Annual Report 2023–2024

View online at

Our efforts to save and improve lives are creatingchange we can see in communities around the world.

SAVING AND IMPROVINGLIVES GLOBALLY
Bloomberg Philanthropies encompasses all of Michael R.
Bloomberg’s giving, including corporate, foundation, and personal
philanthropy. We focus on a series of key areas: Public Health, theArts, Education, the Environment, and Government Innovation,
as well as special Founder’s Projects and a pro bono city consultancy,
Bloomberg Associates.
The vast majority of the profits from Bloomberg L.P., the global
financial technology, data, and media company that Mike founded
in 1981, go to support the work of Bloomberg Philanthropies.

700
cities where
we work$3B

annual givingin 2023$17.4B
Mike Bloomberg’s
lifetime giving

Cover Feature
In 2012, we learned that drowning was
the leading killer of young children in
Bangladesh. The data drove us to takeaction. We began working with ourpartners to test potential solutions —and found that community childcare
sites, which provide supervision andopportunities for education, reduced
drowning deaths by 88 percent. Overthe last decade, we have supported
more than 2,500 of these sites,
reaching over 50,000 children. In
March 2024, as a result of our success,the government of Bangladesh took
over the program and will scale it toreach 200,000 children every year.

TABLE OF
CONTENTS
Annual Letteron Philanthropy

CEO Letter

Public Health

Education

Arts

04

08

10

20

28

Environment

Government
Innovation

Bloomberg
Associates

Bloomberg
L.P.

Founder’s
Projects

Board ofDirectors

36

46

54

60

68

81

ANNUAL LETTERON PHILANTHROPY
U.S. life expectancy was declining even before
COVID. And while other countries have seen theirlife expectancy return to (or close to) pre-COVID
levels, the United States has lagged behind. Even
though life expectancy for Americans is lower
than it has been in two decades, elected officials
have mostly shrugged. At a time when the
country is deeply divided by politics, confronting
this health crisis should be an issue that unites
both parties, because the challenges that lie at
the heart of it — from drug addiction to obesity —affect people of all political stripes.
The same is true when it comes to public
education. America’s schools have long been
failing to prepare students for college andcareers, and the pandemic made the problem
much worse. Remote schooling was a disasterfor students, especially those who were alreadyfurthest behind. Unless we find ways to help
students make up for ground lost during the
pandemic, the learning loss caused by COVID
will haunt them — and our country — for many
years to come.
When a crisis recedes from view, it’s natural towant to move on. But it’s also a mistake — anda surefire way to sleepwalk into the next crisis.
There is no better time to take stock — and act —than in the aftermath of a crisis.
When the global pandemic receded fromeveryday life, many elected officials couldn’t
wait to move on, including here in the UnitedStates. Because of that, many serious problems
that existed before COVID-19 have only grown
worse. Without urgent action, they’ll continue
to snowball — with tragic consequences. That’s
particularly true in two areas that are major
focuses of Bloomberg Philanthropies’ work:
health and education.

4

These twin challenges — declining levels of
health and education — are too big for nonprofit
organizations to tackle alone, but they canhelp lead the way. Bloomberg Philanthropies isfocused on both challenges — and for each, ourteam is working to create new models that canbe scaled and replicated.
HEALTH
While healthcare providers are focused on saving
and improving one life at a time, public healthleaders are focused on saving and improving
millions of lives at a time. Both fields are crucial toreversing Americans’ declining life expectancy,and strengthening both is a major priority for
Bloomberg Philanthropies.

Healthcare
One of the problems that has gotten much worse
since the pandemic is the shortage of primarycare doctors and nurses. That’s partly becauseof a wave of retirements and early resignations,but also because the high cost of medical
and nursing school is keeping away too many
prospective students.
That’s especially true for students from lowincome families who face the prospect of taking
on heavy debt in order to graduate. Many who
do matriculate end up dropping out becauseof financial pressures. And those who graduate
often choose to work in the most lucrative
specialties in order to repay their debts, rather
than in fields and communities that are most in
need. As a result, the United States has too few
primary care doctors and nurses, especially in
low-income areas, making the decline in life
expectancy especially difficult to reverse.
Making medical and nursing school more
affordable is a society-wide challenge, but
individual schools — and donors — can help
lead the way. To reduce the financial barriers
at my alma mater, Johns Hopkins University,
Bloomberg Philanthropies is making a new giftthat will cover tuition for a majority of students at
its medical school — and many of those students
will also have their living expenses covered.

21 percent of the student body — a higher
percentage of high-need students than there
is at Harvard, Princeton, MIT, and nearly every
other Ivy League and Ivy League-adjacentinstitution. And as Johns Hopkins has become
more economically diverse, it has also become
more selective. More generous financial aid
has attracted more of the nation’s top students,
including many from lower-income families who
might not have applied before.
This additional new gift of $1 billion will not only
make Johns Hopkins’ medical school tuition-free
for all with limited means, but it will also increasefinancial aid for graduate students at its schoolsof nursing, public health, and all its other nonmedical graduate schools. This will help Johns
Hopkins attract more of the nation’s brightest
minds and help free more of them to pursue thefields that most inspire them, rather than ones
that will best enable them to repay loans.
I hope other schools will follow Johns Hopkins
in reducing barriers to enrollment — and that
other donors will help them do so.
Public Health
Just as the United States needs more doctors
and nurses, we also need new approaches
to preventing the problems that are harming
Americans’ health.

Experience shows that knocking down
barriers to education can lead to real progress.
In 2018, Bloomberg Philanthropies contributed$1.8 billion to Johns Hopkins to ensure thatstudents are accepted regardless of theirfamily’s income, so more applicants from families
of modest means — like I was — can have thesame chance I did. This gift has permanently
established need-blind undergraduate
admissions, and reduced the debt burdensthat students are forced to carry.

That’s the focus of the Bloomberg American
Health Initiative, based out of the Johns Hopkins
Bloomberg School of Public Health. The
initiative, launched in 2016 with a $300 million
commitment, brings people together fromacross society to comprehensively address five
major causes of declining life expectancy: dietand lack of access to healthy food; environmental
hazards like air and water pollution; adolescenthealth; violence, especially gun violence; andthe devastating epidemic of opioid addiction
and overdoses.

That has helped to change the makeup of thestudent body. Over the course of a decade atJohns Hopkins, students from the families withthe greatest financial need went from making
up only nine percent of the student body toGuns and opioids in particular are major reasons
why the United States has fallen behind othercountries in life expectancy, thanks in no small
measure to the lack of action at the federal level.
5The United States has far higher rates of bothgun deaths and overdose deaths than otherhigh-income countries. Our team has beenleading the charge for common-sense gunlaws by supporting Everytown for Gun Safety,
which is making progress state by state, despite
inaction by Congress. And in the absence of acomprehensive national strategy, our partners
have been working with some of the states hit
hardest by the opioid epidemic to implement
efforts that can be replicated around the nation.
Our support for cities that are committed toprotecting public health has also continued to
grow. Mayors have a critically important role toplay in helping bold new policies take root andspread, and through our Partnership for Healthy
Cities, mayors are taking action to confront thecauses of noncommunicable diseases like cancer
and heart disease.
For a long time, these and other illnesses wereconsidered unavoidable, but mayors are helping
to prove otherwise. The policies they’re adopting— from passing smoke-free rules and tobacco
taxes, to restricting junk food advertising andexpanding access to healthy food — are helping
to save lives. And to help bolster their efforts,
Bloomberg Philanthropies has launched an
initiative that is working to block the constructionof new, polluting petrochemical plants. The lastyear produced some important early victories,
as our partners prevented six major plants frombeing built, each of which posed serious healththreats to surrounding communities.
EDUCATION & EMPLOYMENT
Students across America continue to suffer theconsequences of learning loss caused by overly
long school closures and poorly designed
remote education. According to data from the
National Assessment of Educational Progress,
the pandemic wiped out a full two decades ofstudent gains in both English and math. The
pandemic also worsened the achievement gap
between students of different races and between
the highest- and lowest-performing students. In
other words: The pandemic did the most harm to
the kids who could least afford it.
6This amounts to nothing short of a national
emergency. Nowhere near enough has been
done to reverse the damage, despite an influx
of funding from the federal government. Thatis leaving millions of students unpreparedeither for college or the workforce, withdire consequences for their career options.
Bloomberg Philanthropies is working to tackle
the crisis, both for college-bound students andthose who seek to begin their careers earlier.
Basic Skills
Despite being far behind, far too few districts
offer intensive summer instruction to give
struggling students a chance to catch up. And
many of those that do offer summer programs
have focused on social and emotional support,
not academic intervention. Learning socialand emotional skills is important, but without acommand of reading, writing and math, children
will struggle to follow their dreams.
In 2022, our team joined a group ofphilanthropic partners to help launch an
intensive summer learning program for New
York City’s charter schools, called Summer
Boost. More than 16,000 students participatedin the first year, and the results were extremely
promising: The percentage of students who met
standards in math nearly doubled. In English,
the percentage more than doubled. By theend of the summer session, many students hadcaught up and were back on track for success.
Based on that success, in 2023, we joined with
our partners to expand the program to sevenmore U.S. cities: Baltimore, MD; Birmingham,
AL; Indianapolis, IN; Memphis and Nashville,
TN; San Antonio, TX; and Washington, D.C.
Students made similar progress across mathand English as they did in the previous year.
Bloomberg Philanthropies has committed tofunding Summer Boost for a third year andhopes that other cities and districts can learn
from the program and create or expand theirown programs.

The pandemic also accelerated a decline inpublic school enrollment in many cities, as more
and more parents search for better alternatives.
Meanwhile, charter schools saw major increases
in enrollment. But there are long waiting lists
for charter schools across the country, and notenough support has come from the federal
government to open new charter schools. To
begin meeting the demand, in 2021, Bloomberg
Philanthropies made a $750 million commitment
to create 150,000 new charter school seats in
20 U.S. metropolitan areas. Over the last year,
progress toward that goal continued, with morethan 100,000 new seats created and more than
30,000 students already enrolled in new or
expanded charter schools.
Employment Skills
Millions of students do not wish to go to college,
yet when they graduate from high school, they
don’t have the skills they need to enter theworkforce, leaving them stuck looking for jobs
that have little in the way of career growth andadvancement.
At the same time, there are millions of open jobs
that employers cannot fill. There is an enormous
need for high school classes and curriculums
to be restructured around student needs andinterests, rather than the current one-size-fits-all
approach, which is failing to serve students —and harming our economy, too.
The healthcare field is a great example. Thereare currently two million open healthcare
positions that high school graduates could fill,
if they had a modest amount of training andeducation in high school. And unless somethingis done, the number of open jobs is expected to
double by the end of the decade.
Making matters even worse: The staffing
shortage is on a collision course with America’s
aging population. By 2030, all baby boomers
will be 65 and older, and their longer life
expectancies mean that the need for intensive,hands-on, 24/7 medical care will continue
to rise.

Until elected officials get serious about
addressing the shortage of qualified healthcare
workers, the quality and availability of healthcare
will decline — and millions of students will
be stuck working jobs with lower wages andfewer career opportunities than they should
be enjoying.
We can’t accept that. Too many lives are at stake.
And so in 2023, we teamed up with school
districts, healthcare systems, and local nonprofits
to create specialized new high schools that will
provide students with hands-on training and paidinternships at partner hospitals. Upon graduation,
students will have the option to continue theireducation or go straight to work at a partner
health system.
If this initiative succeeds, it can serve as a modelfor other high-growth industries. The operating
model of American high schools is stuck in
the past, and it’s leaving too many students
behind, with tragic consequences for them, theircommunities, and our country. We need elected
officials and education leaders to find new andbetter ways to connect them to growing fields
and careers, whether or not they decide to go tocollege — and philanthropy can help lead the way.
Taken together, we hope these health andeducation measures will inspire leaders,
especially in government, to think and act
more boldly. Until that happens, the pandemic’s
tragic consequences — shortened lifespansand diminished opportunities — will continue
to plague us.

Sincerely,

Michael R. Bloomberg

7

CEO LETTER

test ideas, and take risks to figure out what works,
government has the ability to sustain and scale thework, helping to save and improve millions more lives.
Transformative change often requires government
policy and partnership, an idea that drives many of
our initiatives.
In the pages ahead, you’ll read more about theresults we’ve achieved, thanks to an incredible groupof partners. All of that progress is deeply rooted incollaboration, which we’ve always seen as a criticalelement of our approach. Here are just a few examples:
Protecting public health.

