1. Philanthropy Mayor

    Bloomberg Becomes Top University Donor

    New York City Mayor Michael Bloomberg is seen at the National Center for Learning Disabilities’ 35th Annual Benefit Dinner at the Mandarin Hotel on Wednesday, April 18, 2012. (Brian Ach /AP Images for National Center for Learning Disabilities)

    Brian Ach / AP Photo

    His first donation to his alma mater was just $5 the year after he graduated. But on Sunday, New York City Mayor Michael Bloomberg will become the most generous university donor to ever in the U.S. when he makes a $350 million gift to Johns Hopkins University. The gift brings Bloomberg’s four-decade total to $1.1 billion in donations. The money over the years has helped fun campus remodels, a physics building, a school of public health, a children’s hospital, a physics building, a stem-cell research institute, a library wing, and 20 percent of all need-based financial aid grants over the past few years. Famously, Bloomberg plans to give away all of his $25 billion fortune before he dies.

    Read it at The New York Times