Bloomberg Philanthropies encompasses all of the charitable giving for founder Michael R. Bloomberg. Headquartered in New York City, Bloomberg Philanthropies focuses its resources on five areas: the environment, public health, the arts, government innovation, and education.
The Bloomberg Family Foundation is the $7 billion foundation created by billionaire Michael R. Bloomberg, who has a reported net worth of nearly $50 billion. He has pledged to give away most of his fortune during his daughters’ lifetimes. The Bloomberg Family Foundation is the main focus of Bloomberg’s charitable giving enterprises, which has come to be known as “Bloomberg Philanthropies”.
Highlighted Project: Mayor’s Innovation Teams
Funded by Bloomberg Philanthropies, Innovation Teams (or “i-teams”) function as in-house innovation consultants for city governments, working directly with mayor’s offices and several departments. The Los Angeles i-team is one of 20 i-teams in cities across the country.
Using data science, user-centered design, and project management, the LA i-team works in close collaboration with City departments to assess complex problems, generate responsive new interventions, develop partnerships, and deliver measurable results that improve quality of life for LA residents.
In 2018, Los Angeles was selected as one of nine winning cities in the Bloomberg Philanthropies U.S. Mayors Challenge, which encourages city leaders to pioneer creative strategies for confronting complex urban challenges. L.A. has been awarded $1 million to confront the City’s growing homelessness crisis through an innovative pilot program focused on incentivizing the construction of accessory dwelling units (ADU). The winning proposal builds on the work of the i-team on housing and homelessness. The leading-edge work commenced in 2019. Learn more about the Innovation Team in Los Angeles here.