Skip To Content
Fast Forward

Bloomberg Donates $1.8 Billion To Johns Hopkins To Make Admissions ‘Need-Blind’

(JTA) — Former New York City Mayor Michael Bloomberg will donate $1.8 billion to Johns Hopkins University, which he attended, to provide more financial aid to low-and middle-income students.

It is reported to be the largest private donation to higher education, and will allow the university to eliminate loans from financial aid packages for incoming students beginning in the next school year and expand grants for those in financial need.

“No qualified high school student should ever be barred entrance to a college based on his or her family’s bank account. Yet it happens all the time,” Bloomberg wrote in an op-ed published in the New York Times on Sunday announcing the gift.

“Denying students entry to a college based on their ability to pay undermines equal opportunity. It perpetuates intergenerational poverty. And it strikes at the heart of the American dream: the idea that every person, from every community, has the chance to rise based on merit,” he wrote.

The donation announced on Sunday is in addition to the some $1.5 billion that Bloomberg, 76, has donated to the school in past years to support research, teaching and financial aid.

Bloomberg noted in his op-ed that his first donation to the school the year after he graduated was $5.00, which was all he could afford.

Hopkins President Ronald J. Daniels told the Washington Post that “as a consequence of Mike Bloomberg’s extraordinary gift, we will be fully and permanently need-blind in our admissions and be able to substantially enrich the level of direct assistance we provide to our undergraduate students and their families.”

Bloomberg, who with great fanfare last month re-registered as a Democrat, is rumored to be planning a run for president in 2020.


Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.