Collaboration is at the heart of everything we do
at Bloomberg Philanthropies.
Whether it’s our open floor plan (no private offices
and no walls separating teams), or the way we
get involved in major challenges (enlisting expert
partners to help shape our strategy), or how wespread the best ideas (convening leaders fromdiverse backgrounds and organizations), our deep
belief in the value of collaboration comes from yearsof experience, often outside of philanthropy.
As an entrepreneur and business leader, Mike has
always focused on ensuring we have a nimble andefficient team that can move quickly to addresspressing global issues — and direct as much of ourgiving as possible to organizations on the groundthat are making a difference. Rather than creating
Bloomberg Philanthropies offices in other cities andcountries, we invest in partners, from cities and theirleaders to nonprofits and advocates, who haveyears of experience and credibility in the places
and issues where we want to be working. As anorganization with a global reach, we can play aunique role not just in supporting these partners
but in bringing them together, often for the firsttime, to spark new insights and share strategies.
Our work is also informed by our team’s backgroundin local government, led by Mike as mayor of New
York City for 12 years. That experience gave us
enormous appreciation for how powerful local
leadership can be, and where philanthropy can playa role in strengthening it. It also showed us thatcollaboration between the public and private sectors
can create better and more lasting progress, thanks
to the different strengths, resources, and expertiseeach offers. While philanthropy can gather data,

Our global program to reduce the toll of tobacco use is
one of our biggest and longest-running partnerships.
It brings together nonprofits like the Campaign for
Tobacco-Free Kids, international authorities like theWorld Health Organization, government officials
including ministers of finance in charge of national tax
policies, and community leaders who are working to
reduce the death toll from smoking. Since we launched
the initiative in 2007, we’ve helped protect nearly fourbillion people in 85 countries with strong tobacco
control laws — helping cut global smoking rates by nearlya quarter. In 2023, that progress drove us to reinvest in
our initiative with a new $420 million commitment.
Supporting public art.
The arts are a driver of economic growth, attracting
visitors that generate revenue. They bring life andvitality to communities, and they bring people together
and allow us to see the world through the eyes of others.
Last year, we announced eight winning cities in thethird edition of our Public Art Challenge, which brings
together mayors, artists, and community members towork on public art projects that tackle important
issues — from hunger to climate change to gun violence.
Each of the winning cities receives up to $1 million tocreate stunning, collaborative art installations that
address their chosen challenge.
Ending coal use.
In 2011, we teamed up with the Sierra Club to launcha U.S. campaign called Beyond Coal, focused on the
single biggest driver of climate change and a hugesource of deadly pollution. Our goal: to replace coalburning plants with clean energy. The campaign, which
we’ve since expanded to tackle other fossil fuels likemethane gas, is a true bottom-up collaborative effort,
joining forces with local communities that are fighting
for clean air and water. Our partners at the Sierra Cluband dozens of other organizations have helped leadthe way forward, working with experts and lawyers toensure that power plant operators are following lawsthat protect people from pollution, and providing stateutilities with data that makes the economic case toswitch to clean energy.
Since we began, more than 72 percent of U.S. coalplants have been retired. In 2023, we reachedimportant new milestones: U.S. emissions from coal
power hit a record low, as coal-powered electricity
generation fell to the lowest level in a half century.
And in March 2024, two more coal plant retirements
put the New England region on track to soon be
entirely coal-free. Based on this success, we’ve
continued to expand our collaboration on coal andclean energy to more countries around the world.
We’ve also worked to accelerate the global energy
transition through major collaborations focused on
climate finance — bringing together philanthropy,
government, multilateral development banks, andthe private sector to mobilize financing for clean
energy and other climate solutions. No single sector
can solve the challenge alone, and our efforts arebringing together global partners who can makeprogress, faster.

Strengthening city leadership.
Beginning in 2017, through our Government Innovation
work, we’ve brought together Harvard’s Businessand Kennedy Schools to lead intensive management
and leadership training sessions for mayors and theirsenior staff. In addition to reaching 275 mayors andnearly 470 staff from 35 countries, the Bloomberg
Harvard City Leadership Initiative has also sparked newcollaborations. In Israel, we’ve worked with Tel Aviv
University to create the Bloomberg Sagol Center forCity Leadership, and in Africa we’ve partnered with the
University of Cape Town to support the African Mayoral
Leadership Initiative for local leaders across thecontinent. These partnerships are bringing world-classexpertise to strengthen the work of city leaders — andmillions of residents are benefiting.
Our focus on cities also extends to the work that
Bloomberg Associates leads. The team is providing
client cities with pro bono guidance to address
important priorities, from tackling climate change toaddressing homelessness and affordable housing.

Preparing students to succeed.

Building sustainable cities.

On another major priority, our Education team is
helping to prepare U.S. students for successfulcareers in a changing economy. That work brings
together educators, business leaders, andnonprofits to help more students acquire the skills
and training experience that employers are seeking.
Earlier this year, as Mike mentioned in his letter, we
expanded our efforts with a $250 million investment
to create healthcare-focused high schools. Our
goal is to open 10 new schools in 10 urban and rural
areas, each a collaboration with local partners inhealthcare and education. For instance, the school
we are helping to create in New York City brings
together Northwell Health and the city’s publicschool system, while in Boston, we’re working with
Mass General Brigham and the Edward M. Kennedy
Academy for Health Careers.

Another example from our work with cities is theBloomberg American Sustainable Cities initiative,
launched in 2024 to help 25 major U.S. cities tackle
the biggest sources of greenhouse gas emissions,which also produce deadly air pollution whose burden
often falls heaviest on low-income communities. The
effort is a collaboration between our Environment
and Government Innovation teams along with the teamleading our Greenwood Initiative, which focuses on
reducing racial wealth disparities in the United States.
Fighting climate change, improving public health, andbuilding more equitable cities go hand-in-hand — so it’s
only natural that our program areas would work handin-hand with one another, and with mayors nationwide,
to make the initiative as effective as it can be.

Supporting women.
Since 2007, we have collaborated with nonprofits
including Women for Women International andSustainable Growers, as well as government
partners, to provide training and education
programs that lead to economic independence forwomen in Rwanda and the Democratic Republicof Congo. Last year, a long-term evaluation of ourprogram showed significant, sustained gains inparticipants’ income and savings, providing data
other countries can use to replicate the program
across borders. More than 743,000 women havenow been enrolled in our program, benefiting over
2.9 million of their children and family members.

The progress we’ve made with our partners in theseand other areas shows that no dream is too big when
we tap into the power of collaboration. Of course, thiswork is all made possible by our greatest partnershipof all — with Bloomberg L.P. — which gives the vast
majority of its profits to support our efforts. And in theyear ahead, we’ll continue drawing on the power ofcollaboration to tackle the world’s toughest challenges.

Patricia E. Harris
CEO, Bloomberg Philanthropies
9PUBLIC HEALTH

LIFE-SAVING
SOLUTIONS

Bloomberg Philanthropies’ Public Healthprogram addresses the world’s leading
causes of death from noncommunicablediseases and injuries. With Mike Bloomberg’s
leadership as World Health Organization
Global Ambassador for Noncommunicable
Diseases and Injuries, we follow the data,build strong partnerships with governments
and other organizations, and spread provensolutions to save lives.
10Our drowning prevention program in Bangladesh
has supported 2,500 community childcare sites toimprove supervision and prevent drowning amongchildren ages one to four — and the program’s
success led the government to take over and scale
our work.
11

CURBING GLOBALTOBACCO USE
Since 2007, Bloomberg Philanthropies has
supported successful efforts to reduce
tobacco use worldwide, which remains
one of the greatest global threats to publichealth. Partnering with national and local
governments, we advocate for a packageof proven policies that can save lives,
such as banning smoking in public places,
raising taxes on tobacco products, andprohibiting tobacco advertising. Together
with our partners, we have supported
strong tobacco control laws that reachnearly four billion people in 85 countries.
That progress has helped to cut global
cigarette sales per capita by nearly 25
percent since we launched our initiative,
and saved an estimated 35.2 million
lives. It also drove us to make a major
reinvestment in our global tobacco control
work in 2023.
Beginning in 2019, we have also worked toreduce teen e-cigarette use in the UnitedStates, an epidemic that threatens tohook a new generation on nicotine. Our
work focuses on advocating for state andlocal bans on flavored tobacco products,
which disproportionately attract younger
users, as well as advocating for national
policy change. To date, we have helped
pass 92 state and local bans on flavorede-cigarettes, contributing to a 64 percent
decline in teen use since our work began.

23%
64%
12

decline in global
smoking rates
since 2007
decline in U.S. teen
e-cigarette use
since 2019

MAPPING IMPACT
Building Momentum in Mexico
Toward a National Smoke-Free Law
2008
With our support, Mexico City became thebiggest city in Latin America to adopt a
100 percent smoke-free law that banned theconsumption of tobacco in public indoor spaces.
2015
Despite challenges at the national level,
we continued to help pass local smoke-freebans in 11 out of 32 states, protecting roughly
45 percent of the population.
2021
After voters elected new national leaders in2018 who supported our smoke-free efforts,
we helped pass a national ban in 2021 — theculmination of years of our work in cities andstates across the country.

SPOTLIGHT
E-Cigarettes in California
When California passed a law banningflavored tobacco products in 2020, thetobacco industry immediately pushed back,securing a ballot referendum in November
2022 that would have overturned the ban.
In response, we led a public awarenesscampaign to uphold it — and voters
overwhelmingly supported the effort.
In 2023, after the state’s flavor ban tookeffect, monthly e-cigarette sales decreasedby more than 40 percent despite lax
enforcement, showing the power of thesepolicies to protect public health. California’s
success paves the way for more state-level
action to pass flavored tobacco bans, acritical strategy in curbing the national
epidemic of youth e-cigarette use.

2012

2013

2014

2015

2019

2020

2021: National Law Passed

Credit: Vital Strategies

2008

Women marched in support of tobacco
control measures in Bengaluru, India, where
we have partnered with the city on the issue.

13

102

road safety laws
strengthened

114

media campaigns
launched

1,597
high-risk intersections
redesigned
In Mumbai, India, local partners collected
data to inform road safety interventions.

SAFER ROADS,SAFER COMMUNITIES
Since 2010, road traffic deaths have decreased
five percent to roughly 1.19 million people per
year. Although progress has been made, roadsafety remains an urgent global issue. Over 90
percent of fatalities occur in low- and middleincome countries, which is where Bloomberg
Philanthropies focuses our efforts. Our work
helps to strengthen national road safety
laws and implement proven interventions
that protect everyone on the road, such as
reducing speeding and drinking and driving,
improving road infrastructure and vehicle
safety standards, increasing helmet and seatbelt use, and strengthening data collection.
In 2023, our support helped several countries,
including Argentina, China, and Uganda,
adopt new laws or strengthen existing ones.
Since we began our road safety work in 2007,
we have helped strengthen more than 100
14national and subnational laws covering overfour billion people. We have also supported
114 media campaigns on key risk factors, withlocal governments investing over $18 million
in media placement efforts, and worked toredesign nearly 1,600 high-risk intersections
to protect pedestrians and bicyclists.

SPOTLIGHT
China
In 2023, with sustained advocacy fromour local partners, six cities and one
province passed policies to mandate
helmet use for electric bike (e-bike) riders.
Since we started supporting local e-bikehelmet advocates in China in 2015, morethan 750 million people living across 12
provinces and another 30 cities have now
been protected by these helmet policies.

In Guayaquil, Ecuador, our road safety efforts
helped redesign the Mariana Argudo Chejínintersection to protect pedestrians andbicyclists and create public spaces.

Credit: BIGRS Guayaquil (top); Johns Hopkins University (bottom)

INVESTING IN A NEW GENERATION OF LEADERS
In 2016, we established the Bloomberg
American Health Initiative at the Johns
Hopkins Bloomberg School of Public Healthto address declining U.S. life expectancy bytraining a new, more diverse generation of
public health leaders. The program focuses
on five major health threats facing the UnitedStates: addiction and overdose; risks toadolescent health; environmental challenges;
food systems for health; and violence. It
supports full scholarships for Master of Public
Health and Doctor of Public Health fellows,with the requirement that each prospective
fellow apply with a collaborating organizationand continue working with that organizationin the community after graduation. To
date, 329 students have graduated or are

currently enrolled. Endowed professors in
the initiative have also led landmark researchand partnered with local governments
around issues like effectively testing drugs
for fentanyl, implementing programs to safely
remove firearms from people who may pose arisk to themselves or others, reducing school
absenteeism, and more.

