Some People Think Michael Bloomberg’s $1.8B Donation To Johns Hopkins University Is A ‘dangerous Distraction’
Americans are giving record amounts to charity, but that’s masking a worrisome trend. : Former New York City mayor Michael Bloomberg’s $1.8 billion donation to Johns Hopkins University has made headlines for its sheer size — it’s the biggest gift ever to a single institution. The money, to be used for financial aid, will let the school open its doors to qualified students who otherwise couldn’t afford to attend. But to some the donation is a symptom of a troubling trend in American philanthropy.