Michael Bloomberg releases charitable donations showing fight against tobacco
November 23, 2019Michael Bloomberg’s charitable foundation spent more than $100 million to combat smoking in 2018, as national attention has shifted to the dangers of vaping electronic cigarettes, according to a recent tax filing.
The Campaign for Tobacco-Free Kids, which has funded an anti-vaping effort in New York City, received three grants totaling $25.9 million, the 2018 tax form shows.
The issue could be a political win for the former New York City mayor, who is preparing to launch a bid for the Democratic nomination for president: He has long invested his personal fortune to fight tobacco use, while President Trump is backing off his promised ban on flavored e-cigarettes.
The Centers for Disease Control and Prevention this week confirmed 47 fatalities across 25 states and 2,290 illnesses associated with vaping.
“For more than a decade, Mike Bloomberg’s leadership taking on the tobacco industry has been second to none. The policies he put forward during his time as mayor of New York City and as a philanthropist have saved millions of lives worldwide,” Bloomberg Philanthropies spokesperson Rachel Nagler said, referring to his mayoral ban on smoking in restaurants and bars. “President Trump backing off of his promise to clear the market of all flavored e-cigarettes shows he cares more about the tobacco industry than kids’ health.”
Trump heard arguments on both sides of the issue in a meeting the Washington Post described as “a public policy version of ‘The Apprentice’ that featured combatants trying to score points with a demanding host who also happens to be president.” Trump reportedly raised questions about a black market forming from a prohibition on flavored e-cigarettes, which opponents say are marketed to children.
Bloomberg donated $458 million of his own money to his family foundation — part of his $767 million in charitable donations last year, Nagler said. His advisers have always spotlighted his philanthropy to counter the widely-held impression that his vast personal wealth, now totaling $54.1 billion, puts him out of touch with most Democratic voters.
In addition to funding programs that seek to monitor and eliminate tobacco use, he spent money across the globe on public education, infrastructure, cultural institutions and fighting climate change.
He spent more than $65 million on sustainable fishing and coral reef protection, upwards of $25 million on road safety in low-income countries around the world, $3.3 million on research of the rare and deadly ALS disease and $25,000 for an e-book program in Rwanda.
Some of Bloomberg's favorite arts institutions benefited from his money as well. He gave $20 million to The Shed, a cultural building at the Hudson Yards development his mayoral administration spearheaded on the West Side of Manhattan, and $570,000 to the Metropolitan Opera to support “Met Live in HD.”
Source: https://www.politico.com/