Times op-ed in which he explains his rationale for the gift and the impact it will have.

"America is at its best when we reward people based on the quality of their work, not the size of their pocketbook," he wrote.

Improving access to top colleges and universities for students who can't afford it has long been a focus of Bloomberg's philanthropic efforts. Bloomberg's foundation supports several programs dedicated to helping high-achieving, lower-income students apply to, enroll in and graduate from top institutions.

"This changes everything for us," said Ronald J. Daniels, the president of Johns Hopkins University, in an interview with CNN. Without Bloomberg's support, it was a "real struggle" for the school to meet its commitment to "need-blind" admissions, said Daniels."


https://www.cnn.com/2018/11/18/politics/bloomberg-johns-hopkins-record-donation/index.html

I get financial aid for students, but how about a FACILITY. MASTER. PLAN. :eek: ? I'm sure SANDY. :eek: could help Johns Hopkins with that. :eek:
I wish he was a Penn State fan. :eek:
 
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I think we should let ART. :eek: and BARRY. :eek: weigh in on the notion of entrusting our onion-dip-infused LEADERSHIP. :eek: with another $1.8 B.
We could really fix the pressbox with that kind of coin? God knows Dave Jones deserves to sit in splendor. But alas Blooms is not a Penn State fan. I hate us. :eek:
 
We could really fix the pressbox with that kind of coin? God knows Dave Jones deserves to sit in splendor. But alas Blooms is not a Penn State fan. I hate us. :eek:
I have access to Sandy's master plan. Here is an artists rendition of Dave's seat in the newly updated pressbox:

LHvntSVlpjacY-D1s30l5jb-iKbGh2WBQ6GfFa_BxRHuUvD0pPF3B5vgWpXru8_b
 
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That's outstanding! Good for him and JH. Money WELL spent. Education is a benefit to us all but student debt is a HUGE problem and can be a drag on the entire economy. I hope that someone comes up with a solution in the near future. I wish I knew one.
 
It's wonderful to see people like Bloomberg, Bill Gates, and Warren Buffet use their wealth to support causes that actually do help others.
 
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