Dividing the Bloomberg Donation Allows a Lot to Go a Long Way Dennis O'Shea ---------------------------------- Homewood News and Information Michael Bloomberg says the reason for splitting his record $55 million gift to Johns Hopkins nine ways is simple: "Universities require all the parts." Bloomberg, owner of Bloomberg Financial Markets, is a 1964 electrical engineering graduate. He has previously given the university $8 million, mostly for Arts and Sciences, but said this time he wants all eight academic divisions and the Eisenhower Library to benefit from his gift. The shares for four schools--Public Health, Engineering, Peabody and Continuing Studies--represent in each case one of their three largest private gifts ever. Of the total, 80 percent, or $44 million, will go into endowment. That's the primary focus of the $900 million Johns Hopkins Initiative, the fund-raising campaign that Bloomberg chairs. The remaining $11 million is for capital projects, both at Homewood and in East Baltimore. Some of the gift will be used as challenges, essentially an offer by Bloomberg to match the contributions of other donors to Hopkins. It is now being decided which divisions will use their share this way, said Robert R. Lindgren, vice president for development and alumni relations. Challenges from other donors are already under way in Arts and Sciences and at the Milton S. Eisenhower Library. Bloomberg is donating $20 million to the School of Hygiene and Public Health and $15 million to the Whiting School of Engineering, both for endowment and both the largest gifts in the schools' histories. Another $4 million goes to the endowment of the Nitze School for Advanced International Studies, with an additional $500,000 each earmarked for the Bologna and Nanjing centers. Additional endowment gifts: The Peabody Institute receives $2 million, equaling the second-largest private gift in its history. The School of Continuing Studies receives $1 million, its third-largest donation, and the Eisenhower Library also receives $1 million. Johns Hopkins Medicine will receive $5 million, bringing its campaign to build a new cancer treatment center and a cancer research building within about $15.5 million of its $91 million goal for private gifts. There has also been considerable support from the state of Maryland for the $147 million projects, and the university and health system are seeking more. The School of Nursing will receive $1 million toward its new building. Bloomberg designated $4 million for a student arts center and $1 million for a recreation center, both at Homewood, benefiting primarily students in the School of Arts and Sciences and School of Engineering. ----------------------------------- How Bloomberg's $55 million gift will be divided ----------------------------------- Endowment--$44 million Capital projects--$11 million School of Hygiene and Public Health--$20 million Whiting School of Engineering--$15 million Nitze School of Advanced International Studies--$4 million Bologna Center--$500,000 Nanjing Center--$500,000 Peabody Institute--$2 million School of Continuing Studies--$1 million The Milton S. Eisenhower Library--$1 million Johns Hopkins Medicine--$5 million School of Nursing--$1 million Homewood-based student arts center--$4 million Homewood-based recreation center--$1 million