Bloomberg Philanthropies Announces $600 Million Gift to Historically Black Medical Schools

In a monumental move to address the underrepresentation of Black physicians in the United States, Bloomberg Philanthropies has announced a $600 million donation to the endowments of four historically Black medical schools. Officials said the donation is part of Bloomberg Philanthropies' Greenwood Initiative, which aims to advance racial wealth equity and address systemic underinvestment in Black institutions and communities.

Howard University College of Medicine, Meharry Medical College, and Morehouse School of Medicine will each receive $175 million, while Charles R. Drew University of Medici...