Former New York City Mayor Michael Bloomberg is donating $100 million to the nation's four historically Black medical schools to help ease the student debt burden for the next generation of Black physicians.
The billionaire's charity, Bloomberg Philanthropies, announced the donation on Thursday as part of Bloomberg's Greenwood Initiative, which was created earlier this year to help address economic justice issues that have affected Black Americans since the abolition of slavery.The funds will be distributed to Howard University's College of Medicine in Washington, the Morehouse School of Medicine in Atlanta, Meharry Medical College in Nashville and the Charles R.
While the average White med student comes from a household that earns $175,000 or more, Hildreth said the average Black med student comes from a family with household incomes of $75,000 or less."There's a huge difference in the amount of support the families can provide," he added.Research also shows Black patients enjoy better overall health outcomes when they are treated by Black doctors.
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