Bloomberg Philanthropies – ��Ӱ��

Bloomberg’s $1B Gift to Johns Hopkins Will Make Med School Free for Most Students

Amir Pasic — Tue, 23 Jul 2024 14:01:00 +0000

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Mike Bloomberg, the media mogul and former New York City mayor, has given Johns Hopkins University for most its current and future medical students, the school and announced on July 8, 2024. The gift will also expand financial aid for students studying several other fields at Bloomberg’s alma mater. He .

Emily Schwartz Greco, The Conversation’s Philanthropy and Nonprofits Editor, spoke with about this gift and its significance. Pasic is the dean of the Indiana University Lilly Family School of Philanthropy, the world’s first school devoted to research and teaching about philanthropy.

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Is this a big deal?

I consider it a milestone in terms of its size, even if it’s smaller than the to fund scholarships for its undergraduate students.

It also matters because it’s part of a pattern. Earlier this year, Ruth Gottesman that will also make tuition free for students. Both gifts will make a medical education much more accessible.

And this is a moment of crisis in higher education: is too high, too many , and and are getting degrees.

Do you think it will help increase access to health care?

It’s hard to tell.

Many health experts want to see government policies changed to make health care education more accessible across the board, rather than at just a few universities. But if more leading medical schools start changing in this way, it could ripple through the system and make a difference.

It’s going to be incumbent on medical schools getting big gifts to make tuition free to show that these donations are benefiting the public and not simply producing more physicians who make a lot of money by primarily treating privileged people.

To deliver on the promise, I believe they will need to prove that significant numbers of their graduates are committed to the public purpose of the profession.

That would mean and community care in low-income neighborhoods, and more pediatricians. When med students need to take out large loans, they may end up in cosmetic surgery or treating wealthy people with golf injuries rather than attending to needs that are more glaring. Such burdensome debt loads won’t be the case any longer at Hopkins.

Nothing I saw in the gift compels those students to actually make that choice once they graduate. But the goal is that the school will recruit more people from low-income communities and free up more physicians to pursue the public aspect of their calling to serve people with the highest needs.

The med schools will bear a responsibility to create a culture that encourages and expects their alumni to go into those spaces and perhaps even looks down upon those who simply go into high-paid areas of the profession. Just waiving tuition – which – and doing business as usual won’t make a difference.

Is it wise for Bloomberg to give so much to his alma mater?

There have been a lot of critiques that too much money is going to a few privileged institutions that attract a .

What kind of effect are you achieving when you invest so much in one institution when the problems that we’re facing are quite systemic? How many more people could be reached with that same investment in, say, community colleges, and the public universities that don’t usually get philanthropic gifts at this level?

You can say that making systemic change requires you to distribute resources or . But Bloomberg Philanthropies has made the case that the leading institutions that attract some of the most prepared and most exceptional candidates have a particular role to play, and it hopes others will follow its lead.

Bloomberg isn’t just giving back to his alma mater and giving back to a place that did great things for him, individually. He’s also enunciating a hope that it will create an example for other donors to follow. Whether that ambition will be effective or not, we don’t know.

Sometimes we look at philanthropy as if it were purely public funding, or the equivalent of a policy endeavor. At the end of the day, we have to remember that this is Bloomberg’s own money. He’s free to make whatever decisions he wants.

I think it’s important to realize that he has his own theory of change – that elite institutions will bring the kind of change that our society needs. You may disagree with that and think that he should fund institutions that serve many more students and will propel upward in society.

But it does appear that Johns Hopkins’ over the past decade.

Is the timing significant, given some of the doubts about higher ed’s value?

This gift is in some ways more typical of higher education giving before a number of over the campus turbulence that began after the Oct. 7, 2023, attacks on Israel.

Many people are asking what the purpose of philanthropy is for colleges and universities and trying to compel them to use their endowments for what they consider to be better purposes despite restrictions on the use of those funds.

Students will be eligible for free tuition only if their families make less than $300,000 a year. What do you think about that?

Some schools have taken a different approach by ending tuition for everyone, such as the , and the .

I think only ending tuition for people who and limiting free living expenses to those in households earning less than $175,000 is reasonable.

Otherwise, Johns Hopkins could potentially squander funds on students who could easily pay and whose access and experience would not be curtailed if they had to pay for medical school without any financial aid.

This article is republished from under a Creative Commons license. Read the .

Bloomberg Announces $750M Effort to Grow Charter Sector in 20 U.S. Cities

Linda Jacobson — Wed, 01 Dec 2021 21:59:21 +0000

Former New York City Mayor and 2020 presidential candidate Michael Bloomberg has launched a five-year, $750 million effort to support charter schools in 20 U.S. cities, his foundation announced Wednesday.

