Bloomberg donates millions to Black medical schools that were deliberately killed off by nation’s wealthy

by Blackmansstreet.today (TriceEdneyWire.com) —Billionaire Michael Bloomberg’s organization Bloomberg Philanthropies committed $600 million to the endowments of four historically Black medical schools to help secure their future economic stability after the closure of five Black medical schools more than a century ago as the result of a widely circulated report among the very wealthy pushed by the Carnegie Foundation, John D. Rockefeller, and J.P. Morgan. The Bloomberg gifts are among the largest private donations to any historically Black college or university, with $175 million each going to Howard University College of Medicine, Meharry Medical College, and Morehouse School of Medicine. Charles Drew University of Medicine & Science will receive $75 million, and Xavier University of Louisiana, which is opening a new medical school, will also receive a $5 million grant. Bloomberg announced the gifts during a meeting of The National Medical Association, an organization that advocates for African American physicians. Bloomberg, the former New York City mayor and billionaire founder of Bloomberg LP, pointed to the closure in the last century of five historically Black medical schools, despite the well-documented impact that Black doctors have on improving health outcomes for Black patients.& The National Medical Association represents more than 30,000 Black...