Michael Bloomberg's historic donations to Johns Hopkins University aim to eliminate medical students' debt and enhance healthcare quality. His philanthropy promotes diversity in medicine by supporting students from all backgrounds. Bloomberg's visionary gifts highlight the importance of investing in education and healthcare, inspiring potential systemic reforms.
Read MoreIn the last 25 years, the fundraising landscape has shifted from the tried-and-true 80/20 rule to a 95/5 model, where a small percentage of donors provide the majority of philanthropic dollars. This change created an unfortunate trend of nonprofits to pursuing mega-donors recklessly. Evidence as illustrated by Florida A&M University’s $240 million gift fiasco, which highlights the importance of due diligence even in the face of exciting opportunities.
Read MoreA good reminder from a little-known philanthropist who makes a mega-gift every year on their birthday.
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