Dr. Joshua Sharfstein and Michelle Spencer,
Director and Associate Director of the Bloomberg
American Health Initiative, respectively, kicked off
the initiative’s 2023 summit.
15

Launched in 2017 through Mike Bloomberg’srole as WHO Global Ambassador for
Noncommunicable Diseases and Injuries, thePartnership for Healthy Cities is a networkof more than 70 cities focused on reducing
noncommunicable diseases and injuries.
In 2023, we welcomed four new member
cities — Milan, Italy; Nairobi, Kenya; New York
City, USA; and Osaka, Japan — dedicatedto strengthening public health policies intobacco control, road safety, food policy, andmore. In March 2024 in Cape Town, South
Africa, we hosted the second annual summit
for hundreds of city leaders tackling theseissues, following an inaugural summit inLondon in 2023.
SPOTLIGHT:
PARTNERSHIP FOR HEALTHY CITIESBengaluru, India
With our support through thePartnership for Healthy Cities, the city
secured a statewide ban on the sale andconsumption of hookah, which posessignificant health risks.
Bogotá, Colombia
The city is strengthening nutrition
standards for children in school,
improving their access to healthy food.
Accra, Ghana
To further improve road safety, the city
is redesigning a major intersection,
including adding curbs, signs, and otherimprovements to prevent traffic crashes.
Bucharest, Romania
The city is improving air quality by installing
sensors in schools and hospitals focusedon collecting localized air pollution data.

12.6M

birth records collected orstrengthened globally

In Cambodia, we supported a pilot project toimprove birth and death data collection that canbe scaled by the government.

BETTER DATA,BETTER POLICIESRoughly half of all deaths globally go
unrecorded, meaning health policy decisions
and funding are often based on inadequate or
inaccurate information. To tackle the challenge,
we launched our Data for Health initiative in2015 to partner with low- and middle-income
countries to improve their collection and use ofdeath, birth, and other health data.
Across 25 countries, we embed staff in healthdepartments and provide technical expertisefor countries to develop systems for collecting
accurate, standardized data and use it toimprove policymaking. Since the program’s
inception, we have supported a wide range of
new public health policies, totaling 69 across
14 countries to date. We have collected orstrengthened over 17.7 million death records
and 12.6 million birth records, and in 2023,
we reinvested in our global work with a major
new commitment.

Credit: General Department of Identification, Cambodia (top)

MOBILIZING CITIESFOR PUBLIC HEALTHPROMOTINGHEALTHY DIETSSAVING LIVES FROMHEART DISEASE

Bloomberg Philanthropies supports global
work to promote policies that tackle unhealthy
diets, which contribute to rising obesity rates
and other diet-related diseases. Together
with partner organizations, researchers, andemerging young leaders, our initiative focuseson the adoption and evaluation of evidenceinformed policies, such as restrictions onunhealthy food marketing, front-of-package
warning labels, taxes on unhealthy foods andbeverages, and healthier public-sector foodenvironments, especially schools.

Through a partnership with Resolve to
Save Lives, an initiative founded by
Dr. Tom Frieden, former director of the U.S.
Centers for Disease Control and Prevention,
we support efforts to prevent cardiovasculardisease, the world’s leading cause of death.
The initiative works predominantly in low- andmiddle-income countries and focuses on
three key strategies: improving treatment ofhigh blood pressure, eliminating artificial transfats, and reducing sodium intake. To date, wehave supported policies to regulate trans fats
and interventions to control hypertension thatare projected to save more than 7.5 million
lives, toward a goal of saving 100 million lives
by 2047.

In 2023, despite intense industry opposition,
Ghana enacted a 20-percent tax on fruit
juices and drinks, Pakistan increased a tax oncarbonated drinks and juices to 20 percent,and Brazil passed a 34-percent increase in thebudget for its healthy school meals program.
Colombia implemented a landmark tax on
ultra-processed products and sugary drinks
and requirements for front-of-package warninglabels — and our partners were named “peopleof the year” by El Espectador, Colombia’s
oldest newspaper, for their involvement.

11

healthy food policies adopted
globally in 2023 with our support

During the 2023 United Nations General
Assembly, in his role as WHO Global
Ambassador, Mike Bloomberg joined
Dr. Tedros Adhanom Ghebreyesus, WHO
Director-General, to launch a new report andhighlight solutions to address hypertension,a “silent killer” responsible for the deaths ofover 10 million people every year. They werejoined by Dr. Frieden and health ministers
from Ghana, the Philippines, Senegal, andTrinidad and Tobago.

During the UN General Assembly in New York City, Mike joined WHO Director-General Dr. Tedros Adhanom
Ghebreyesus, Dr. Tom Frieden, and other partners to release a landmark report on hypertension.

17

PREVENTING DROWNING
Globally, drowning is the third leading
cause of unintentional injury-related deaths,
accounting for over 235,000 deaths per
year, with over 90 percent occurring inlow- and middle-income countries. To save
lives, Bloomberg Philanthropies supports
data-driven solutions in countries with highdrowning rates, such as Bangladesh andVietnam. We prioritize interventions that
address local needs, then we advocate forgovernments to step in and scale our efforts.
In 2023, we expanded our efforts by collecting
data on the causes of drowning and potential

solutions in Ghana and beginning new
programming in Uganda. And in May
2024, we launched new efforts aimed atpreventing drowning in 10 U.S. states witha high burden of drowning deaths. Our
support, which focuses on populations
with a disproportionate risk of drowning,
will help expand access to swimming andwater safety skills training, in addition
to collaborating with state and tribal
departments of health to improve datacollection and review existing watersafety legislation.

SPOTLIGHT
Bangladesh
In March 2024, the national government of Bangladesh officially took over funding fora successful drowning prevention effort we launched more than a decade ago. In 2012,
following data showing that drowning was the country’s leading cause of death forchildren ages one to four, we began testing solutions that could save lives. We found that
community childcare sites, which offered supervision and education for children at thesame time, reduced drowning deaths by 88 percent. As a result, we supported more than
2,500 sites, reaching over 50,000 children — and our success spurred the government toadopt and scale the program to 200,000 children annually as part of a wider drowning
prevention strategy.

DEFENDING U.S.
REPRODUCTIVE
HEALTHCARE
In the wake of the U.S. Supreme Court
overturning Roe v. Wade in 2022, we havecontinued to support organizations that are
fighting to protect and expand abortion rights.
Many states now have criminalized abortion,
creating the need for legal representation,legal advice, and legal defense funds. In 2023,
we helped provide seed funding alongsideother partners to create the Abortion Defense
Network, which offers legal and criminal
defense resources to providers, supporters,
and individuals seeking abortions. The
network is a collaborative effort by nonprofit
organizations and private law firms committed
to safeguarding abortion access and upholding
reproductive rights. We also supported a
successful constitutional amendment ballot
measure in Ohio that enshrined the right toabortion in the state constitution.

COMBATING THE
OVERDOSE EPIDEMIC
To address record overdose deaths anddeclining life expectancy in the UnitedStates, Bloomberg Philanthropies works withpartners to combat the overdose crisis byincreasing access to medication treatment
and supporting harm reduction interventions.
Our strategy focuses on helping to pass andimplement policies, raising awareness andsharing what works, supporting research,
and advocating for change at the state andnational levels. In 2023, following a $26 billion
settlement between cities and states andmajor drug companies, we worked to ensurethat funds went to evidence-based programs
to address addiction and overdose, while
helping cities and states maximize existing
government funding. We also supported
grants to address the surge in overdose deaths
in communities of color, and developed tools
to increase access to medication treatment injails and prisons.

In Bangladesh, where drowning is the leading causeof death for children ages one to four, children are
benefiting from community childcare sites we supported
to improve supervision and reduce drowning deaths.
19

EDUCATIONA BRIGHTER
FUTURE FORSTUDENTS
Bloomberg Philanthropies’
Education program focuses
on expanding educational
opportunities and giving more
students a chance to pursue their
dreams. We work to support
students from kindergarten
through high school, to college
and career training, and beyond.

20

In 2023, our Summer Boost program provided summer
learning opportunities aimed at reducing learning loss for
35,000 students in San Antonio, TX (left), Baltimore, MD(right), and six other U.S. cities.

21

HELPING STUDENTS THRIVE
In 2021, Bloomberg Philanthropies launched a major initiative to increase accessto high-performing public charter schools across the United States, with the goal
to create 150,000 new charter seats by 2026. Building on Mike Bloomberg’s
longtime support for education reform in New York City and nationally, theinitiative partners with leading local and national organizations to create new
and innovative charter schools and strengthen existing schools, as well as help toimprove their academic offerings, recruit talented teachers, and attract support
for additional seats. Since 2021, we have developed a pipeline of 101,000 newseats to be opened, more than two-thirds of the way to our 2026 goal, creating
opportunities for far more students to attend high-quality schools nationwide.

In Baltimore, MD, students at Tunbridge Public Charter School participated in our Summer Boost
programming, designed to reduce learning loss exacerbated by the pandemic.

In 2022, driven by data on student learning loss caused by the pandemic, welaunched Summer Boost NYC to support summer learning at public charter schools
across New York City. The program provided more than 16,000 K-8 students withsummer learning and enrichment opportunities, and we saw significant learning
gains. In 2023, that success led us to expand to seven additional cities, where wepartnered with local co-funders to serve 35,000 students in more than 400 charterschools. Initial evaluations found that the program continues to drive progress: The
percentage of students in the program who met standards nearly doubled in mathand more than doubled in English.
We also support Global Cities, Inc., a nonprofit whose flagship Global Scholars
virtual exchange program uses technology to connect students ages 10 to 13 withpeers in cities around the world. The program, which is now connecting more than
11,300 students in 46 cities, provides a project-based curriculum and facilitatescollaboration to help students develop the knowledge and skills to succeed in
an increasingly interconnected world. In total, it has reached more than 116,600
students since 2013.
22

101,000
new U.S. charter school seats
invested in since 2021

35,000students provided with summer
learning opportunities in 2023

In New York, NY, we have supported Forte
Preparatory Academy Charter School, wherestudents also participated in our Summer
Boost program to reduce learning loss.
23

GROWING SKILLSTHAT LEAD TO JOBS
In January 2024, building on existing
investments we have made in career andtechnical education across the United States,
we launched a major initiative focused on
preparing students for high-demand, wellpaying jobs in the healthcare industry, which
has more than two million job openings
nationwide. This first-of-its-kind effort brings
together public education and hospitalsystems to create 10 high schools in cities andrural communities, offering robust academic
programming, specialized healthcare classes,
work-based learning at the partner healthsystems, and the opportunity to earn industryvalued credentials and certifications. These 10
new high schools, opening between fall 2024
and fall 2026, will allow students to directly

enter the workforce upon graduation and alsooffer opportunities for career progression.
Bloomberg Philanthropies has long invested in
U.S. career and technical education to improveskills- and jobs-based training in high schools,
with the goal to provide greater economic
mobility and opportunities in growing fields.
We support programs around the country
that offer industry credentials and training forhigh school students, as well as workplaceapprenticeships and paid job experience.
More than 144,000 students have now
participated in programs we support.

144,000+

students participated in career andtechnical education programs we support

MAPPING IMPACT
Investing in Healthcare-Focused High Schools Across the United States

2M
4M

job openings inhealthcare fields
nationwide
projected job
openings by 2031

Opening Fall 2024
Opening Fall 2025
Opening Fall 2026
24

Credit: Columbus State Community College

SPOTLIGHT
Columbus State
Community College
Since 2020, Columbus State
Community College (CSCC) in Ohio
has used our support to play a leadrole in building career pathways in
the emerging, high-demand fieldsof semiconductor manufacturing,biotechnology, information
technology, and pharmaceuticals,
including a partnership with Intelto launch a new certificate programfor semiconductor technicians.
Over 1,500 participants haveenrolled in CSCC’s trainings, with 61
percent obtaining a credential and88 percent landing employment
within six months after program
completion. CSCC is on track toquadruple the number of students
training in engineering technology
over the next five years.

Credit: City of Boston

Boston, MA
In partnership with Mass General Brigham andthe Edward M. Kennedy Academy for Health
Careers, we are strengthening and expanding an
existing healthcare-focused charter school that willaccommodate 800 students. Students will have theopportunity to learn about five medical pathways,
including emergency services and medical imaging,
and will be prepared to enter a local job market thathas more than 2,000 openings in the field.
Houston, TX
Together with Memorial Hermann Health System
and Aldine Independent School District, weare creating a new district school on an existing
school campus, which will serve 830 students.
Students will have access to five medical pathways,
including non-clinical healthcare administration,
rehabilitation, and medical imaging. There are over
3,000 healthcare-related job openings in Houston.

CONNECTING
TALENTED STUDENTS
WITH TOP COLLEGES
Bloomberg Philanthropies’ CollegePoint programprovides free hybrid and virtual college advising to help
high-achieving, lower-income high school students apply
to top U.S. colleges and universities and navigate thefinancial aid process — with a special focus on supporting
those who would be the first in their families to attend
college. The program has provided free advising to over
69,000 students in the past decade, including 2,817 highschool students who graduated in 2023.
Through the American Talent Initiative, launched inpartnership with the Aspen Institute and Ithaka S+R, webring top schools together to enroll more high-achieving,
lower-income students. When the COVID-19 pandemic
created enrollment challenges across the country, theinitiative worked with colleges and universities to recommit
to this work and set more ambitious goals. The coalition
numbers 140 member schools, who have now enrolled
an additional 18,100 high-achieving, low- and moderateincome students since 2016, recovering from declines
during the pandemic to reach our highest total since theinitiative’s inception.

