Philanthropy Takes Fore as Bloomberg Exits N.Y. Mayoralty

The Financial Times looks at Michael Bloomberg’s approach to philanthropy as the billionaire media mogul prepares his return to private life after three terms as mayor of New York.

The newspaper interviewed Mr. Bloomberg and collaborators about his and his family foundation’s brand of largely data-driven giving—which has included hundreds of millions of dollars for higher education, the arts, and environmental causes—as well as critics who contend that as mayor he has used philanthropy to pursue political goals.

The article also examines Mr. Bloomberg’s giving priorities and compares his approach with that of philanthropic forebears such as Andrew Carnegie and John D. Rockefeller and contemporaries like Bill Gates.

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