4 Historically Black medical schools receive historic $600m donation

In a monumental move to address the underrepresentation of Black physicians in the United States, Bloomberg Philanthropies has announced a $600 million donation to the endowments of four historically Black medical schools. Officials said the donation is part of Bloomberg Philanthropies’ Greenwood Initiative, which aims to advance racial wealth equity and address systemic underinvestment in Black institutions and communities.Howard University College of Medicine, Meharry Medical College, and Morehouse School of Medicine will each receive $175 million, while Charles R. Drew University of Medicine Science will receive $75 million. Additionally, Bloomberg said $5 million in seed funding will support creating a new historically Black medical school in New Orleans, the Xavier Ochsner College of Medicine. The historic investment will more than double the endowments of three medical schools, significantly boosting their financial stability and capacity to educate future Black physicians.A recent study highlighted the need for such support, revealing that only 5.7% of U.S. physicians identify as Black or African American. This is despite Black Americans comprising 13% of the population. According to research, treating black patients by black doctors results in better health outcomes and more frequent medical care. For instance, Black patients are 34% more likely to receive preventative...