New advisors in our CollegePoint
program participated in a training
session at UCLA in January 2024.

69,000+students provided with free college
counseling140

top colleges and universities
committed to enrolling more
lower-income students

Through our American Talent Initiative, we convened 80 college and university presidents
in April 2024 to share strategies for enrolling more talented, lower-income students.

WORKING WITH UNIVERSITIESTO SUPPORT ALL STUDENTS
Bloomberg Philanthropies also works with select universities onother strategic partnerships and support for students, including:• Making Johns Hopkins University need-blind and loan-free
for undergraduates in perpetuity.
Credit: Will Kirk/JHU (top left)• Launching the Georgina and Charlotte Bloomberg PublicService Fellows Program at New York University for students
interested in pursuing careers in public service.

• Creating the Emma Bloomberg Center for Access andOpportunity at Princeton University to support students
from first-generation, low-income, and underrepresented
backgrounds. The center officially opened in April 2023.

“

If we want America
to remain theworld’s greatest
meritocracy, a place
where the American
dream isn’t definedby class or color,then higher education
institutions must
lead the way.”― MIKE BLOOMBERG
April 2024

In 2023, we helped open the Emma Bloomberg Center for Access and Opportunity at Princeton University (topright) and welcomed the third cohort of the Georgina and Charlotte Bloomberg Public Service Fellows program(bottom left). We also continued to support students across Johns Hopkins University (top left and bottom right).

27

ARTS

STRENGTHENING
COMMUNITIESTHROUGH
THE ARTS

Bloomberg Philanthropies’ Arts program
draws on the belief that arts and culture
have the power to inspire creativity, spark
collaboration, and build community
around the world. We support artists,
cultural institutions, and public art tostrengthen the creative landscape in cities
and improve residents’ quality of life.
28

The National Portrait Gallery in London isamong more than 400 cultural institutions
globally with digital guides on our freeBloomberg Connects app.

29

Biennale Arte 2024
VeniceAn Atlas of Es Devlin
Cooper Hewitt, New York City

Norman Foster Retrospective
Centre Pompidou, ParisPaul McCartney Photographs 1963-64: Eyes of the Storm
National Portrait Gallery, London

Over the last year, Bloomberg Philanthropies supported a wide array of extraordinary arts exhibitions andinstitutions around the world.

We have also connected young people withPARTNERING WITH
arts organizations in the United States throughBloomberg Arts Internship, which we first
ARTS ORGANIZATIONS ourlaunched in New York City in 2012 and have
Supporting the arts globally, Bloomberg
Philanthropies has built cultural partnerships
with more than 600 arts institutions andcountless artists in nearly all capital cities
throughout the Americas, Europe, Asia, Africa,
and the Middle East. As one of the world’s
largest philanthropic funders of the arts,
we support exhibitions, artist commissions,educational programs, major art gatherings,
and more.

600+
30

arts institutions
supported globally

since expanded to Baltimore, MD; Philadelphia,
PA; Boston, MA; and Washington, D.C. The
program provides interns with meaningful
paid work experience at cultural organizations,along with job-readiness training and college
preparation. Since its inception, more than
1,500 high school students have interned atmore than 250 cultural organizations, including
over 250 students at 100 organizations in 2023.
In summer 2024, the program is expanding toprovide summer internships for students in two
additional U.S. cities — Detroit, MI, and New
Orleans, LA — while also increasing the numberof interns in many of our existing cities.

COLLABORATING TO
CREATE PUBLIC ART
In 2023, we announced eight winning U.S. cities in our latest
Public Art Challenge, a competition that brings together
mayors, artists, and residents to create collaborative public
art projects that address urgent civic issues. The winningcities are now working to implement their projects.
We held two previous rounds of the competition in 2014 and2018, naming a total of nine winners who developed a wide
range of installations over the following years, focused onchallenges like food insecurity, gun violence, climate change,
and more. The projects also spurred significant investments
and infrastructure developments that will help make adifference in these areas for years to come. For example:
JACKSON, MISSISSIPPIJackson focused on
addressing healthy foodaccess, leading to thedesign of new bus routes
that will include directaccess to at least one
grocery store on everyroute.

S
 POTLIGHT:
2023 WINNING CITIES• Atlanta, GA: Creating visualand performing art that
addresses racial disparities inpublic health and healthcare• Baltimore, MD: Designing
light installations aimed atrevitalizing the city’s arts
district• Honolulu, HI: Teaching littleknown Indigenous histories
at key tourist destinations• Houston, TX: Disrupting
perceptions of homelessness
by developing installations
in collaboration withprofessional artists andunsheltered individuals• Orlando, FL: Collaboratingwith artists and farmers todevelop installations thatraise awareness about thelack of access to healthy food• Philadelphia, PA: Addressing

Credit: Greenwood Rising, Inc. (bottom); Drew Dempsey (top)CAMDEN, NEW JERSEY
Camden called attention
to illegal dumping throughpublic art, ultimately
securing over $55 million
in federal, state, and local
funding to tackle issues
highlighted by the project.

healing in the wake ofgun violence by inviting
residents to write poems
through a workshop series
and incorporating theminto installations with local
businesses, nonprofits, andcommunity organizations• Phoenix, AZ: Installing
TULSA, OKLAHOMA
Tulsa’s Greenwood
Art Project generated
over $34 million in
investments, focused on
cultural infrastructure andpublic improvements.

creative shading and coolinginstallations in response to
the extreme urban heat crisis• Salt Lake City, UT: Creating
works that respond to thepersistent drought thatthreatens to decimate theGreat Salt Lake
31

LEVERAGINGTECHNOLOGYFOR THE ARTS
Bloomberg Philanthropies has long partneredwith arts organizations globally to help themuse digital technology to better share theircontent and engage audiences. In 2019, asa centerpiece of this work, we launched ourfree Bloomberg Connects app to offer digital
guides and in-depth, curated content fromextraordinary cultural institutions around theworld, including museums, historical sites,
botanical gardens, theaters, and more. Growing
rapidly, Bloomberg Connects now features
more than 400 institutions in over 100 cities
globally, numbers that have more than doubled
in each of the last three years. Created inpartnership with engineers and designers at
Bloomberg L.P., the app makes content available
in 40 languages, and more than three million
users have downloaded it to date.

The Noguchi Museum, New York City

Download the Bloomberg
Connects app here
Available on the Google PlayStore and Apple App Store

400+
3M+

cultural institutions
on our Bloomberg
Connects app
total appdownloads
to dateAmong the guides accessible on the Bloomberg
Connects app are The Noguchi Museum (top)in New York City, the Biennale Arte (bottom left)
in Venice, and Sir John Soane’s Museum (bottom
right) in London.

Biennale Arte 2024, VenicePARTNERING ON
DIGITAL PROJECTS
We have also partnered with arts organizations toaddress a critical need for more effective digitalprogramming and infrastructure — an issue madeespecially clear during the pandemic, when institutions
could no longer host visitors in person. The Digital
Accelerator Program we created is helping nearly 150
organizations in the United States and United Kingdom
to develop and implement digital projects to upgrade
their websites, improve online ticketing, grow revenue
and fundraising, offer online shows and content, andmore. Partnering with a fellow at each organization
to lead this work, the program provides funding,technical guidance, and a network to share bestpractices. Between 2021 and 2023, the first group oforganizations launched more than 40 projects, whichhave reached more than one million new audience
members, engaged more than 4,000 artists andother partners, and brought in $20 million in revenue.

SPOTLIGHT: DIGITAL ACCELERATOR
92NY, New York City
Launched an online platform to offer high-quality
courses from the organization and other partners,
garnering more than 28,000 participants andgenerating $3 million in additional revenue.
Roundabout Theatre Company, New York City
Built a new ticketing service that improves thecustomer experience, growing annual ticketing
revenue by nearly $1.9 million and cutting in half
the percentage of customers who start but fail
to complete their ticket purchase.
Southbank Centre, London
Enhanced its broadcast and editing facilities
and created a mobile studio to better capture
content, which helped triple the number ofsubscribers on its YouTube channel to morethan 100,000.
Sir John Soane‘s Museum, London

33

PAINTING THE WAY
TO SAFER STREETS
Through our Asphalt Art Initiative, we provide
cities with resources and support to install
projects that use art and design to improve street
safety, revitalize public spaces, and engage
residents. Since the initiative was launched in
2020, we have supported projects in 90 cities
and measured important safety gains, with 27
percent more drivers yielding to pedestrians
and 50 percent fewer crashes at the sites weanalyzed. In 2023, the U.S. federal government
incorporated asphalt art into its guidelines
for roadway design for the first time. We alsoannounced a new group of grants for 25 cities
across Canada, Mexico, and the United States.

A road safety study
we supported onasphalt art sites found:50%

reduction in crashes involving
pedestrians or bicyclists

27%

increase in rate of drivers yielding
to pedestrians with the right-of-way

To spread asphalt art projects to more cities, ourBloomberg Associates team created a free guidewith in-depth tools and case studies. It is available at:

34

Kaisariani, Greece

BEFORE

AFTER

35

ENVIRONMENTTHE CHALLENGEWE MUST MEET

Credit: RARE (left); Umeed Mistry/Ocean Image Bank (right)

Bloomberg Philanthropies’
Environment program works withpartners around the world, andacross the public and private sectors,
to tackle the climate crisis fromevery angle. Climate change is an
unprecedented global challenge, withmore and more people around theplanet feeling its effects — and fighting
it is an opportunity to revitalize theenvironment, improve health, spur
innovation, and build robust andsustainable economies.

36

Our efforts to protect ocean ecosystems and thelivelihoods of coastal communities span nearly 60
countries, including Indonesia (left) and Thailand (right).
37

72%
of U.S. coal plants
retired since 201029%
of planned U.S. gas
capacity blocked
since 2020

In 2023, the Beyond Carbon campaign helped secure the retirement of the
J.K. Spruce Power Plant in San Antonio, TX, the state’s sixth-largest polluting plant.

DRIVING THE U.S.
ENERGY TRANSITION38

In April 2024, the final two coal plants
in New England committed to closing,making the region coal-free.

SPOTLIGHT
Michigan
In 2023, following advocacy andengagement from our partners,
Michigan became the 19th state tocommit to the clean energy transition.
Governor Gretchen Whitmer signed
a landmark package of laws that set a
2040 commitment to reach 100 percent
clean electricity, including ambitious
interim targets, solidifying Michigan’s
legacy as a clean energy leader in the
Midwest and nationally and setting thestage for further progress.

Credit: Gordon Chibroski/Portland Press Herald via Getty Images (bottom)

The single most important step we can taketo tackle climate change is to replace coal,
the world’s single largest source of carbon
emissions, and other fossil fuels with clean
energy. Beginning in 2011, we have worked
closely with our partners to retire 72 percent
of all U.S. coal plants through grassrootspressure, litigation, policy change, and otherstrategies. In 2019, we expanded our focus,
creating the Beyond Carbon campaign toretire all remaining U.S. coal plants, reverse thegrowth of methane gas plants, and support thedevelopment of clean energy. Alongside ourprogress on coal, which has been responsible
for more than 80 percent of all U.S. emissions
reductions over the last decade, we have now
blocked nearly 30 percent of all proposedgas capacity since 2020 and helped ensurethat 19 states, along with Puerto Rico andWashington, D.C., have policies to reach 100
percent clean energy or net-zero emissions. In
2023, we doubled down on this work througha major new commitment to accelerate the U.S.
transition to clean energy.

BLOCKING U.S.
PETROCHEMICALSPetrochemical facilities that produce fossil fuelbased plastics, fertilizers, and other products
also generate carbon emissions and deadly
pollution. These facilities are often located in
low-income communities across the UnitedStates, particularly along the Texas Gulf Coast,
the Ohio River Valley, and an area of Louisianathat has become known as “Cancer Alley”
because of the prevalence of sickness related
to petrochemical sites. The petrochemicalindustry has plans to expand significantly, andthe construction of 120 proposed plants would
further sicken local communities and prevent
the United States from meeting important
climate targets. Since 2022, we have led acampaign with local partners to block new
facilities in our target regions and protect
communities from the toxic chemicals theywould release. To date, we have blocked sevenplanned facilities and slowed the industry’s
expansion — preventing 37 million tons ofcarbon emissions, equivalent to the annual
emissions of 10 coal-fired power plants, and20,000 tons of toxic air pollutants.

7

proposed U.S.
petrochemical facilities
blocked since 2022

37M
tons of carbon
emissions averted
since 2022

Beyond Petrochemicals is working to prevent theconstruction of additional facilities that pollute
the air and water, like those in Houston (left) and
Corpus Christi (above), TX.

