Former New York Mayor Gives $1.8 Billion to Johns Hopkins University
Former New York City Mayor Michael Bloomberg announced he is donating $1.8 billion to his former school, Johns Hopkins University on Sunday.
Bloomberg said he is doing so to increase financial aid for low- and middle-income students at the university in Baltimore, Maryland.
The Chronicle of Higher Education says it is the largest financial gift ever to any education institution in the world.
The largest donation to higher education had been a gift from the Bill & Melinda Gates Foundation. In 1999, the private organization launched the Gates Millennium Scholars program with a $1 billion commitment over 20 years.
The next largest donation listed went to Vedanta University in Konark, India. The Anil Agarwal Foundation spent about $1 billion to help establish the school in 2006.
What will Hopkins do with the gift?
Johns Hopkins representatives said the gift will make it possible for the school to remove student loans as part of its financial aid offerings starting next fall. Instead, the university will offer students scholarships that do not have to be repaid.
University President Ronald Daniels called the gift "unprecedented and transformative." He said Bloomberg's donation will let the school permanently follow "need-blind admissions" policy. Being need blind means Johns Hopkins will admit the best students, regardless of their ability to pay for their education.
Daniels noted that the school was established in 1876 by a $7 million gift from Baltimore businessman Johns Hopkins. At the time, that gift was the largest of its kind.
Bloomberg said he expects the money will permit Hopkins to offer larger scholarships and reduce debt for students.
He said in a statement, "America is at its best when we reward people based on the quality of their work, not the size of their pocketbook. Denying students entry to a college based on their ability to pay undermines equal opportunity."
Bloomberg completed his study at Hopkins in 1964. He paid for his study with a student loan and a job at the school.
At the age of 76, Bloomberg is one of the world's wealthiest people. He created the international finance service and media company, Bloomberg. He also served as New York mayor from 2002 to 2013 and has considered running for president for years. This includes in 2020.
I'm -Jonathan Evans.
1.financial aid 财政援助
Stocks in Portugal slumped yesterday on worries that the nation was being pressured to request financial aid.
2.run for 竞选；匆匆做某事
Each group selected candidates to run for president and vice-president.
3.based on 基于
Each of us expresses goals based on our center.
4.finance service 金融服务
Logistics finance service is the creative integration of logistics and finance .
5.Johns Hopkins representatives said the gift will make it possible for the school to remove student loans as part of its financial aid offerings starting next fall.
make it possible for 使...成为可能
They make it possible for doctors to perform complicated surgery to save lives.
Today's clever financial instruments make it possible for firms to hedge their risks.
6.Being need blind means Johns Hopkins will admit the best students, regardless of their ability to pay for their education.
regardless of 不管；不顾
Regardless of whether he is right or wrong, we have to abide by his decisions.
The fields give high and stable yields regardless of climatic circumstances.
《高等教育纪事报》表示， 这是全球教育机构有史以来获得的最大一笔财政捐款 。
此前，高等教育机构收到的最大一笔捐款来自比尔&梅琳达盖茨基金会 。1999年，该私营组织启动了盖茨千禧年学者计划，承诺在20年内投入10亿美元 。
排名第二的捐款捐给了印度科纳克的韦丹塔大学 。 2006年，阿尼阿塔瓦基金会出资约10亿美元帮助建立了这所学校 。
约翰霍普金斯大学的代表称，这笔捐款将使该校从明年秋天开始取消学生贷款的财政援助计划 。相反，学校还会向学生们提供无需偿还的奖学金 。
该校校长罗纳德·丹尼尔斯称，这份“厚礼”前所未有，也是具有“变革性的 。”他说，布隆伯格的捐款将会让学校永久遵守“不问家境的录取政策” 。“不问家境”意味着约翰霍普金斯大学将录取最优秀的学生，而无需考虑他们是否有能力支付学费 。
他在声明中表示：“当我们根据成绩而不是钱包来奖励学生时，美国才算处于最佳状态 。学生因自身支付学费的能力被拒门外破坏了平等的机会 。”
现年76岁的布隆伯格是世界上最富有的人之一 。他创建了国际金融服务及媒体公司彭博公司 。在2002年至2013年期间，他担任纽约市长，并且多年来一直在考虑竞选总统，包括于2020年参与总统竞选 。