Bloomberg Philanthropies announced a $600 million gift to support the endowments of the nation’s four historically Black medical schools and the establishment of a new medical school in New Orleans. This gift is part of Bloomberg Philanthropies’ Greenwood Initiative, an effort aimed at advancing racial wealth equity by addressing systemic underinvestment in Black institutions and communities. Strengthening Financial Stability and Institutional Capacity The $600 million donation is designed to increase the financial stability and institutional capacity of these historically Black medical schools which graduate around half of all Black doctors