New York Mayor Michael Bloomberg is giving $350 million of his multibillion-dollar fortune to his alma mater, Johns Hopkins University, in a gift that will bring his total lifetime donations to the institution to over $1 billion, the school said on Saturday.Bloomberg's giving to the university over the years makes him its largest-ever philanthropic benefactor, the school said in a statement. Of the new gift, $250 million will go toward the university's work to tackle global challenges such as the preservation of water resources, while the other $100 million will provide financial aid to undergraduate students, according to the school.
My response
A simple case study in the rich get richer. If you already have money, it is easy to get more money
No comments:
Post a Comment