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Mike Bloomberg’s $1B gift to Johns Hopkins will make med school free for most students – a philanthropy expert explains why that matters


Education – The Conversation

Mike Bloomberg donates $1 billion to Johns Hopkins University to eliminate tuition for most medical students, expanding financial aid in other fields. The gift, smaller than Bloomberg’s $1.8 billion donation in 2018, follows a similar donation by Ruth Gottesman to the Albert Einstein College of Medicine. The donations aim to make medical education more accessible amidst a higher education crisis. The impact on healthcare access is uncertain, with calls for changes in government policies to make healthcare education more accessible. The donations could encourage more doctors to serve in low-income communities. Critics argue that such large donations to privileged institutions could be better used in community colleges and public universities. Bloomberg’s donation is seen as a hope to inspire other donors.

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