Philanthropist, business leader, and three-term New York City Mayor Michael R. Bloomberg will commit a record-breaking $1.8 billion to support undergraduate financial aid at Johns Hopkins, the university announced today, the largest-ever single contribution to a U.S. college or university.
“This historic gift reflects Mike Bloomberg’s deep belief in the transformative power of higher education and his insistence that it be accessible to all qualified students, regardless of financial means,” Johns Hopkins University President Ronald J. Daniels wrote in a message to the university community today. “It also affirms Mike’s profound devotion to this university for the role that it played in enriching his life.”