{"id":12351,"date":"2019-05-10T11:51:52","date_gmt":"2019-05-10T15:51:52","guid":{"rendered":"https:\/\/engineering.jhu.edu\/magazine-archive\/?p=12351"},"modified":"2019-05-10T13:42:04","modified_gmt":"2019-05-10T17:42:04","slug":"bloomberg-gift-transformative","status":"publish","type":"post","link":"https:\/\/engineering.jhu.edu\/magazine-archive\/2019\/05\/bloomberg-gift-transformative\/","title":{"rendered":"$1.8 Billion Gift Is \u2018Transformative\u2019"},"content":{"rendered":"
\"Michael<\/a>
Michael Bloomberg<\/figcaption><\/figure>\n

From a $5 contribution made soon after he graduated to a historic $1.8 billion gift in support of undergraduate financial aid announced last November, alumnus Michael R. Bloomberg\u2019s steadfast support, unrivaled generosity, and leadership have touched every corner of Johns Hopkins University<\/a> over the past half-century \u2014its facilities and infrastructure, its research and academic endeavors, and the quality and diversity of its student body.<\/p>\n

To date, Bloomberg \u201964 has now given Johns Hopkins University more than $3.35 billion\u2014by far the most ever by an individual to an American college or university.<\/p>\n

Bloomberg\u2019s recent $1.8 billion gift will allow Johns Hopkins to significantly enhance its financial aid packages, and become permanently need-blind and loan-free.<\/p>\n

The unprecedented commitment, President Ronald J. Daniels<\/a> wrote in a message to the university community, \u201cechoes and honors the example forged by Johns Hopkins almost 150 years ago.\u201d Johns Hopkins\u2019 $7 million bequest\u2014at the time the largest philanthropic gift in U.S. history\u2014founded the university and the Johns Hopkins Hospital.<\/p>\n

\u201cThis historic gift reflects Mike Bloomberg\u2019s deep belief in the transformative power of higher education and his insistence that it be accessible to all qualified students, regardless of financial means,\u201d Daniels said. \u201cIt also affirms Mike\u2019s profound devotion to this university for the role that it played in enriching his life.\u201d<\/p>\n

\u201cI want to be sure the school that gave me a chance will be able to permanently open that same door of opportunity for generations of talented students, regardless of their ability to pay,\u201d Bloomberg said in a New York Times<\/em> op-ed announcing his gift<\/a>. Making admissions at Johns Hopkins forever need-blind, he said, \u201cwill allow the school to offer more generous scholarships. It will ease the burden of student debt for many graduates. And it will help open up the American dream to more young people.\u201d<\/p>\n

In his message, Daniels expressed heartfelt gratitude and appreciation to Bloomberg and reaffirmed the university\u2019s \u201csincere determination, in word and in deed, to vindicate the very substantial trust he has reposed in us. We are profoundly grateful. We are truly blessed.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Bloomberg\u2019s recent gift will allow Johns Hopkins to significantly enhance its financial aid packages, and become permanently need-blind and loan-free.<\/p>\n","protected":false},"author":4,"featured_media":12355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23],"tags":[1158,3540,4154,4159,4164],"class_list":["post-12351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-at-wse","tag-johns-hopkins-university","tag-philanthropy","tag-michael-bloomberg","tag-ronald-j-daniels","tag-financial-aid","issue-spring-2019"],"acf":[],"yoast_head":"\n$1.8 Billion Gift Is \u2018Transformative\u2019 - JHU Engineering Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/engineering.jhu.edu\/magazine-archive\/2019\/05\/bloomberg-gift-transformative\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$1.8 Billion Gift Is \u2018Transformative\u2019 - JHU Engineering Magazine\" \/>\n<meta property=\"og:description\" content=\"Michael Bloomberg\u2019s recent gift will allow Johns Hopkins to significantly enhance its financial aid packages, and become permanently need-blind and loan-free.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/engineering.jhu.edu\/magazine-archive\/2019\/05\/bloomberg-gift-transformative\/\" \/>\n<meta property=\"og:site_name\" content=\"JHU Engineering Magazine\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-10T15:51:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-10T17:42:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/engineering.jhu.edu\/magazine-archive\/wp-content\/uploads\/2019\/05\/Bloomberg-1024x681.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"681\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abby Lattes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abby Lattes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/engineering.jhu.edu\\\/magazine-archive\\\/2019\\\/05\\\/bloomberg-gift-transformative\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/engineering.jhu.edu\\\/magazine-archive\\\/2019\\\/05\\\/bloomberg-gift-transformative\\\/\"},\"author\":{\"name\":\"Abby Lattes\",\"@id\":\"https:\\\/\\\/engineering.jhu.edu\\\/magazine-archive\\\/#\\\/schema\\\/person\\\/0244393be370fbc3ead8ec26062e9742\"},\"headline\":\"$1.8 Billion Gift Is \u2018Transformative\u2019\",\"datePublished\":\"2019-05-10T15:51:52+00:00\",\"dateModified\":\"2019-05-10T17:42:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/engineering.jhu.edu\\\/magazine-archive\\\/2019\\\/05\\\/bloomberg-gift-transformative\\\/\"},\"wordCount\":356,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/engineering.jhu.edu\\\/magazine-archive\\\/2019\\\/05\\\/bloomberg-gift-transformative\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/engineering.jhu.edu\\\/magazine-archive\\\/wp-content\\\/uploads\\\/2019\\\/05\\\/Bloomberg.jpg\",\"keywords\":[\"Johns Hopkins University\",\"Philanthropy\",\"Michael Bloomberg\",\"Ronald J. 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