Bloomberg Philanthropies
Cumulative
- Contributions Committed to Trust Funds $12.5 million
Bloomberg Philanthropies invests in 700 cities and 150 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on creating lasting change in five key areas: the arts, education, environment, government innovation, and public health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a philanthropic consultancy that advises cities around the world.
In February 2022, the foundation committed a grant contribution of $12.5 million to the ADB-administered Climate Innovation and Development Fund (CIDF). The CIDF was established in February 2022 to support innovative, nonsovereign climate change projects in South Asia and Southeast Asia. It aims to support sustainable low-carbon economic development in developing countries in South Asia and Southeast Asia by increasing the pace, scale, and ambition of climate solutions and contributing to the clean energy transition.
Active Trust Funds
Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.
News
10 Apr 2023
ADB, TATA Power Sign Deal to Enhance Delhi’s Power Distribution through Grid Enhancements and Battery Energy Storage System
ADB and TPDDL, the distribution arm of Tata Power, entered into an agreement to subscribe to nonconvertible debentures for ₹1.5 billion (equivalent to $18.2 million) to enhance Delhi’s power distribution through grid enhancements, and a $2 million grant to partially finance the purchase and integration of a pilot battery energy storage system.
21 Dec 2022
ADB, BIM Wind Sign $107 Million Financing Package to Support Wind Energy in Viet Nam
ADB signed a $107 million financing project with BIM Wind Power Joint Stock Company (BIM Wind) to support the operation of an 88-megawatt wind farm in Ninh Thuan province, Viet Nam.