39

ACCELERATING THE
GLOBAL TRANSITION
TO CLEAN ENERGY
Beginning in 2017 with the launch of theEurope Beyond Coal campaign, which built on
the successful strategies we had pioneered in
the United States, Bloomberg Philanthropies
has worked to end coal and accelerate clean
energy investment globally. In Europe, thiswork has helped to retire 55 percent of
the continent’s coal plants, while securingcommitments from 23 European countries
to phase out coal by 2030, up from just two
when our work began. Similar campaigns
have secured the early retirement of nearly
one-third of Australia’s plants and worked withcivil society and business groups in Japanand South Korea to advocate for national
2030 coal phase-out targets. We have also
supported research, advocacy, and technicalassistance in China, India, and Indonesia topromote clean energy development and help
lay out a path to the clean energy transition —and expanded our work to 25 developing
countries across Africa, Southeast Asia, andSouth America with the greatest threat of
new coal and the greatest potential for clean
energy development.
At the UN’s COP28 climate conference inDecember 2023, as part of our efforts to help
accelerate the global transition from fossil
fuels to clean energy, we worked with partners
to launch a new initiative to track and reduce
global methane emissions, a critical priority
in reaching international climate targets. The
effort will work with governments and oil
and gas companies to gather data, promotestrong policies, and build accountability
around methane reduction commitments.

55%

of Europe’s coalplants retired
since 2017

In Poland, we have worked with partners to develop a plan for transitioning Bełchatów Power Station,
Europe’s largest coal plant, to clean energy in a way that provides jobs and strengthens the region.

40

LEVERAGING THE
PRIVATE SECTOR
Bloomberg Philanthropies supports a widearray of efforts to mobilize the private sector
in the climate fight. To accelerate action,
Mike Bloomberg leads the Glasgow Financial
Alliance for Net Zero (GFANZ) with co-chair
and Bloomberg Philanthropies board member
Mark Carney and vice-chair Mary Schapiro.
GFANZ brings together financial institutions
and other private-sector organizations thatvoluntarily commit to reaching net-zeroemissions and supports their efforts to create
credible, science-based transition plans.
Over 675 firms have committed to reachingnet-zero emissions through net-zero alliances
under the GFANZ umbrella, representing morethan 40 percent of all private financial assets
globally. At COP28, we also launched the
Global Capacity Building Coalition to provide
additional support for financial institutions indeveloping countries.

Credit: Imperial College London

To increase data and transparency, Mike has
chaired the Task Force on Climate-related
Financial Disclosures (TCFD), which released
guidelines in 2017 to help companies quantify
and disclose risks posed by climate change.
In 2023, the TCFD recommendations weretaken over by a global standard-setting body,the International Sustainability Standards Board,
positioning them as the global framework forclimate disclosure requirements. At COP28,
we also launched a proof-of-concept of thefirst-ever online data repository for this privatesector climate data, called the Net-Zero Data
Public Utility (NZDPU).
And to increase investment, we support efforts
across developing countries to kickstart public
and private financing for projects that reduce
emissions. At COP28, we also launched aneffort called the Industrial Transition Accelerator
to catalyze investment to decarbonize highemitting industries like cement and steel.

Our support has helped deploy nearly 1,000 air sensors
globally in cities, including in London.

IMPROVING AIR QUALITY
Air pollution, another focus of our environmental
efforts, is a leading cause of death andcontributor to climate change. In 2023, building
on proven strategies from a series of earlier
partnerships, we launched a program called
Breathe Cities with London Mayor Sadiq Khanand other partners, focused on strengthening air
quality management, cutting carbon emissions,and improving public health. The program is now
working with an initial 11 cities across Africa, Asia,
Europe, and South America, supporting data andresearch, policy design and implementation, andcommunity engagement efforts. At the national
level, we also launched a clean air partnershipwith Indonesia and supported a new air quality
monitoring center in India. In 2023, partner cities
and governments introduced 11 clean air policies.

SPOTLIGHT
Warsaw, Poland
In Warsaw, we supported research thatfound that just 17 percent of vehicles
produce more than half of the city’s air
pollution — helping make the case for alow-emissions zone passed on December
2023 with restrictions on high-emitting
vehicles. We also worked with the city tomake the case for a ban on coal-burning
to heat households. As a result, thenumber of coal boilers in the city fell by
more than half even before the ban went
into effect in October 2023.
41

ADVOCATINGFOR OCEAN
PROTECTIONS
Billions of people depend on the ocean forfood and livelihoods, but the world’s ocean
faces dual threats from climate change
and destructive commercial practices
like overfishing and pollution. Bloomberg
Philanthropies works with global partners to
implement data-driven solutions, advocate
for community involvement, and support
policy change that can help safeguard
biodiversity in marine ecosystems, including
coral reefs. This work is critical both to theglobal climate fight and to the livelihoods ofcoastal communities.
In 2023, we helped to establish new marine
protected areas in Chile, the Philippines,
Indonesia, Honduras, Argentina, Australia,
and Papua New Guinea. In total, we havehelped establish stronger protections inmore than 11 million square miles of ocean, an
area three times the size of the United States.
We also worked with countries to help themsign on to and commit to ratifying a historic
new UN treaty to protect the high seas, amajor step toward the global goal to protect
30 percent of the ocean by 2030. At COP28,
we joined a group of funding partners tolaunch the Ocean Resilience and Climate
Alliance, a collaborative effort focused on
advancing ocean-based solutions to fightclimate change.

11M+
18
42

square miles ofocean now withstronger protections
major national laws on
ocean conservation
secured since 2019

MAPPING IMPACT
Protecting Ocean Ecosystems
and Coastal Communities AcrossSoutheast Asia’s “Coral Triangle”

Since 2014, Bloomberg
Philanthropies has worked
with global partners and local
communities to create andstrengthen protections forcritical ocean ecosystems acrossSoutheast Asia. Our support hashelped secure protections formore than 50 areas in the region.

SPOTLIGHTS
Papua New Guinea
In November 2023, withsupport from our partners thatengaged more than 9,000
people from 100 Indigenous
communities, Papua New
Guinea announced two new
marine protected areas totaling
more than 6,178 square miles.
Philippines
In March 2024, our partners
helped launch a new project,
the Partnerships for thePhilippine National Marine
30x30 Target, that will provide
policy and science expertiseto assist the government insetting and achieving its ocean
protection commitments.

43

Credit: Jayne Jenkins/Ocean Image Bank (left); RARE (right)

More than 500 mayors, governors, and other local leaders from over 60 countries came together for the
first-ever Local Climate Action Summit, which we organized at COP28.

BOOSTING CLIMATEACTION IN CITIES
Cities account for most of the world’s carbon emissions, andcity leaders often have some control over the largest sources.
Mike Bloomberg plays a leadership role in key networks
dedicated to accelerating local climate action — the C40 Cities
Climate Leadership Group, the Global Covenant of Mayors
for Climate & Energy, and America Is All In — and Bloomberg
Philanthropies works to elevate the role of local leaders in
the climate fight, empower them to do more, and help themcollaborate and share strategies.
In 2023, this work took an important step forward at COP28 in
Dubai, where we hosted the first Local Climate Action Summit,
bringing together more than 500 mayors, governors, andother local leaders from over 60 countries. Over 70 countries
also endorsed the Coalition for High Ambition Multilevel
Partnerships (CHAMP), pledging to partner with cities andsubnational governments on their climate plans.
In March 2024, we expanded our city climate work through apartnership with 25 major U.S. cities to cut carbon emissions,improve residents’ lives, and strengthen their capacity to leadpolicies and programs. This major effort, called Bloomberg
American Sustainable Cities, expands on an earlier partnership
we led with U.S. cities and aims to harness newly available
federal funding to reduce emissions and build more equitable
cities across key sectors: buildings, transportation, andeconomic development.
44“

Cities, states,
and regions are
standing up
and standing
together. It’s not
only helping us
win the battle
against climatechange —it’s also saving
and improving
people’s lives
every single day.”― MIKE BLOOMBERG
At COP28 in December 2023

ACTING TOGETHER
In 2023, Bloomberg Philanthropies brought
together world leaders, mayors, experts,
and advocates on critical climate issues.
In September 2023, we joined HRH Prince
William and The Earthshot Prize to co-hosta major summit in New York City. It brought
together policymakers, business leaders,philanthropists, and activists to recognize andhelp scale the work of the 15 finalists for The
Earthshot Prize, awarded to the most promisingsolutions that can address climate andenvironmental issues. Mike Bloomberg serves
as Global Advisor to the winners of the Prize.

In December 2023, building on Mike’s roleas UN Secretary-General‘s Special Envoy
on Climate Ambition and Solutions, weonce again served as an official partner for
the UN’s annual COP climate summit. At
COP28 in Dubai, we made a series of majorannouncements focused on the global energy
transition, climate finance, local climate action,and other critical issues. In the weeks leading
up to the summit, Bloomberg Philanthropies,
Bloomberg L.P., and our partners also took 118
actions to support the UN’s climate agenda,
including partnering with governments toimprove air quality, releasing data on private
sector climate involvement, and many more.

Mike met with HRH Prince William and winners and finalists for The Earthshot Prize (right) in September 2023,
and addressed leaders at COP28 (bottom) in December 2023, where we also hosted a convening space (left).

45With cities increasingly on the frontlines of global
challenges, Bloomberg Philanthropies’ Government
Innovation program strengthens the capacity ofmayors and local governments to address major
issues and better serve residents. Built on morethan a decade of work to drive innovation in cities,
our efforts aim to help bridge the gap between
governments’ abilities and ambitions and develop
the skillsets and resources necessary to deliver
more effective services.

Global Mayors Challenge winner Istanbul, Turkey, created a program
to crowdsource aid for residents in need — which the city adapted toprovide support for those affected by a devastating 2023 earthquake.

GOVERNMENT INNOVATIONDRIVINGINNOVATIONIN CITIES

47

SPREADING IDEAS
BETWEEN CITIES
Cities worldwide often face similar
challenges but have few easily accessible
ways to understand solutions that others
have pioneered, assess their feasibility for
replication, and implement them effectively.
Beginning in 2013, Bloomberg Philanthropies
has run the Mayors Challenge, a series ofregional and global competitions designed
to spark groundbreaking ideas that address
cities’ biggest challenges and can spread toother places. In addition to recognizing
38 winning cities, who have received funding
and technical assistance to bring their ideas
to life, this work has helped spread themost successful ideas to 337 additional
cities globally.

337

cities replicating
Mayors Challenge ideas

As part of our Global Mayors Challenge,
Mayor Kim Norton (top) of Rochester, MN, andMayor Andre Sayegh (middle) of Paterson, NJ,
led the charge on their cities’ projects. Mayor
Randall Woodfin (bottom) of Birmingham, AL,
spoke at CityLab about spreading ideas.
48

Credit: Kevin Wolf/AP Images (bottom)

Building on this work, we launched a new
initiative in October 2023 to further accelerate
the spread of successful solutions between
cities. The Bloomberg Cities Idea Exchange
provides a unified program for city leaders
to source ideas across a range of emerging
issues, share lessons learned between
cities, adapt solutions to local contexts, andmeasure the impact of their interventions. In
addition to sharing ideas developed throughthe Mayors Challenge and other Bloomberg
Philanthropies programs, it offers fundingfor 40 cities to replicate ideas, technicalassistance for implementation, online
webinars, and other resources.

so we worked with a group of philanthropic
HELPING U.S. CITIES
and nonprofit partners to create a program tothem. The Local Infrastructure Hub
WIN INFRASTRUCTURE support
provides webinars with infrastructure leaders,strategy-sharing from large cities, and monthsFUNDS
long grant-writing bootcamps designed to
The passage of the U.S. Bipartisan
Infrastructure Law made historic levels offederal funding available for cities to address
issues like climate change and infrastructure.
In 2022, we recognized that few small andmid-sized cities and towns had the capacity
to develop competitive funding applications,help city staff create compelling applications,reaching more than 1,300 cities and towns.
With support from the program, small andmid-sized cities are winning larger-thanaverage federal grants, totaling more than
$2 billion to date with more to come.
MAPPING IMPACT

Participating Cities and Towns in the Local Infrastructure Hub<10K population
10-50K population
50-100K population
100K+ population

Pocatello, ID
Pop. 56,320

Columbia, MO
Pop. 122,659

Athens, OH
Pop. 23,849$8.5M to improvepedestrian and bike accessbetween neighborhoods$23.2M for newbus stops a
 nd transit
maintenance$12.5M to installelectric vehicle
charging stations

Gladewater, TX
Pop. 5,960

Montgomery, AL
Pop. 200,603

Clarkston, GA
Pop. 14,756$240K for the city’s
sidewalk network$36.3M to revitalize thehistoric West Montgomery
neighborhood$1M to improvestreet safety49

In October 2023 in Washington, D.C., our tenth annual Bloomberg CityLab summit brought together leaders
and urban experts from more than 200 cities in 40 countries, including over 100 mayors, to share and explore
ideas and solutions with the potential to impact the future of cities.

