The Business Model of Bloomberg Philanthropies
Bloomberg Philanthropies is a nonprofit organization that incorporates all of founder Michael R. Bloomberg's charity giving. Bloomberg Philanthropies, headquartered in New York City, concentrates its efforts on five areas: the environment, public health, the arts, government innovation, and education. Bloomberg Philanthropies was the tenth largest foundation in the United States in 2015, the most recent year for which data were available. Bloomberg has vowed to contribute the lion's share of his fortune, which is now valued at over $54 billion.