"This latest initiative allows us to greatly accelerate our investment in talented people and bring them together in a highly creative and dynamic atmosphere," Daniels added. "It illustrates Mike's passion for fixing big problems quickly and efficiently."
Money from the gift is expected to endow 50 distinguished professors to be recruited worldwide with expertise spanning traditional academic disciplines. The school said the work of those recruited would bridge disciplines and schools such as medicine, the humanities, public health and education, social science and engineering.
The New York mayor has remained closely involved with the university where he graduated in 1964, including stints on its board of trustees from 1996 to 2002 and as chairman of Johns Hopkins Initiative fundraising campaign.
The university said Bloomberg made his first $1 million commitment to the university in 1984, 20 years after his graduation. Later gifts included $120 million toward the construction of a children's section at The John Hopkins Hospital in honor of his late mother. All told, the university said, Bloomberg's philanthropy has benefited Johns Hopkins in many ways including improvements to facilities, research and the quality of its student body.
The latest gift touched off praise and excited reactions online and on the university website following the announcement.
NYC Mayor's website: http://www.nyc.gov/mayor
John Hopkins University: http://www.jhu.edu/