Mayor Brandon Scott of Baltimore, MD, shared
his city’s experience improving data use throughthe City Data Alliance.

In Port St. Lucie, FL, our program recognized the city
for its strong data use practices, which are improving
35 miles of sidewalks and pedestrian access.
50

As cities grow and tackle increasingly complex
challenges, they must strengthen their capacity
to use data to identify problems and solve themcreatively. In 2022, we launched the City Data
Alliance, which partners with cities across Northand South America that already use data welland helps them use it even more effectively tomake decisions and understand what works.
In 2023, the program graduated its first classof 22 cities and began work with 20 new cities,
focused on embedding effective data use incity governance and benefiting residents foryears to come. It builds on the What Works
Cities Certification program we created in 2017
to evaluate how cities use data to govern andprovide them with training and other support
to improve. The program has since certified
74 cities for excellence in data use.
In city halls around the world, Bloomberg
Philanthropies also supports efforts to foster
creative problem-solving and innovation.
We have created innovation teams (“i-teams”),
composed of experts in data analysis, design,

Credit: City of Port St. Lucie, FL (bottom)

SCALING THE POWER
OF DATAEXPLORING THE
POTENTIAL OF AI
In October 2023, at our tenth CityLab summit,
we launched an effort to help mayors andtheir cities explore a new area for innovation:
generative artificial intelligence. This
technology can analyze vast amounts of data,
giving cities a powerful tool with the potential
to help improve emergency response, expand
multi-language access to services, andeliminate paperwork and processing delays —but only if city leaders know how best to use
it. Our online resource, called City AI Connect,offers virtual programming, data, and tools forcity staff to test strategies for using AI with one
another and with experts from Johns Hopkins.
and project management, focused on
breaking down silos and addressing
mayors’ toughest challenges. We have also
supported trainings on this work for othercity staff, with a focus on strengthening cities’
digital services. In partnership with Johns
Hopkins University, we have now spreadi-teams to more than 80 cities globally andtrained more than 1,100 city staff.

SPOTLIGHT
Supporting Mayors Through Crisis
As Russia’s war on Ukraine entered its
third year, we launched support for
Kyiv to expand its capacity to digitize
important public services for residents,
including helping them better accesscritical mental health services.
Following Hamas’s October 7th terrorist
attacks in Israel, our programs haveprovided crisis management tools,
ongoing assistance, and operational
support for cities grappling with thedevastating aftermath.
And after a terrible earthquake in
Turkey, we worked with Istanbul to pivot
its Mayors Challenge-winning platform,
which crowdsources contributions forresidents in need, to support nationalrelief efforts, getting necessary foodand hygiene items to those affected.

In April 2024, Mike Bloomberg met with local
leaders from across Israel as part of our work to
help their communities recover.

51

179

MAKING BETTER MAYORSCity leaders must navigate their cities through an eraof intractable issues. While private sector leaders
have access to a variety of management training
programs to support them, mayors and their teams
often do not. To fill that vacuum, we developed a firstof-its-kind effort in 2017 to strengthen city leadership
through world-class executive education and training
programs. Bringing together Harvard Business Schooland Harvard Kennedy School, our Bloomberg Harvard
City Leadership Initiative has now provided intensive
leadership and management training for 275 mayors
and nearly 470 senior staff from 35 countries.

cities globally are led bya graduate or current
participant in the
Bloomberg Harvard City
Leadership Initiative

70of the 100 largest U.S.
cities have been led bya program graduate

To further strengthen and scale our impact, we took
this model and supported the establishment ofprograms for mayors in Israel and Africa. This includes
the Bloomberg Sagol Center for City Leadership at
Tel Aviv University, which has provided yearlong
executive training for 20 mayors and 40 executive
managers and provided acute support as their cities
continue to grapple with crisis. Together with the
African Centre for Cities and Big Win Philanthropy,
we also support the African Mayoral Leadership
Initiative at the University of Cape Town, which has
now reached two classes totaling 28 mayors from
14 countries across the continent.

Our Bloomberg Harvard City Leadership Initiative brought its
seventh class of mayors (left) and senior staff (top) to New York
City for intensive classroom sessions. We have also supported asister program, called the African Mayoral Leadership Initiative(right), that is providing training for a second class of 14 mayors
across Africa in 2024.
52

Credit: Courtesy of the African Mayoral Leadership Initiative (bottom right)

In April 2023, we expanded on this work by
opening the Bloomberg Center for Cities at Harvard
University, the first center to focus on strengthening
local governments and their leadership on a global
scale. Housing training programs for mayors andlocal officials, multidisciplinary research, and city
government fellowships to foster a new generationof public servants, the center brings together city
experts and serves as a learning destination for
hundreds of local leaders globally.

53

BLOOMBERG ASSOCIATESHELPING
CITIES THRIVEWith Bloomberg Associates’ support, London created a Charter to End Rough Sleeping thatbrought together public and private sector leaders to take action to address homelessness.
54

Since its inception, Bloomberg
Associates has engaged 20 cities,
advanced more than 500 projects,
and generated $3.4 billion in cityand private funding for projects we
supported or created. In 2023, the team
led more than 90 total projects andprovided more than 62,000 hours of
pro bono support.

Credit: Getty Images

Bloomberg Associates is aphilanthropic consultancy that advises
cities around the world. Founded in2014, our Bloomberg Associates teamworks with client cities to make themstronger, safer, more equitable, andmore efficient and improve residents’quality of life.

55

WORLD-CLASSCONSULTING
NEWARK, NEW JERSEY
Bloomberg Associates has worked closelywith Newark to ensure that every resident andbusiness has access to free or very low-costhigh-speed internet. The team developed
an in-depth communications and marketingstrategy to increase sign-ups for the federal
Affordable Connectivity Program, an initiativethat offers rebates on home internet bills.
This partnership, which was recognized as
one of the National Digital Inclusion Alliance’s
Digital Inclusion Trailblazers, led more than
10,000 residents to sign up in 2023 alone. As
a result, Newark far exceeded its initial goalof enrolling 36 percent of eligible residents,
almost twice the national average, with a newtarget of registering 70 percent of eligible
households in 2024.
As part of the Newark360 Master Plan, which
Bloomberg Associates helped produce, theteam also worked with the city to develop atargeted tree-planting program to improve
air quality, reduce urban heat and flooding,and increase access to nature. In 2023, ourefforts helped the city secure $8 million fromthe U.S. Forest Service for tree planting, green
infrastructure, and workforce development.
TAMPA, FLORIDAIn Tampa, Bloomberg Associates worked
to improve road safety for pedestrians andbicyclists while delivering projects quickly
and inexpensively. We helped the city adopt
a street design guide that brought the city’smunicipal code up to national standards, andguided the city in selecting new infrastructure
projects that could be completed quickly,
flexibly, and efficiently. In 2023, these included
a project to extend and protect bike lanes
that improved commuting for local university
56

students, as well as the redesign of a halfmile stretch of roadway in the city center thatenhanced bike and pedestrian connections toan urban cycle track that runs through the city.
We also worked with the city to develop new
strategies for improving affordable housing
offerings. In 2023, the team facilitatedworkshops to discuss priorities, challenges,
and opportunities, and helped to draft a
Housing Affordability Roadmap that will
inform housing-related decisions andplanning processes within the city. Bloomberg
Associates is also developing a public-facing
dashboard that will make it easier for residents
to identify housing options within their areaand budget in real time. This work has driven
the city to commit an additional $58 million
to assist tenants in need and develop andpreserve affordable housing.
MILAN, ITALY
Since 2018, Bloomberg Associates has worked
with Milan to revitalize its tourism industry,including establishing the city’s first official
promotion agency. In 2023, the city saw
record-breaking tourism numbers, surpassing
even pre-pandemic levels. The team willcontinue to work with the city’s tourism agency
to develop its next three-year plan and ensurethat Milan can make the most of hosting the2026 Winter Olympic Games.
In 2023, Milan was also recognized as a winnerof The Earthshot Prize, a prestigious award
created by HRH Prince William to recognize
the most promising solutions to pressing
environmental challenges. The city is leading
innovative work to reduce food waste, creating“food hubs“ that collect an average of morethan 400 tons of excess food every year anddistribute it to communities in need. Mike
Bloomberg is Global Advisor to the winners of
the Prize, and we worked with our partners toconvene representatives from 10 other cities tolearn about Milan‘s unique model and how toreplicate it.

MAPPING IMPACT

Bloomberg Associates’
Involvement in Milan, Italy

BEFORE

Urban Greening and Heat
Mitigation: Helping the city
plant three million trees by2030 to cool neighborhoods
and improve air quality

AFTER

Piazze Aperte Program:
Helped transform more than 40 public spaces,
making them safer for pedestrians and bicyclists

Milano & Partners:
Established the first-everpublic-private promotion
agency, encompassing
economic development
and tourism efforts“Welcome to Milan“ Guide:
Created a comprehensive
guide with information andcity resources for immigrants
moving to the city, anddistributed it to 1,300
families in five languages

One-Stop Shop for
Immigration Information:
Created a physical andonline location for foreign
university students andskilled immigrants to accessinformation and services on
the immigration process

Welcometo Milan
A Guide for New Arrivals
Edition 2019

1

1

57

Young people in Greater London participated in the Digital Dash competition to learn skills andbuild job connections.

LONDON, UNITED KINGDOMPHOENIX, ARIZONABloomberg Associates worked closely with
London to create and launch the city’s first
Charter to End Rough Sleeping. This work
brought together government with more than
100 charities, faith groups, and businesses
to lay out shared principles and actions forstakeholders to take to address homelessness
in London. In the first month after the charter’slaunch, over 300 businesses, individuals, andlocal authorities had signed on to take action.

Bloomberg Associates helped Phoenix identify
more than 3,500 residents left out of the 2020
Census, then worked with the city to appeal
and revise the count. In 2023, the city won its
appeal, which is expected to yield as much as$75 million in additional federal funding overthe next seven years. We helped lead similarly
successful appeals in Chicago and Detroit,
projected to result in $118 million and $31.5
million in additional federal funding for eachcity, respectively.

In Greater London, Bloomberg Associates also
worked with the Westminster City Council todevelop and run the Digital Dash competition,a digital skills competition that provides local
young adults with the opportunity to work
alongside mentors from global technology
companies. Over the course of the 12-weekprogram, the participants were tasked
with building and pitching ideas that use
technology to solve local issues, while alsobuilding connections with leading companies
that can result in internships and jobs.

58

The team also helped Phoenix to conduct acomprehensive assessment of its Office ofArts & Culture, focusing on internal process
improvements and opportunities to strengthen
collaborations with local philanthropies andother city agencies. In 2023, Bloomberg
Associates’ recommendations directly
influenced the expansion of the office to acity department, which consolidates arts andculture functions under one agency. This
expansion empowers the department to more
effectively draw support from and collaborate
with internal and external partners to deliver
greater impact for residents.

BRATISLAVA, SLOVAKIA
As our most recent client city, Bratislava
enlisted Bloomberg Associates’ support in
the development of a new mobility strategy
that reduces car dependency, expands
bike and bus access, and improves the useof public space. In 2023, we kicked off theplanning process with the city to target
immediate interventions around key transit
hubs and public plazas, as well as multiyear projects with clear benchmarks.
We have also worked with the city tobolster its work on environmental issues,
developing strategies to manage waste
including increasing the resident recycling
rate. Our efforts focus on identifying
the most promising sectors to focus on,
such as construction, food, textiles, andelectronics, and developing targeted
programs. In January 2024, we helped
the city create MulchFest, inspired bya longstanding event in New York City,
where residents can drop off Christmas
trees to be turned into mulch at no
cost while enjoying time together andlearning more about the importance ofwaste reduction.

Bratislava’s MulchFest produced bags of mulch that
residents could take home for their own gardens.

SPOTLIGHT
Continuing to Collaborate Across
Our Programs
In addition to specific city partnerships,
Bloomberg Associates brings its expertiseto support a range of Bloomberg
Philanthropies programs. In 2023, forexample, we announced 10 winning cities
in our Bloomberg Initiative for Cycling
Infrastructure, created with expert
guidance from our Bloomberg Associates
team. The program provides technicalassistance and implementation support
to help cities improve bike lanes and othercycling infrastructure.
59

BLOOMBERG L.P.

