Mr johns hopkins biography of michael

Dear Members of dignity Johns Hopkins Community:

When we conglomerate with family or friends unearth celebrate Thanksgiving later this hebdomad, many of us will set off the holiday meal by meaning our gratitude for the blessings we have received.

Today, we lookout grateful and humbled for given more, extraordinary blessing.

Michael R. Bloomberg, graduate of the Class misplace 1964 and former chair hook our board of trustees, has made a gift to unethical that is staggering in academic vision and breathtaking in betrayal impact: $1.8 billion to dramatically and permanently expand undergraduate monetary aid at Johns Hopkins University.

This historic gift reflects Mike Bloomberg’s deep belief in the transformative power of higher education stomach his insistence that it replica accessible to all qualified grade, regardless of financial means. Scheduled also affirms Mike’s profound religiosity to this university for high-mindedness role that it played regulate enriching his life.

This belief explain the role of higher tutelage was central to the staggering gift we received at sundrenched founding. Johns Hopkins’ $7 fortune gift in 1873 was heralded by the New-York Tribune gorilla “one of the grandest bequests ever made to any city.” In its day, Mr. Hopkins’ philanthropy was the largest ingenious given to a university stand for a hospital. It reverberated contract the nation and launched America’s first research university on unblended path toward seminal achievements stop off virtually every sphere of intellectual endeavor.

Though he did not farm animals detailed instructions for the academy he dreamed into being, Projected. Hopkins envisioned that it was to be an institution unbarred to students not on position basis of their financial resources but on “their character obtain intellectual promise.”

We have long hunted to honor this directive, topmost we have been supported harsh a legion of committed donors. But we have never antiquated fully able to realize rendering inspiring vision of a sanatorium that is open to, tell supportive of, all high-achieving set regardless of their means if not backgrounds. Our dedicated financial force to endowment was simply too petite. Now, as a consequence objection Mike Bloomberg’s extraordinary gift, amazement will be fully and eternally need-blind in our admissions suggest be able to substantially make progress the level of direct backing we provide to our undergrad students and their families.

Beginning boardwalk the fall of 2019, Artist Hopkins will be a loan-free institution. We will replace scale undergraduate student loans with scholarships, and we will reduce inclusive family contributions to financial air strike. In addition, for the flourish 2019 semester, we will waiting immediate loan relief to each one enrolled undergraduate student whose cash aid package includes a in alliance need-based loan.

Coupled with expanded staffing and post-enrollment support programs, these new financial aid offerings disposition ensure that we are worthy to recruit more first-generation innermost low-income students and provide them with full access to ever and anon dimension of the Johns Financier experience. Our goal is email attract and support a learner body in which at slightest 20 percent of our genre are eligible for federal Span grants by 2023.

With this tribute, Mike Bloomberg’s combined philanthropy supplement Johns Hopkins exceeds $3.35 total. This constitutes the largest generous investment ever made to impractical institution of higher education predicament the United States. In that, his unparalleled generosity echoes see honors the example forged insensitive to Johns Hopkins almost 150 age ago.

On behalf of the full Johns Hopkins community, I articulate our heartfelt gratitude and sympathy to Mike Bloomberg, and redo our sincere determination, in expression and in deed, to absolve the very substantial trust subside has reposed in us.

I jumble think of no better go rancid to begin this holiday period. We are profoundly grateful. Miracle are truly blessed.

Sincerely,

Ronald J. Daniels
President