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THE BLOOMBERG FAMILY FOUNDATION INC

NEW YORK, NY · EIN 205602483 · Form 990PF · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Very Large (>$50M)
revenue
$1.6B
expenses
$493.2M
net assets
$12.1B
employees
profile · synthesized from sources

Private foundation established by Michael R. Bloomberg that funds initiatives in public health, education, and climate change. Primarily supports nonprofit organizations and institutions through large-scale grants focused on measurable impact. Operates globally with a significant concentration in the United States.

named programs · 4 · from sources

What they call their work

Climate and Clean Energy
Supports clean energy and climate action through grants to Resources Legacy Fund, C40 Cities, and The Clean Air Fund
Education Advancement
Funds K-12 education improvement efforts, including charter school expansion through Charter School Growth Fund and Success Academy Charter Schools
Public Health Initiative
Supports programs addressing tobacco use, opioid crisis, and cardiovascular health through funding to organizations like Vital Strategies and Resolve to Save Lives
Urban Innovation
Supports city-focused policy and governance innovation, including funding for the Bloomberg Center for Cities at Harvard
activities · 7 groups

What they do

  • Climate Change Research and Advocacy Funding 2 activities
    • Funding clean energy initiatives through nonprofit partners
      Provides financial support to Resources Legacy Fund, C40 Cities Climate Leadership Group Inc, and The Clean Air Fund to advance clean energy and climate action programs.
    • Funding urban policy and city leadership through academic institutions
      Supports the Bloomberg Center for Cities at Harvard University to strengthen municipal governance and urban leadership.
  • Private K–12 School Support 1 activity
    • Funding K-12 education improvement via Charter School Growth Fund and Success Academy
      Funds Charter Fund Inc (dba Charter School Growth Fund) and Success Academy Charter Schools Inc to improve educational outcomes for K-12 students in the U.S.
  • Capital Infrastructure Funding 1 activity
    • Funding capital projects at the Museum of Science
      Supports capital improvements and infrastructure development at the Museum of Science through targeted grants.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding public health programs to combat opioid crisis and cardiovascular disease
      Funds Vital Strategies Inc to address the opioid epidemic and supports Resolve to Save Lives Inc to improve cardiovascular health in the U.S. and globally.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding research, scholarship, and facilities at Johns Hopkins University
      Funds research, scholarship, and infrastructure initiatives at Johns Hopkins University.
  • Fundraising for Community and Charitable Initiatives 1 activity
    • Funding tobacco use reduction efforts
      Finances Campaign for Tobacco-Free Kids to reduce youth and adult tobacco use through advocacy and public education campaigns.
  • Uncategorized 1 activity
    • Funding career and technical education programs
      Provides grants to Memorial Hermann Foundation to support career and technical education initiatives.
financials · form 990PF · fy2024
revenue
Total revenue$1.64B
Contributions & grants$902.52M55%
Program service revenue
Investment income$8.48M1%
Other revenue$488.96M
expenses
Total expenses$493.19M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$284K
Grants paid out$1.02B
balance sheet
Total assets$12.12B
Cash
Investments
Liabilities
Net assets$12.12B
2 years on record · 2020–2024 · YoY revenue +30.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 22
NameTitleHours/wkCompensation
ALFRED SOMMER DIRECTOR 1 $13K
ANNE TATLOCK DIRECTOR 1 $13K
DANIEL L DOCTOROFF DIRECTOR 1 $13K
DENNIS M WALCOTT DIRECTOR 1 $13K
EMMA BLOOMBERG DIRECTOR 1 $13K
GEOFFREY CANADA DIRECTOR 1 $13K
GEORGINA BLOOMBERG DIRECTOR 1 $13K
HENRY MERRITT PAULSON JR DIRECTOR 1 $13K
JAMES G NIVEN DIRECTOR 1 $13K
JOHN J MACK DIRECTOR 1 $13K
KENNETH I CHENAULT DIRECTOR 1 $13K
MANUEL A DIAZ DIRECTOR 1 $13K
MARTIN SORRELL DIRECTOR 1 $13K
MAYA LIN DIRECTOR 1 $13K
MELLODY HOBSON DIRECTOR 1 $13K
MICHAEL G MULLEN DIRECTOR 1 $13K
PATRICIA E HARRIS CEO, CAO & DIRECTOR 40 $13K
ROBERT A IGER DIRECTOR 1 $13K
RUTH PORAT DIRECTOR 1 $13K
SAM NUNN DIRECTOR 1 $13K
TENLEY ALBRIGHT DIRECTOR 1 $13K
WALTER ISAACSON DIRECTOR 1 $13K
board members · 3
  • MARK CARNEY — DIRECTOR
  • REVERAND JOSEPH M MCSHANE — DIRECTOR
  • SAMUEL J PALMISANO — DIRECTOR
relationships · 12

Who they work with

  • C40 CITIES CLIMATE LEADERSHIP GROUP INC Partner — Receives funding to support clean energy initiatives.
  • CAMPAIGN FOR TOBACCO-FREE KIDS Partner — Receives funding to reduce tobacco use.
  • CHARTER FUND INC Partner — Receives funding to improve outcomes for K-12 students in the U.S.
  • JOHNS HOPKINS UNIVERSITY Partner — Receives funding to support research, scholarship, and facilities.
  • MEMORIAL HERMANN FOUNDATION Partner — Receives funding to support career and technical education.
  • MUSEUM OF SCIENCE Partner — Receives funding for capital projects.
  • PRESIDENT AND FELLOWS OF HARVARD COLLEGE Partner — Receives funding to support the Bloomberg Center for Cities.
  • RESOLVE TO SAVE LIVES INC Partner — Receives funding to support cardiovascular health.
  • RESOURCES LEGACY FUND Partner — Receives funding to support clean energy initiatives.
  • SUCCESS ACADEMY CHARTER SCHOOLS INC Partner — Receives funding to improve outcomes for K-12 students in the U.S.
  • THE CLEAN AIR FUND Partner — Receives funding to support clean energy initiatives.
  • VITAL STRATEGIES INC Partner — Receives funding to combat the opioid crisis in the U.S.