August 7, 2008
Bloomberg and Gates Funds to Spend $375-Million to Fight Tobacco Use
Michael R. Bloomberg and the Bill & Melinda Gates Foundation have announced a new $375-million joint commitment to fight tobacco around the world, especially in developing countries.
The new commitment comes on top of the $125-million that was donated by Mr. Bloomberg, the mayor of New York, two years ago to fight tobacco use in developing countries. Those funds have already been spent.
Mr. Bloomberg's foundation will commit $250-million over four years. The Gates