Bloomberg Philanthropies is the umbrella organization that manages the charitable giving of billionaire entrepreneur turned politician Michael Bloomberg. The New York City mayor has pledged more than $1.5 billion (by Nov. 2008) to support the arts, education and public health, including initiatives to curb smoking and prevent traffic-related deaths. Mike Bloomberg was named to BusinessWeek's 2008 list of the 50 Top American Givers, which recognizes the most generous U.S. philanthropists.
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