Bloomberg Philanthropies
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| Founder | Michael R. Bloomberg |
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| Focus | Environment, Public Health, the Arts, Government Innovation, Education, Women's Economic Development in Africa |
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Area served
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Global |
| Method | Funding, Grants, Program Support, Advocacy |
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Key people
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Michael R. Bloomberg, founder Patti Harris, CEO |
| Website | www |
Bloomberg Philanthropies encompasses all of the charitable giving for founder Michael R. Bloomberg. Headquartered in New York City, Bloomberg Philanthropies focuses its resources on five areas: the environment, public health, the arts, government innovation and education. According to the Foundation Center, Bloomberg Philanthropies is the 12th largest foundation in the United States. Bloomberg has pledged to donate the majority of his wealth, currently estimated at more than $49 billion.Patti Harris is the CEO of Bloomberg Philanthropies.
While working at Bloomberg L.P., Bloomberg donated much of his wealth to medical research, education and the arts. He also sat on the boards of numerous charitable organizations. Beginning in 2004, Bloomberg appeared on Chronicle of Philanthropy’s list of top 50 Americans who had donated the most money that year. Between 2004 and 2011, Bloomberg was listed as a top 10 American philanthropist each year.
Since 2006, the headquarters has been located at Stuyvesant Fish House on East 78th Street in Manhattan.
Bloomberg Philanthropies directs its resources to five issue areas: the environment, public health, the arts, government innovation and education.
Bloomberg Philanthropies has focused on combating climate change and moving toward clean energy sources. In 2011, the foundation partnered with the Sierra Club’s Beyond Coal campaign by donating $50 million toward shutting down coal-fired power plants. On April 8, 2015, Bloomberg Philanthropies increased its support of the Beyond Coal campaign with a $30 million pledge, in order to accelerate the goal of closing and replacing half of all U.S. coal power plants with clean energy by 2017. Bloomberg Philanthropies also partners with the C40 Cities Climate Leadership Group, where Bloomberg is the former chairman, to curb carbon emissions in major cities around the world. In 2012, Bloomberg Philanthropies made a $6 million donation to the Environmental Defense Fund to help secure strong state-level regulations for hydraulic fracturing. Bloomberg has stated his support for "responsible" fracking as an alternative to coal power. In January 2014, Bloomberg Philanthropies committed $53 million to Vibrant Oceans Initiative over the course of five years to help reform fisheries and increase sustainable populations. In April 2014, Bloomberg Philanthropies invested $5 million in Little Sun, a solar-powered lamp company founded by artist Olafur Eliasson and entrepreneur Frederik Ottesen.
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Wikipedia