New Gifts Offer Clues on Bloomberg’s Philanthropic Direction

Thursday, February 27, 2014

Bloomberg Philanthropies' annual letter and its recent grants - including a $10 million initiative to prevent child drowning deaths in Bangladesh - indicate where the former mayor's philanthropic efforts will focus next, reports The Chronicle of Philanthropy.

Recent grants by Michael Bloomberg’s foundation as well as his annual letter on philanthropy provide insight into his evolution from New York City mayor to major global donor, writes The Wall Street Journal.

In a two-page missive to be released Thursday, the billionaire media mogul declares he will “substantially expand” the work of his Bloomberg Philanthropies now that he has “more time to spend on national and global issues.”...