BUILT ON
GIVING BACK

60

Giving back has been a fundamental part ofBloomberg L.P.’s culture from the very beginning.
Founded by Mike Bloomberg in 1981, the company —a global leader in business and financial data, news,
and analysis — directs the vast majority of its profits to
Bloomberg Philanthropies. The expansive Corporate
Philanthropy program engages employees aroundthe world to support the local communities where
we live and work, with a focus on addressing social,environmental, and other urgent challenges;
promoting an inclusive global economy; expanding
access to data and technology; and supporting new
and diverse voices in the media.

Through Bloomberg’s Million Meals Challenge in October 2023,
more than 2,500 employees in 35 cities prepared one million
meals for residents in need.
61

2023 BY THE NUMBERS

22,811

employees engaged throughcorporate philanthropy volunteering,
giving, and access programs

117

HONG KONG

cities reached globally

183,537
hours of service volunteered

Employee volunteers helped address
important needs in communities aroundthe world.

LONDONJOHANNESBURGMAPPING IMPACT

Expandingthe Reach of
our Corporate
Philanthropy
Across 117 cities in
2023, Bloomberg
employees participatedin a wide and growing
range of philanthropic
programming with our
local nonprofit partners
around the world.
Participating Employees

Nonprofits Engaged

51%

increase since 201942%

increase since 20192023 BY THE NUMBERS

2,808,401

meals distributed to address food insecurity

NEW YORK CITY

79,949aid kits assembled for those in need

49,779mentoring experiences facilitated with students
BRUSSELS
63

Bloomberg employees in Mexico City (left) and London (right) volunteered to help those in need, building
sustainable living spaces, preparing meals, and more.

RESPONDING TO
NEEDS AROUND
THE WORLD
With offices in cities around the world,
Bloomberg takes action at the local level tosupport underserved communities and people
in need, drawing on the time and talents of
employees globally.

pressing environmental challenges. Leveraging
the expertise of our employees and network,
we hosted workshops for the 2023 finalists, ledprogramming for 120 young climate leaders,and hosted events with our cultural partners.
Mike Bloomberg serves as Global Advisor to thewinners of the Prize.

Responding to the needs of expanding refugee
and migrant worker populations, employees
provided career readiness coaching for migrant
workers in Singapore, offered pro bono support
to help asylum-seekers in New York City apply for
In 2023, to help address growing global foodwork, and joined a partnership to mentor Hispanic
insecurity, Bloomberg delivered more than 2.8
refugees and support them as they enter the U.S.
million meals for residents in need across more
workforce. Additionally, we partnered with a range
than 35 cities. In the month of October alone, ourof nonprofits supporting migrants and refugees
Million Meals Challenge brought together morewith language classes, cultural experiences,than 2,500 employees to package and distributementorship, and more to help them integrate andover 1.1 million meals.
succeed in their new communities.
Employees also came together as part ofBloomberg’s efforts to tackle another global
challenge: the climate crisis. In 2023, employees
volunteered more than 18,000 hours partneringwith environmental nonprofits, planting trees,and protecting and improving local green
spaces, including the Seine in Paris, mangrovesin Dubai, and beaches in Tokyo. In Singapore
in November 2023, we also partnered with The
Earthshot Prize to announce the latest winners,
recognizing promising solutions to our most64

When natural disasters struck, such as earthquakes
in Turkey, Syria, and Morocco, wildfires in Hawaii,
and hurricane damage in Mexico, Bloomberg
employees assembled disaster relief kits andcontributed to nonprofit partners working on the
ground. We also continue to support humanitarianrelief efforts in Ukraine and in Israel and Gaza.
Over the course of 2023, employees packed
nearly 80,000 aid kits and contributed more than
$13.6 million to support our nonprofit partners
through our matching program.

WORKING TO CREATEAN INCLUSIVEECONOMYIn 2023, we expanded our Women in Financeprogram to Mumbai, where employees mentored
young women interested in finance careers.

Students in New York City learned from Bloomberg
employees about careers in finance.

Building on Bloomberg’s legacy of advancing
accessible and transparent financial markets,
we work with a network of nonprofits to help
tackle economic inequality and improve social
mobility. Our work provides underrepresented
entrepreneurs and small businesses withresources and guidance, helps connect
underserved students with education andcareer opportunities, and works to support thenext generation of women leaders in business,finance, and tech.
In 2023, employees participated in nearly
50,000 mentoring sessions to engage andsupport students from high-achieving, lowincome backgrounds. We also expanded ourefforts to connect young women interested
in finance careers with mentors and learning
opportunities, growing our work in New York
City, Los Angeles, San Francisco, and Europe,and launching new work in Singapore, Tokyo,
and Mumbai.

In London, Bloomberg
participated in a
program to offer
university students
paid work experienceand the chance toexplore a career innews and finance.

65

Bloomberg employees volunteered as part of a two-week Kode with Klossy bootcamp to teach young womenand nonbinary teens coding skills.

SHARING SKILLS AND
INCREASING ACCESSTO TECHNOLOGYAs a data and technology company,
Bloomberg knows firsthand that digitaland technical skills can help solve complex
problems — and expand opportunities foreveryone. Employees regularly volunteer theirtime and expertise to teach underrepresented
students coding, data science, and othertechnical skills that will help them succeed in
the workforce.
In 2023, we worked with partners in São
Paulo, Singapore, and Tokyo to offer Python
workshops that equipped students within-demand coding skills taught by expert
66

employees. In New York City, we supported
a two-week Kode with Klossy bootcamp
to teach coding and data science skills,
and we expanded our partnership with
FIRST Robotics to help local high school
students learn new coding skills andpractice the fundamentals of programmingand operating robotics — culminating ina robot-building competition. More than
100 Bloomberg engineers volunteered
over 2,000 hours mentoring and leading
workshops for roughly 600 students in the
robotics program.
Through Bloomberg’s FOSS (Free andOpen Source Software) Contributor Fund,
Bloomberg employees nominated andvoted to provide grants to 12 open source
software projects, sustaining critical tech
infrastructure that is important to Bloomberg
and billions of people around the world.

HIGHLIGHTINGNEW AND DIVERSEVOICES IN NEWSAND MEDIA
Drawing on the expertise and experience of
employees in news and media, Bloomberg
leads a number of initiatives to support new
and diverse voices in journalism. Over thelast two decades, our program to advancebusiness and finance journalism has worked tostrengthen reporting on the world’s financial
markets and economies and increase diversity
in the field.
In New York and London, this work provided
a weeklong course led by Bloomberg
journalists for college students interested
in learning about business reporting andfinancial news, while in Mexico City we led abusiness journalism workshop for students
online and in person. In 11 cities acrossEurope, we also offered a program for morethan 2,000 students focused on news andmisinformation and how to counter its
spread online.
One of our largest programs in this area isthe Bloomberg Media Initiative Africa (BMIA),
which works to advance financial journalism
and transparency in Africa. Since 2015, it
has provided financial journalism training
for more than 800 promising and midcareer journalists from 16 countries. In 2023,
the initiative expanded to Francophone
West Africa for the first time, reaching 100
professionals in Senegal and Côte d’Ivoire.
This work and other programs are helping
a new generation of journalists strengthen
their skills in data analysis, capital markets,
public policy, and artificial intelligence andthe future of news.

In 2023, the Bloomberg Media Initiative Africa expanded to Senegal, where promising and mid-career journalists
in Dakar learned about business reporting and financial markets.

67

FOUNDER’S PROJECTSIMPROVINGLIVES ANDCOMMUNITIESThe Perelman Performing Arts
Center (PAC NYC), which opened
in September 2023 adjacentto the National September 11
Memorial & Museum in New
York City, is wrapped with nearly
5,000 marble tiles that allow lightin during the day and glow fromwithin during the evening.
68

Credit: Iwan Baan (left)

Bloomberg Philanthropies
supports unique efforts
to address issues thatfall outside of our coreprogram areas. Like
our other areas, theseFounder’s Projects emerge
from Mike Bloomberg‘spersonal experiences inbusiness, government,
and philanthropy.

69

ADDRESSING RACIALWEALTH EQUITY
For generations, systemic barriers to housing,education, and employment have impacted
the ability of Black people in the United States
to build wealth over time. Our Greenwood
Initiative is working to tackle this criticalissue by accelerating the pace of wealthaccumulation for Black individuals and families
and addressing systemic underinvestment inBlack communities.
In 2020, to help address racial healthdisparities and increase the number of Black
doctors, we made a major investment to
reduce the burden of debt for nearly 1,000
students at America’s four historically Black
medical schools: Charles R. Drew Universityof Medicine & Science; Howard University
College of Medicine; Meharry Medical
College; and Morehouse School of Medicine.
To date, 625 students have graduated, andour support cut their average medical school
debt by more than $80,000 and helped
increase the number who enter primary care
residencies, work in public hospitals, andserve underserved communities.

program we endowed to support a new, morediverse generation of scholars and researchersin science, technology, engineering, and math
(STEM) fields. It permanently funds students
from historically Black colleges and universities
and other minority-serving institutions topursue PhDs in STEM at Johns Hopkins. The
initiative, which will grow to support 100
students every year, now includes 35 scholars
over its first two cohorts.
The Greenwood Initiative also continues
to grow and strengthen the Black Wealth
Data Center and its Racial Wealth Equity
Database, which responds to a need forclear and accessible data on racial wealthdisparities to empower decision-makers anddrive policies and programs. The site brings
together a wide range of datasets broken
down by race and geography on topics likeeducation, employment, assets and debt, andhousing and business ownership. In 2023, wedeveloped the Black Wealth Indicators tool
as a dashboard for decision-makers to quickly
understand county-level data across 10 key
indicators of Black wealth.

Access the Black Wealth
Data Center site here74%

of medical school graduates
we supported chose
residency programs inunderserved communities

Dr. Jamil Joyner, a graduate we
supported from Morehouse School of
Medicine, is completing a residency inInternal Medicine.

Credit: Morehouse School of Medicine Marketing & Communications

In 2023, Johns Hopkins University welcomeda second cohort of Vivien Thomas Scholars, a

MAPPING IMPACT
Reducing Debt for Students at Historically Black Medical Schools
Our support has reduced the burden of debt for nearly 1,000 students at the four historicallyBlack medical schools in the United States, 625 of whom have now graduated — giving themmore opportunity to serve communities in need across the country.

Charles R. Drew Universityof Medicine & Science

60+

graduates serving
as medical residents
in 20+ communities

Howard University
College of Medicine

200+

graduates serving
as medical residents
in 60+ communities

Meharry Medical College

180+

graduates serving
as medical residents
in 80+ communities

Morehouse School of Medicine

150+

graduates serving
as medical residents
in 50+ communities

71

Democratic Republic of the Congo (DRC),PROMOTING
Tanzania, and globally. To date, our investments
enrolled more than 743,000 women in
WOMEN’S ECONOMIC havetraining programs and provided each withan individualized training plan, benefiting
INDEPENDENCE
more than 2.9 million of their children andBloomberg Philanthropies’ Women’s Economic
Development program supports partners who
promote market activities that create incomegenerating opportunities and bring womento economic independence. Since 2007, theprogram has provided women with training
and education in vocational tracks, fromagriculture and hospitality to brickmaking andconstruction, that are based on government
priorities and market assessments. Together
with our partners, including Women for
Women International, Sustainable Growers,
CARE International, Nest, the African Women
Entrepreneurship Cooperative, and Custom
Collaborative, we work in Rwanda, thefamily members. Our partners have also
built relationships with nearly 40 global retailpartners, including Target, Williams-Sonoma,
and Madewell, and connected women to local
and international markets.
In 2023, researchers at the Johns Hopkins
University School of Advanced International
Studies released an extensive independent
evaluation of the program, based on surveys
from more than 14,000 participants over the
decade following its inception. The study
concluded that an increase in income andassets also increased women’s decision-making
power. Graduates recorded greater earnings,
savings, and assets 10 years post graduation,

Our Women‘s Economic Development program has supported women through income-generating activities like basket
weaving (left), coffee farming (bottom right), and many more. At Question Coffee Café during COP28, Mike Bloomberg
and Dr. Samia Suluhu Hassan, President of Tanzania, enjoyed coffee and tea produced by women in the program.

743,000 2.9M
women enrolled in training
programs we support

Read the evaluationof our program herefamily members benefiting fromincome-generating activities

including a two-fold increase in savings in
Rwanda and a 40 percent increase in the
DRC — while also boosting their social andpolitical engagement. It also found that the
program’s model was sustainable, scalable,
and has the potential to be replicatedsuccessfully in other countries.
The program earned further recognition at
the UN’s COP28 conference in Dubai, whichfeatured products from Question Coffee,
a social enterprise that sells coffee and tea
cultivated sustainably by women farmers wehave supported in Rwanda and Tanzania.
The profits from Question Coffee, which hasconnected nearly 60,000 women farmers
with international markets, fund additional
training programs for more women inthese countries. There are now permanent
locations in Dubai, Rwanda, and at the Johns
Hopkins University Bloomberg Center in
Washington, D.C.

