In 2024, Bloomberg again made a donation to the nation's Historically Black Medical Schools — this time gifting $600 million to the four schools to support their endowments. These endowments are 'significantly underfunded' due to entrenched discrimination. For three of the schools, the gift will more than double the size of their endowments. The donation also includes $5 million to help Xavier University to establish a new medical school. Despite underfunding, the four Historically Black Medical Schools graduate nearly half of the nation's Black doctors.
In 2024 Bloomberg again made a donation to the nation's Historically Black Medical Schools — this time gifting $600 million to t.he four schools to support their endowments. These endowments, are 'significantly underfunded' due to entrenched discrimination For three of the schools, the gift will more than double the size of their endowments. The donation a.lso includes $5 million to help Xavier University to establish a new medical school. Despite underfunding, the four Historically Black Medical Schools graduate nearly half of the nation's Black doctors