Mayor Bloomberg's giving to alma mater tops $1 billion
New York Mayor Michael Bloomberg graduated from Johns Hopkins University in 1964.
January 27th, 2013
01:00 AM ET

Mayor Bloomberg's giving to alma mater tops $1 billion

A kid raised in a middle-class Boston suburb, Michael Bloomberg took out loans to pay for his tuition at Johns Hopkins University and worked as a parking lot attendant.

He learned early to pay it forward.

Bloomberg's first gift to his alma mater was a whopping $5 in 1965, a year after he graduated with a bachelor's degree in engineering.

Fast forward to Saturday, when the Baltimore university announced Bloomberg has now given a total of $1.1 billion. The latest commitment came in the form of a cool $350 million toward a "transformational" initiative aimed at cross-discipline solutions to societal problems.

In a statement, Johns Hopkins said Bloomberg, a former trustee, is believed to be the first person to ever reach the $1 billion level of giving to a single U.S. institution of higher education.

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Filed under: New York • U.S.
soundoff (6 Responses)
  1. LizzyV

    The more you sin, the more you pay.

    January 27, 2013 at 2:41 pm | Report abuse |
  2. chrissy

    Im not a fan of Mayor Bloomburg but that is a very generous thing he did and many young people will benefit.

    January 27, 2013 at 5:28 pm | Report abuse |
    • Joey Isotta-Fraschini ©™

      @ chrissy:
      That's one of or rare disagreements–as rare as a naturally red diamond. I think that Mayor Bloomberg is terrific in our city! It's much safer than, for example, Chicago.

      January 27, 2013 at 6:28 pm | Report abuse |
    • banasy©

      Beirut is safer than Chicago.

      January 27, 2013 at 8:11 pm | Report abuse |
  3. dazzle ©

    Thank you Mayor Bloomberg for your contribution to this prestigious university.

    January 27, 2013 at 8:19 pm | Report abuse |
  4. chrissy

    Lol @ Joey its ok we dont have to agree all the time. And @ banasy, now THAT was funny!

    January 27, 2013 at 10:02 pm | Report abuse |