Big Bet Philanthropy: These Gifts of $25 Million or More Target Society's Toughest Problems

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Big Bet Philanthropy: These Gifts of $25 Million or More Target Society's Toughest Problems

By Kerry A. Dolan
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Bloomberg Philanthropies' tobacco control program tied for fifth most promising $25M-plus gift targeting tough social problems in 2016 @mikebloomberg @bloombergdotorg @forbes #philanthropy http://bit.ly/2AC6f80

Summary

Bloomberg Philanthropies' Tobacco Control Program Tied for Fifth Most Promising $25M-Plus Gift Targeting Tough Social Problems in 2016

Thursday, November 30, 2017 - 2:05pm

CAMPAIGN: Bloomberg: Philanthropy & Engagement

CONTENT: Article

Large fortunes beget large gifts, and more than ever, prominent philanthropists and foundations are anteing up $25 million-plus to help tackle problems of poverty, disease, substandard education and more. Boston's Bridgespan Group found 74 such gifts in 2016, totaling $6.7 billion. Its panel of outside experts then ranked the 10 most promising.

Michael Bloomberg/Bloomberg Philanthropies tied for the fifth spot, recently giving $360 million towards tobacco control. 

Building on $600 million he has given since 2007, New York's ex-mayor aims to reduce tobacco use in developing countries where smoking remains widespread. The initiative aims to save 100 million lives by 2050. “Reducing tobacco use is one of our greatest opportunities to save lives and prevent suffering, because we know that strong policies really do make a difference…,” Bloomberg said.

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Keywords: Philanthropy & Cause Initiatives | Bloomberg | Bloomberg Philanthropies | Corporate Contributions | Good Health and Well-Being | Health & Healthcare | Michael Bloomberg | Public Health | smoking | tobacco control

CAMPAIGN: Bloomberg: Philanthropy & Engagement

CONTENT: Article

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