In an attempt to make progress towards closing the racial gap, the Bloomberg Philanthropies donated $100 Million to Howard University's Morehouse School of Medicine, Meharry Medical College and the Charles R Drew University of Medicine and Science. Over 70% of black students in higher education cite debt as a reason for dropping out of programs. With research showing that black patients have better outcomes when treated by black doctors, Bloomberg felt this an important initiative toward getting more black doctors into medical practice.

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