The Bloomberg Family Foundation Inc
The Bloomberg Family Foundation Inc, operating as Bloomberg Philanthropies, is a private foundation based in New York City. Established in 2006 by Michael R. "Mike" Bloomberg, the former Mayor of New York City, the foundation concentrates philanthropic efforts on areas of particular interest to its founder, including public health, medical research, and broader social impact initiatives. The foundation is part of Bloomberg Philanthropies, which encompasses all of Michael R. Bloomberg's charitable activities, including both foundation and personal giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.1B
+2.6% YoY
Annual Giving
$1.0B
+1.1% YoY
Grant Count
203
-6.0% YoY
Avg Grant Size
$5.0M
+7.5% YoY
Mission & Focus Areas
The foundation's mission is to ensure better, longer lives for the greatest number of people. The organization focuses on five key areas for creating lasting change:
- Public Health
- Environment
- Education
- Government Innovation
- The Arts
In addition to these core focus areas, Bloomberg Philanthropies undertakes founder's projects that reflect Michael Bloomberg's special interests. These have included support for the Johns Hopkins Hospital Charlotte R. Bloomberg Children's Center and investments in Africa focused on advancing women and their families in post-conflict regions through educational and vocational training, job creation, and market access expansion.
The foundation also provides technical assistance and advisory services to help other charities fulfill their missions, engaging specialists with subject-matter expertise to assist with programmatic projects and providing support to municipalities and governments in carrying out their public purposes.
Grantmaking
The foundation made 216 grants in its most recent reporting year. Grant sizes vary considerably, with typical awards ranging from $2,885 to $351,438,259. The foundation's grantmaking focuses on education, philanthropy, voluntarism and grantmaking, and human services, primarily in New York, the District of Columbia, and Maryland.
Grant Range
s vary considerably, with typical awards ranging from $2,885 to $351,438,259. The foundation's grantmaking focuses on education, philanthropy, voluntarism and grantmaking, and human services, primarily in New York, the District of Columbia, and Maryland.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily concentrated in New York, the District of Columbia, and Maryland, though its founder's projects extend internationally, particularly to Africa.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $12,117,236,821 (as of 2024)
Total Annual Giving: $1,016,737,000 (2024)
Total Revenue: $1,642,529,594 (2024)
Total Expenses: $1,509,929,162 (2024)
The foundation maintains substantial financial resources, reflecting Michael Bloomberg's significant wealth and his commitment to The Giving Pledge, through which he has pledged to give away at least half of his wealth to philanthropy.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,117,236,821 | $11,808,358,665 | $11,529,721,546 |
| Revenue | $1,642,529,594 | $1,514,801,871 | $1,721,399,047 |
| Expenses | $1,509,929,162 | $1,431,675,458 | $1,273,232,535 |
| Qualifying Distributions | $1,473,990,509 | $1,423,427,842 | $1,247,955,241 |
| Net Investment Income | $597,630,528 | $313,169,046 | $238,023,245 |
| Distributable Amount | $569,321,593 | $542,972,061 | $574,322,220 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
3 open opportunities from The Bloomberg Family Foundation Inc
Asphalt Art Initiative Grant Program
THE BLOOMBERG FAMILY FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Bloomberg Green Docs Contest Grant
THE BLOOMBERG FAMILY FOUNDATION INC
Amount
US $25,000
Deadline
Rolling / Open
Bloomberg Public Art Challenge
THE BLOOMBERG FAMILY FOUNDATION INC
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Founder & Key Funder: Michael R. "Mike" Bloomberg, founder and 88 percent owner of Bloomberg L.P., a financial software services company
Chief Executive Officer: Patti Harris
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALFRED SOMMER | DIRECTOR | 0.58 | $12,900 |
| ANNE TATLOCK | DIRECTOR | 0.58 | $12,900 |
| DANIEL L DOCTOROFF | DIRECTOR | 0.58 | $12,900 |
| DENNIS M WALCOTT | DIRECTOR | 0.58 | $12,900 |
| EMMA BLOOMBERG | DIRECTOR | 0.58 | $12,900 |
| GEOFFREY CANADA | DIRECTOR | 0.58 | $12,900 |
| GEORGINA BLOOMBERG | DIRECTOR | 0.58 | $12,900 |
| HENRY MERRITT PAULSON JR | DIRECTOR | 0.58 | $12,900 |
| JAMES G NIVEN | DIRECTOR | 0.58 | $12,900 |
| JOHN J MACK | DIRECTOR | 0.58 | $12,900 |
| KENNETH I CHENAULT | DIRECTOR | 0.58 | $12,900 |
| MANUEL A DIAZ | DIRECTOR | 0.58 | $12,900 |
| MARK CARNEY | DIRECTOR | 0.58 | — |
| MARTIN SORRELL | DIRECTOR | 0.58 | $12,900 |
| MAYA LIN | DIRECTOR | 0.58 | $12,900 |
| MELLODY HOBSON | DIRECTOR | 0.58 | $12,900 |
| MICHAEL G MULLEN | DIRECTOR | 0.58 | $12,900 |
| PATRICIA E HARRIS | CEO, CAO & DIRECTOR | 40 | $12,900 |
| REVERAND JOSEPH M MCSHANE | DIRECTOR | 0.58 | — |
| ROBERT A IGER | DIRECTOR | 0.58 | $12,900 |
| RUTH PORAT | DIRECTOR | 0.58 | $12,900 |
| SAM NUNN | DIRECTOR | 0.58 | $12,900 |
| SAMUEL J PALMISANO | DIRECTOR | 0.58 | — |
| TENLEY ALBRIGHT | DIRECTOR | 0.58 | $12,900 |
| WALTER ISAACSON | DIRECTOR | 0.58 | $12,900 |
Recent News & Activity
Recent developments and announcements
The foundation has announced several major grants and initiatives in recent years:
A **$1 billion award to Johns Hopkins University** for medical school expansion and advancement
Partnership with the Ford Foundation and JPB Foundation on a **$1.2 million grant to the Fresh Air Fund** supporting New York City Summer Spaces and Youth Employment Programs
Bloomberg Family Foundation Inc - Full Filing - Nonprofit ExplorerA **$20 million joint commitment with City Fund** to transform public education through partnerships between Historically Black Colleges and Universities and charter schools
City Fund and Bloomberg Philanthropies Commit $20 Million to Transform PublicSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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