Citing the pandemic’s disproportionate impact on Black, Latino and low-income students — and reports that charters were quicker than traditional schools to provide virtual instruction during school shutdowns — Bloomberg’s statement said, “Charter schools can help spread opportunity more equitably to students of all backgrounds nationwide.”

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With plans to add 150,000 new seats for students, Bloomberg Philanthropies will award grants to new and existing nonprofit, non-virtual charter schools in 20 metro areas, provide funding to launch new models, and support efforts to create more racial diversity among charter teachers and leaders. Grants can also be used to build and upgrade facilities.

Michael Petrilli, president of the conservative Thomas B. Fordham Institute, which published on the charter sector’s response during the early months of the pandemic, called the news encouraging and “potentially transformative.”

“The evidence base continues to build showing that urban charter schools are highly effective, and that their growth has positive impacts on students in nearby traditional public schools as well,” he said. “It’s the closest thing we have in education to a win-win proposition. Thank you, Mayor Mike.”

As New York mayor from 2002 to 2013, Bloomberg supported exponential growth in the city’s charter sector, opening more than 150 charter schools. The foundation’s announcement follows recent data showing that during the pandemic, the charter sector has seen its highest period of growth since 2015. Charter schools, however, continue to face criticism from Democrats, who argue they drain resources — and students — from district schools. The Biden administration recommended no increase in funding for the $440 million federal Charter School Program for fiscal year 2022, while the House proposed a $40 million cut from the budget for charters. The Senate has not yet acted on the budget. Some states, such as California, have also taken steps to limit charter growth in recent years.

Aside from the New York City region, the foundation is not yet confirming the other sites slated to receive grants. But according to the announcement, the cities chosen “offer a strong opportunity for serving the most in-need children coupled with conditions that could facilitate charter growth.”

James Merriman, CEO of the New York City Charter School Center, which supports new and existing schools, said Bloomberg’s policies, such as allowing charters to co-locate in public school buildings, allowed the sector to flourish.

“I’m thrilled to see that their focus will be on high quality,” he said. “It’s about having more great schools — not just having charters for the sake of charters.”

In cities such as Los Angeles, however, co-location arrangements have and are among the reasons teachers unions have lobbied against charter growth.

In his , which ran Wednesday, Bloomberg took shots at teachers unions, recalling United Teachers Los Angeles President Cecily Myart-Cruz’s that “kids didn’t lose anything” because of remote learning.

“What nonsense. How about reading, writing and arithmetic, the critical skills we are funding schools to teach?” Bloomberg wrote, adding that because charter schools generally don’t have union contracts, they have more flexibility and can “create a culture of accountability for student progress week to week that many traditional public schools are missing.”

Carol Burris, executive director of the Network for Public Education and a leading critic of charters, countered Bloomberg’s praise of the charter sector, noting that Success Academy, New York’s largest charter network, last school year. Her two grandchildren, she said, were able to return to in-person learning in district schools.

“I am deeply disappointed that Mr. Bloomberg would take the tragedy of COVID and use it as an excuse to undermine public schools,” she said.

United Federation of Teachers President Michael Mulgrew added his concerns that charter schools “pick and choose their students, rather than … take the responsibility to educate children.” He that few students who enrolled in Success Academy in 2007 as first graders remained at the school to be part of its first graduating class.

While the announcement doesn’t mention charter authorizers, it does mention partnering with local and national organizations. Karega Rausch, president and CEO of the National Association of Charter School Authorizers, said there’s room for improvement in the way authorizers evaluate new applications so the process isn’t so “burdensome and bureaucratic” but also ensures a school has a “high chance of doing great things.”

Nina Rees, president and CEO for the National Alliance for Public Charter Schools, said Bloomberg’s announcement is timely, not only because of increasing parent demand, but also due to efforts in many states to limit growth and the federal government’s flat funding of the charter program for the past five years.

But Merriman said whether the federal government is supportive of charters is less important than the climate at state and local levels.

When former President Barack Obama was in office, and John King and Arne Duncan were education secretaries, that “didn’t make a difference to Democrats in statehouses,” he said.

“Charter policy has always been at the state and local level. That’s what has mattered.”

Bloomberg Philanthropies – ����Ӱ��

Bloomberg’s $1B Gift to Johns Hopkins Will Make Med School Free for Most Students

Bloomberg Announces $750M Effort to Grow Charter Sector in 20 U.S. Cities

Bloomberg Philanthropies – ��Ӱ��