Michael Bloomberg will be the featured speaker at an April 6 N.Y.U. event focusing on the financial challenges faced by nonprofit organizations in this economic climate.
It should be interesting for a number of reasons, the foremost being that Bloomberg gives away more money to charity than pretty much anyone.
He’s also profited handsomely, in political terms, from his philanthropy, and has come under criticism for leveraging his vast wealth—a carrot-and-carrot approach, more or less—to discourage dissent among people associated with nonprofits and cultural institutions. Most recently, his donations helped him muster support for extending term limits. In 2004, Bloomberg and Deputy Mayor Patti Harris were criticized for leaning heavily on cultural institutions to prevent their board members from contributing the mayor’s political opponent, Gifford Miller.
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