Vanessa Robinson (center left), a master weaver
from South Carolina, and Sarah Mutesi (centerright), a master weaver from Rwanda, joined
Bloomberg Philanthropies leaders at a screeningof the short film.

SPOTLIGHT
Hands to Heritage

Credit: Clay Enos

In 2023, we released a short film abouta program we created that brings
together master basket weavers fromSouth Carolina and Rwanda througha series of workshops to exchange
stories, share skills passed downover generations, and promote theireconomic development. Baskets
they wove, representing peace andreconciliation in the face of historicalinjustice, are now permanently
exhibited at the Charleston
International Airport. Our film about
this work has been viewed nearly
250,000 times across 10 countries.
Watch our Hands toHeritage short film here73

Mike Bloomberg joined leaders involved with the Perelman
Performing Arts Center and elected officials, including
Governor Kathy Hochul and Mayor Eric Adams (below), to
officially open the center, located alongside the 9/11 Memorial(above) in Lower Manhattan. PAC NYC is home to innovative
performances (bottom right) and a vibrant new restaurant,
Metropolis (top right) by chef Marcus Samuelsson.

74Credit: The Oath choreographed by Annie-B Parson, as a part of THE MARCH
by Big Dance Theater. Photo: Whitney Browne (bottom right)

REBUILDING AT
THE WORLD TRADECENTER
Elected mayor just weeks after the attacks of
September 11, 2001, Mike Bloomberg led New
York City through the aftermath and worked
to rebuild the World Trade Center site andrevitalize Lower Manhattan. Today, he chairs
the boards of two institutions that anchor thesite: the National September 11 Memorial &Museum and the Perelman Performing Arts
Center (PAC NYC).

they opened. The Memorial & Museum honors
thousands of victims and recovery workers
and preserves their stories for young people
and future generations with no memory of
the attacks. The institution’s educational
programming has reached nearly four million
students, educators, and other audiences.

In September 2023, the Perelman Performing
Arts Center (PAC NYC) officially opened. The
master plan for rebuilding the World Trade
Center site included an arts center from thevery beginning, and PAC NYC is the final
piece of that vision to come to life. Designedwith highly flexible and innovative theater
spaces, PAC NYC fills an unmet need in Lower
Manhattan as the first major performing arts
The National September 11 Memorial & Museum
venue below 42nd Street. PAC NYC’s inauguralis one of the most visited sites in New Yorkseason showcased a wide array of performing
City, with 74 million visitors to the memorial
arts, including theater, dance, music, comedy,and 23 million visitors to the museum sincechamber opera, and more.
75

STRENGTHENINGJOHNS HOPKINSUNIVERSITY
Mike Bloomberg began his longstanding
commitment to his alma mater, Johns Hopkins
University, in 1964 with a $5 donation. Since
then, we have supported research, capitalprojects, endowed professorships, and a wide
range of scholarships — including a historic$1.8 billion gift in 2018 that made Johns
Hopkins need-blind for undergraduates inperpetuity, and an additional major gift in
2024 to increase financial aid for graduate
students in the schools of medicine, nursing,and public health, as well as other graduate
schools across the university.
Since going need-blind, the university has
welcomed undergraduate classes that areamong the most competitive in the UnitedStates while also increasing the number oflower-income students who attend by 40
percent. In 2023, it was also named a top
producer of Fulbright Scholars for the 14th
consecutive year.
Johns Hopkins continues to build on its
legacy as the nation’s first research university,
pioneering important advances in publichealth, cancer detection and treatment,
astronomy and space exploration, artificial
intelligence, and many other areas. For morethan 40 years, the university has been thenational leader in securing federal researchfunding, totaling a record-breaking $3.4
billion in the latest fiscal year. Bloomberg
Philanthropies’ support has also helped
make the Bloomberg School of Public Healtha leading force in public health research,
and we have long supported the Charlotte
R. Bloomberg Children’s Center, the Johns
Hopkins Malaria Research Institute, and theBloomberg~Kimmel Institute for Cancer
Immunotherapy. The interdisciplinary
76

Bloomberg Distinguished Professors program,which aims to bridge academic divides andinspire new ideas to address the most complex
challenges, has endowed 130 prestigious
professorships with appointments in at least
two of the university’s schools.
In 2023, we helped to create and open a new
campus in Washington, D.C., bringing 12 of
the university’s divisions in the nation’s capital
together under one roof. The new Johns
Hopkins University Bloomberg Center at 555
Pennsylvania Avenue, formerly home to theNewseum, has become a convening space forleaders, scholars, and students focused on
critical domestic and global issues.
Johns Hopkins also serves as an expert
partner on many of Bloomberg Philanthropies’
initiatives, including our efforts to reduce global
tobacco use, improve city data use, and more.
The new Johns Hopkins University Bloomberg Center(top) is located at the heart of Pennsylvania Avenue
in Washington, D.C. The university’s home campus
in Baltimore, MD (right) is a center for cutting-edge
research and learning on the world’s greatest challenges.

S
 POTLIGHT: BLOOMBERGDISTINGUISHED PROFESSORS
Alexander Szalay, PhD

Credit: Johns Hopkins University

With joint appointments in the
Departments of Physics & Astronomy
and Computer Science, Dr. Szalay
collaborated with Dr. Janis Taubefrom the Kimmel Cancer Center tocreate AstroPath — a platform that uses
techniques developed for mapping
the sky to map tumor specimens andidentify markers for growth, resistance totreatment, and other key indicators thatcan guide immunotherapy.
Rama Chellappa, PhD, andChristopher Chute, MD, DrPH
Dr. Chellappa and Dr. Chute, together
with other Hopkins professors, wereawarded a major National Institutes of
Health grant to lead efforts to develop
and implement artificial intelligenceprojects that help improve healthoutcomes and care for older Americans.

PARTNERINGWITH BALTIMORE
Beyond the Johns Hopkins campus, Bloomberg
Philanthropies partners on a wide range ofinitiatives across Baltimore that aim to makethe city an even better place to live, learn, andwork. In 2023, we supported more than 100
local nonprofits and programs focused on city
priorities, from advancing educational andemployment outcomes for youth, to reducing
food insecurity and housing instability, tocreating greener public spaces.
In partnership with the mayor’s office, wecreated an innovation team in City Hall
composed of experts in data analysis, design,and project management. The team, which
we launched in 2017 and expanded in 2023,
is focused on improving public safety andaddressing vacant housing, building on its
previous work to strengthen city services. We
have also provided internships for students
at local cultural organizations through the
Bloomberg Arts Internship program andsupported career and technical education forrecent high school graduates in high-demand
fields such as healthcare, construction, andinformation technology. And in 2023, the city
was named one of eight winners of our latest

We partner with nonprofits HeartSmiles and Urban Allianceto provide Baltimore teens with year-round professional
development and employment opportunities. Participants
visited Bloomberg’s headquarters in New York City andcontributed to community service projects alongside
HeartSmiles’ founder and president, Joni Holifield.

Public Art Challenge, bringing together
residents, local artists, and city leaders on a
project to revitalize Baltimore’s Station North
Arts District through artistic light installations
and programming.
Beginning in 2017, we joined Goldman
Sachs to expand its 10,000 Small Businesses
program to the Baltimore area, which hasreached over 600 entrepreneurs representing
approximately 9,300 jobs and $670 million
in annual revenue. Following the collapse of
the Francis Scott Key Bridge, the programprovided local businesses affected by thetragedy with technical assistance to apply for
emergency loans and other resources.

In Baltimore, MD, Mike Bloomberg joined Governor Wes Moore, Mayor Brandon Scott, and Goldman Sachs CEO
David Solomon to recognize the latest graduating class of entrepreneurs in the 10,000 Small Businesses program.

78

In recognition of National Gun Violence Awareness Day in 2023, Everytown volunteers in
Los Angeles, CA, came together to call for common-sense reforms to end gun violence.

Credit: Everytown for Gun Safety

FIGHTING FOR GUN
SAFETY REFORMS
During his time in City Hall, Mike Bloomberg
cofounded a coalition of mayors to advocate
for gun safety laws, called Mayors Against
Illegal Guns, which joined forces withgrassroots group Moms Demand Action
in 2014 to form Everytown for Gun Safety.
Everytown is the largest gun violence
prevention organization in the United States,with more than 10 million supporters and a
network of over 2,000 current and former
mayors, 1,500 gun violence survivors, andmore than 800 Students Demand Action
volunteer groups. In 2023, in addition to
advocating for action at the national level,
we also helped pass 80 gun safety policies
across the United States. We have helped
ensure that 21 states and D.C. now havebackground check requirements and
28 states and D.C. prohibit domestic
abusers from possessing firearms.

SPOTLIGHT
Demand A Seat
During the 2023 election cycle,
Everytown’s program to recruit, train, andsupport volunteers to run for office, called
Demand A Seat, played a critical role inestablishing a pro-gun safety majority in
Virginia’s state House of Delegates. To
date, 250 volunteers have been elected
to public office, ranging from local schoolboards to Congress, and we expect morethan 500 Everytown volunteers to be on
the ballot in the 2024 election cycle.

79

SUPPORTING
INSTITUTIONSIN LONDON
Located in London’s historic Kensington
Gardens, Serpentine is a world-renowned,
nonprofit art institution with pioneering
exhibitions of established and emerging
artists, architects, and designers, and a
reputation for innovation and pushing new
boundaries in the arts. Each year Serpentine
attracts as many as 1.2 million visitors andis consistently ranked among the 100 mostvisited museums in the world. Mike Bloomberg
has personally been involved for decades,
including chairing the board since 2014, andBloomberg Philanthropies’ support has helped
fund priorities to strengthen the organization
for years to come. That includes bringing
extraordinary content from Serpentine to global
audiences through our Bloomberg Connects
app, and supporting an artist-in-residence
program to deliver networking and support
sessions for artists in six cities globally.

SPOTLIGHT
London Mithraeum Bloomberg SPACE
Bloomberg L.P.’s European headquarters
in London is home to an award-winningcultural institution: London Mithraeum
Bloomberg SPACE. Free and open to
the public, it includes a remarkable arrayof historical artifacts discovered during
the building’s construction, as well asa rotating series of contemporary art
commissions inspired by the archaeologyof the site. In 2023, it hosted Albion
Waves by Oliver Beer (below) and The
Pavilion by Pamela Phatsimo Sunstrum.
Since its opening in 2017, London
Mithraeum Bloomberg SPACE has
welcomed more than 500,000 visitors.

Credit: Serpentine Pavilion 2023 © Lina Ghotmeh — Architecture.
Photo: Iwan Baan, Courtesy: Serpentine. (left)

In 2023, the annual
Serpentine Pavilion was
designed by architect
Lina Ghotmeh.

80

bloomberg.org

Founder
Michael R. Bloomberg

Board of Directors
Dr. Tenley E. Albright

Mellody Hobson

Honorable Sam Nunn

Emma Bloomberg

Robert A. Iger

Samuel J. PalmisanoGeorgina Bloomberg

Walter Isaacson

Ruth Porat

Geoffrey Canada

Maya Lin

Mark Carney

John J. Mack

Secretary Henry “Hank” M.
Paulson, Jr.

Kenneth I. Chenault

The Reverend Joseph M.
McShane, S.J.

Dr. Alfred Sommer

Admiral Michael G. Mullen,
USN (Ret.)

Anne M. Tatlock

Manny Diaz
Daniel L. Doctoroff
Patricia E. Harris

Sir Martin Sorrell
Dennis M. Walcott

Jamie Niven

Bloomberg Philanthropies works to ensure better,longer lives for the greatest number of people.
Our 2023–2024 Annual Report covers a snapshotof our impact across 700 cities and 150 countries.
To learn more and stay up-to-date on our latest
progress, visit bloomberg.org and follow us onsocial media.

@BloombergDotOrg

Scan the QR code
to read the report online@BloombergAssoc©Bloomberg Philanthropies Support LLC 2024. All rights reserved May 2024.
Note: No foundation funds are used for lobbying.

OUR UNIQUE
APPROACH
Globally, Bloomberg Philanthropies identifies
pressing challenges, convenes expert partners,
and tests and implements solutions that saveand improve lives — such as the drowning
prevention work we have led in Bangladesh,featured on the cover of this year’s report.
Our approach is grounded in Mike Bloomberg’s
experience in business, government, andphilanthropy, and it guides all of our work:
Look for unmet needs that can be addressedwith proven solutions
Remain flexible to invest boldly and quickly
to maximize our impact
Rely on data and continually measure results
Identify and engage strong partners
Focus on cities to drive progress
Lead from the front and do not hesitate toaddress controversial issues
Utilize advocacy to accelerate change

Bloomberg Philanthropies Annual Report 2023–24
bloomberg.org