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U.S. NEWS Tuesday 20 November 2018

Bloomberg donates ‘unprecedented’ $1.8B to Johns Hopkins

BALTIMORE (AP) — For- Ronald Daniels said Bloom- the Bill & Melinda Gates
mer New York City Mayor berg’s contribution will also Foundation launched the
Michael Bloomberg an- let the institution perma- Gates Millennium Scholars
nounced Sunday he’s do- nently commit to “need- program in 1999 with a $1
nating $1.8 billion to his blind admissions,” or the billion commitment over
alma mater, Johns Hopkins principle of admitting the 20 years. The Chronicle of
University, to boost financial highest-achieving students, Higher Education listed it as
aid for low- and middle-in- regardless of their ability to the largest private dona-
come students. pay for their education. tion to a higher-education
The Baltimore university said “Hopkins has received a institution in the U.S. earlier
the contribution — the larg- gift that is unprecedented this month.
est ever to any education and transformative,” he Bloomberg said he expects
institution in the U.S. — will said in a statement, noting the money will allow Hop-
allow Johns Hopkins to elim- the prestigious school was kins to offer more generous
inate student loans in finan- founded in 1876 by a $7 mil- scholarships and ease the
cial aid packages starting lion gift from Baltimore mer- debt burden for graduates.
next fall. The university will chant Johns Hopkins that “Denying students entry to In this Thursday, April 19, 2018, file photo, former New York City
instead offer scholarships was, similarly, the largest a college based on their Mayor and United Nations Special Envoy for Climate Action
that don’t have to be re- gift of its kind at the time. ability to pay undermines Michael Bloomberg speaks at World Bank/IMF Spring Meetings,
paid. University President By way of comparison, equal opportunity.”q in Washington.
Associated Press