In 2013, data entrepreneur Michael Bloomberg made a $350 million gift to Johns Hopkins University. The large donation was structured to fund 2,600 scholarships for needy students, and to create 50 Bloomberg professorships with special cross-disciplinary expertise. This was only the latest in a 49-year string of offerings. One year after he graduated from Hopkins with an engineering degree, Bloomberg donated $5 to the college; his first million dollar gift came 20 years after leaving campus. With his 2013 investment Bloomberg’s total giving to Johns Hopkins reached more than $1.1 billion. He also served as chairman of the university’s board of trustees for six years, and has helped raised millions from other donors.
- Press release announcing 2013 gift, hub.jhu.edu/2013/01/26/bloomberg-gift