{"id":6424,"date":"2020-09-08T11:07:07","date_gmt":"2020-09-08T15:07:07","guid":{"rendered":"https:\/\/www.grantwatch.com\/grantnews\/?p=6424"},"modified":"2020-09-08T11:07:11","modified_gmt":"2020-09-08T15:07:11","slug":"bloomberg-philanthropies-commits-100-million-to-increase-the-number-of-practicing-black-doctors","status":"publish","type":"post","link":"https:\/\/www.grantwatch.com\/grantnews\/bloomberg-philanthropies-commits-100-million-to-increase-the-number-of-practicing-black-doctors\/","title":{"rendered":"Bloomberg Philanthropies Commits 100 Million To Increase The Number of Practicing Black Doctors"},"content":{"rendered":"\n<p>Every year students go into thousands and tens of thousands of student loan debt in the effort to gain an education. Students who go to medical school generally face an even higher burden &#8211;  in the hundreds of thousands. And while the national conversation on racial inequality and social justice is continuing, the medical field as related to doctors is still disproportionately white, but Bloomberg Philanthropies seeks to bridge that inequity gap. <\/p>\n\n\n\n<p>As it currently stands in the United States, <a href=\"https:\/\/www.aamc.org\/data-reports\/workforce\/interactive-data\/figure-18-percentage-all-active-physicians-race\/ethnicity-2018\" target=\"_blank\" rel=\"noreferrer noopener\">only 5% of practicing doctors are Blac<\/a>k, even though Black patients are more likely to contract and die from the <a href=\"https:\/\/www.grantwatch.com\/cat\/56\/coronavirus-covid-grants.html\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19<\/a> virus. <\/p>\n\n\n\n<p>The foundation seeks to increase the number of Black doctors working in the medical field and has committed $100 million to four Historically Black Medical Schools, decreasing the financial burden of 800 medical students, most of whom will have experienced an increased amount of financial hardship due to the COVID-19 pandemic. <\/p>\n\n\n\n<p>The four Historically Black Medical Schools to receive this award will be: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Meharry Medical College<\/li><li>Howard University College of Medicine<\/li><li>Morehouse School of Medicine<\/li><li>Charles R. Drew University of Medicine and Science<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/09\/pexels-photo-4546132.jpeg\" alt=\"crop man putting medical mask on face of ethnic child\" class=\"wp-image-6462\" width=\"614\" height=\"434\" srcset=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/09\/pexels-photo-4546132.jpeg 1839w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/09\/pexels-photo-4546132-300x212.jpeg 300w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/09\/pexels-photo-4546132-800x566.jpeg 800w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/09\/pexels-photo-4546132-768x543.jpeg 768w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/09\/pexels-photo-4546132-1536x1086.jpeg 1536w\" sizes=\"auto, (max-width: 614px) 100vw, 614px\" \/><figcaption>Photo by Ketut Subiyanto on <a href=\"https:\/\/www.pexels.com\/photo\/crop-man-putting-medical-mask-on-face-of-ethnic-child-4546132\/\" rel=\"nofollow\">Pexels.com<\/a><\/figcaption><\/figure>\n\n\n\n<p>Data has proven that<a href=\"https:\/\/labblog.uofmhealth.org\/rounds\/minority-patients-benefit-from-having-minority-doctors-but-thats-a-hard-match-to-make-0\" target=\"_blank\" rel=\"noreferrer noopener\"> Black patients <\/a>are at higher risk, but face better health outcomes when treated by<a href=\"https:\/\/labblog.uofmhealth.org\/rounds\/minority-patients-benefit-from-having-minority-doctors-but-thats-a-hard-match-to-make-0\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a>Black doctors, which could mean that an increase in representation could lead to better health outcomes for Black Americans. Beyond COVID-19, having more Black doctors could actually lead to a decrease in negative health outcomes for these patients overall, and easing the financial burden off these medical students could lead to increased social mobility overall. <\/p>\n\n\n\n<p><strong><em>Here&#8217;s how this award will be distributed:<\/em><\/strong> <\/p>\n\n\n\n<p>Bloomberg Philanthropies $100 million award will allow for each student currently enrolled to receive up to a $100,000 scholarship for students who are currently receiving financial aid, over a four-year period. Because Black doctors tend to treat more minority patients, especially in the underserved community this could help increase positive health outcomes across the board. <\/p>\n\n\n\n<p>Michael R. Bloomberg, founder of Bloomberg Philanthropies and Bloomberg LP, and three-term mayor of New York City had this to say about the $100 million award: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>COVID-19 has been especially devastating for the Black community, and the scarcity of Black doctors practicing in Black communities is one reason for it. <\/p><\/blockquote>\n\n\n\n<p>Bloomberg continued: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>More Black doctors will mean more Black lives saved and fewer health problems that limit economic opportunity. But right now, the burden of student debt and lack of financial aid means that the shortage of Black doctors could get even worse. During my campaign for president, I proposed a set of bold policies \u2014 which we called the Greenwood Initiative \u2014 to increase generational wealth among Black families and shrink the racial wealth gap. The commitment Bloomberg Philanthropies is making today is just the first step we will take to bring that work to life.\u201d<\/p><\/blockquote>\n\n\n\n<p>This award is part of a larger move by Bloomberg Philanthropies\u2019 Greenwood Initiative to help Black Americans to increase generational wealth. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every year students go into thousands and tens of thousands of student loan debt in the effort to gain an<\/p>\n","protected":false},"author":12,"featured_media":6463,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sb_is_suggestion_mode":false,"_sb_show_suggestion_boards":false,"_sb_suggestion_history":"","_sb_update_block_changes":"","_is_real_time_mode":false,"_realtime_collaborators":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[139,137],"tags":[],"class_list":["post-6424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-science"],"yoast_head":"<!-- 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However, if we're perfectly honest, we also know that no one really likes going to the doctor. What's more, most of us wish they handed out lollipops for good behavior\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/03\/National-Doctors-Observance.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/03\/National-Doctors-Observance.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/03\/National-Doctors-Observance.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/03\/National-Doctors-Observance.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":12432,"url":"https:\/\/www.grantwatch.com\/grantnews\/charles-r-drew-university-gets-50-million-medical-diversity-grant\/","url_meta":{"origin":6424,"position":3},"title":"Charles R. 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Drew University, a historically Black medical school which has received\u2026","rel":"","context":"In &quot;Grants&quot;","block_context":{"text":"Grants","link":"https:\/\/www.grantwatch.com\/grantnews\/grants\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/Charles-Drew-U-p-and-Type-5721682.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/Charles-Drew-U-p-and-Type-5721682.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/Charles-Drew-U-p-and-Type-5721682.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/Charles-Drew-U-p-and-Type-5721682.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":18662,"url":"https:\/\/www.grantwatch.com\/grantnews\/honoring-national-doctors-day-with-five-grants-to-help-doctors\/","url_meta":{"origin":6424,"position":4},"title":"Honoring National Doctors Day with Five Medical Grants","author":"Mel","date":"March 30, 2022","format":false,"excerpt":"Every year to celebrate the important work physicians do, the country as a whole celebrates National Doctors Day. 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