Alexander Haas’ Post

I love this! I hope the awards come with a stipulation, or at least an encouragement, to have those endowments also managed by predominantly Black OCIOs (outsourced chief investment offices) and managers. Moving large sums of money right back into the hands of the usual suspects feels counter productive otherwise. We need to normalize asking..."who's managing and controlling that?" #NextEconomy #OCIO #investmentmanagement

From a workforce development standpoint, we are seeing across regions the need and demand for healthcare professional. The pandemic was hard on all of us but I think we often forget the long standing impact to our frontline healthcare professionals. In addition in 2022, only 5.7% of medical professionals identified as Black or African-American. However, 70% of Black doctors in the US are HBCU graduates. HBCU medical schools help create a diverse and highly skilled healthcare workforce and conduct vital research that benefits society. Investment into healthcare, healthcare professional, and our HBCU medical schools are more important than ever. Well done Bloomberg Philanthropies

Dr. Ruth Gottesman’s one billion dollar donation to Albert Einstein School of Medicine resulting in free medical education is transformative! The journey to becoming a physician is not only rigorous but also financially daunting. With the average medical student graduating with substantial debt, the financial barriers to entering the medical profession are higher than ever. This situation not only discourages potential talents from pursuing a medical career but also exacerbates the shortage of healthcare professionals, impacting patient care across communities. Philanthropy plays a pivotal role in this narrative. Generous donations aimed at reducing or completely eliminating the cost of medical education can change the landscape of healthcare. By alleviating the financial burden on medical students, we can open the doors to a dedicated workforce ready to tackle the challenges of modern medicine. By supporting aspiring physicians today, we are paving the way for breakthroughs in clinical research, improving patient care, and ensuring that the best and brightest can pursue a career in medicine regardless of their financial background. #Philanthropy #MedicalEducation #Healthcare #FuturePhysicians #InvestInHealth https://lnkd.in/gETkcx3W

Bloomberg Philanthropies made an unprecedented $600 million donation to four historically Black medical schools—Howard University College of Medicine, Meharry Medical College, Morehouse School of Medicine, and Charles R. Drew University of Medicine and Science University—marks a significant milestone in the fight for health equity. This landmark investment demonstrates how private industry and academic partnerships can prepare the next generation of physicians and address critical health disparities. By strengthening the financial foundations of these historically Black institutions, this funding empowers them to continue their mission of diversifying the medical field. Increased endowments mean better management of tuition costs, more innovative research opportunities, and enhanced support for the academic and professional development of future Physicians. Evidence shows that Black patients have better health outcomes when treated by Black physicians, yet only 6% of U.S. doctors are Black. This partnership between Bloomberg Philanthropies and HBCU medical schools is a powerful example of how strategic investments can create lasting change. Advancing Health Equity is dedicated to partnering with organizations on their journey to eliminate bias and discrimination in healthcare, cultivate an equitable organizational culture, and improve health outcomes. Join us in celebrating this significant step towards a more equitable healthcare future! #HealthEquity #MedicalEducation #HBCUMedicine #FuturePhysicians #EquitableHealthcare #HealthDisparities #DiverseMedicalWorkforce #PhilanthropyInAction #HealthcareTransformation #BreakingBarriers https://lnkd.in/e4BG9uDa

With a $1 billion gift to Albert Einstein College of Medicine, philanthropist Ruth Gottesman will leave a lasting impression on many. College students will not have to pay tuition to get their advanced medical degree. 🎓 While most of us don’t have $1 billion to leave behind, the principles of gifting can be something to consider for your legacy. Read more in this article from @NBCNews ⬇️ 🌐 https://nbcnews.to/4ckjIzR #estateplanning #taxdeductiblegift #taxplanning #legacy #philanthropy #willsandtrusts

🗣️ The U.S. needs more Black #doctors. That’s why #MeharryMedicalSchool in #Nashville just got $175M. + Catherine Sweeney Nashville Public Radio-WPLN 90.3 and 1430 a.m. The U.S. needs more Black doctors. That’s why Meharry Medical School in Nashville just got $175M. "Meharry Medical College secured its largest #donation ever — $175 million. The Bloomberg Philanthropies funding is going into the school's endowment. Meharry Medical College in Nashville secured its largest donation ever on Tuesday as part of a broader investment in #physiciantraining at historically black colleges and universities. There are only four #HBCUs with #medicalschools in the country. Bloomberg Philanthropies is investing in all of them. That will include a donation of $175 million to Meharry’s endowment. It’s part of an ongoing initiative to address #systemic #underinvestment in #Blackinstitutions. One of Meharry’s missions is fighting #racialhealthdisparities. Dr. James E.K. Hildreth, the Meharry #CEO, says making sure #patients can seek care from #providers with a shared #cultural background is one of the ways it can further that mission. “Mr. Bloomberg made the observation that these four schools contribute half of all the Black doctors in the country,” Hildreth said. “And if you think about there being 170 #medicalschools, that’s quite extraordinary.” #Healthdisparities measure preventable differences in #healthoutcomes. For example, Black #Tennesseans under 75 die from #preventable causes at a rate 30% higher than white Tennesseans, according to the Robert Wood Johnson Foundation. #Blackwomen in Tennessee are 2.3 times more likely to die of #pregnancy and #childbirth-related causes than white women."" - ... #healthcare #physicians #doctors #blackdoctors #blackhealthmatters #blackcommunities #patientoutcomes #patientcare #medicalstudents #healthcareers #blackmen #peopleofcolor #leadersinhealthcare

With a $1 billion gift to Albert Einstein College of Medicine, philanthropist Ruth Gottesman will leave a lasting impression on many. College students will not have to pay tuition to get their advanced medical degree. 🎓 While most of us don’t have $1 billion to leave behind, the principles of gifting can be something to consider for your legacy. Read more in this article from @NBCNews ⬇️ 🌐 https://nbcnews.to/4ckjIzR #estateplanning #taxdeductiblegift #taxplanning #legacy #philanthropy #willsandtrusts

More should do this.

Education must be free. Charging students tuition? I think that's the worst you can do to your future entrepreneurs, medical doctors, state runners, reflective minds, high profile managers: 'Free' in that everyone who is gifted enough, needs to be supported to be able to live up to their best, and that way, pay back, and pay forward, to their communities - to society, peers, parents, children, future citizens. It should be in the interest of every, any state, to support their citizens to help build everyone's future. Those who don't (want to) invest into public higher education, and believe in private solutions of educating, do not grasp the incredible rift between privilege and gift. Speaking of parents, and how mine have given me a gift: I'm stating this as someone who comes from a workers' background, and who had the privilege, thanks to my parents' sparse savings, and other (not many) supporting sources, to having been able to study (at the University of Tuebingen); then, to study abroad, at the University of Texas at Austin; and then, to earn my doctorate at the ETH Zurich.