Bloomberg Philanthropies
Coverage of Bloomberg Philanthropies in the Nexus archive.
- Bloomberg’s post-Mike moves are in motion
Executives at Bloomberg LP are discussing potential transactions like an IPO with investment bankers, and Michael Bloomberg has transferred some personal stock to his philanthropy. Bloomberg owns 88% of the company, which generates $15 billion annually and is valued at over $80 billion by bankers. The company remains central to global finance with its data terminals and newsroom.
- Focus turns to building stronger institutions in Africa to speed shift to renewable energy
Africa faces a clean energy transition bottleneck due to weak institutional frameworks rather than technology or resources. A $285 million Bloomberg Philanthropies initiative aims to strengthen market design, regulatory systems, and technical expertise to accelerate renewable energy adoption across the continent.
- Focus turns to building stronger institutions in Africa to speed shift to renewable energy
Experts highlight that Africa's clean energy transition faces a shift from project development to building institutions, markets, and regulatory systems. A $285 million Bloomberg Philanthropies initiative aims to strengthen institutional capacity to accelerate renewable energy adoption, addressing bottlenecks like weak market design and fragmented regulations.
- Exclusive: Summer Program Boosts Learning for Tens of Thousands of Charter Kids
A summer learning program called Summer Boost, operating in 460 charter schools across seven cities, helped 39,000 students gain an average of one month more learning in math and two and a half weeks in English language arts. Funded by Bloomberg Philanthropies with $50 million, the program aims to prevent the summer slide and has expanded from New York City to include cities like Baltimore, Nashville, and San Antonio.
- New York City's 9/11 memorial fundraises to educate youth with $25 million match from Mike Bloomberg
The 9/11 Memorial and Museum has launched a $75 million fundraising campaign, with Mike Bloomberg pledging to match $25 million through his Bloomberg Philanthropies to educate youth about 9/11's legacy. The campaign aims to create exhibits and classroom materials to reach Americans born after the attacks, amid past budget challenges and debates over the attacks' legacy.