Michael Bloomberg gives $600 million to four Black medical schools’ endowments
HBCU medical schools just received $600 million from Bloomberg Philanthropies, with Howard, Meharry, and Morehouse each getting $175 million and Charles R. Drew receiving $75 million. The gift will more than double the endowments at three of the four schools, giving them the kind of long-term, flexible funding that lets institutions plan decades ahead — recruiting faculty, expanding class sizes, and offering scholarships without leaning so hard on tuition. An additional $5 million supports a new medical school launching at Xavier University of Louisiana with Ochsner Health. Black Americans make up roughly 13% of the U.S. population but less than 6% of practicing physicians, and research consistently links Black doctors to better outcomes for Black patients. Training more of them is one of the clearest paths toward closing that gap.









