Friday, November 29, 2013
According to a report commissioned by Bloomberg Philanthropies, the Bloomberg Administration has attracted $1.4 billion in noncity financing for NYC programs over the past 12 years. (Ford Foundation President Darren Walker is also quoted in this New York Times article.)
Mayor Michael R. Bloomberg is well known for tapping his own fortune to fill in gaps in the city’s resources, whether spending millions of dollars to renovate Gracie Mansion or keeping the kitchen in the City Hall bullpen stocked with healthy snacks for his staff. But it turns out Mr. Bloomberg has also been good at getting other philanthropists to fund social and educational programs, disaster relief efforts and other initiatives undertaken by the city with private help....