Behind every billionaire there is a story!

Bloomberg gave $205 million to charity in 2007

Mayor Michael Bloomberg donated $205 million to 1,100 nonprofits last year, an increase of tens of millions of dollars from previous years, according to a new ranking. The billionaire ranked No. 7 on The Chronicle of Philanthropy’s 2007 list of the country’s Top 50 donors. He was No. 10 in 2006, when he gave away $165 million to more than 1,000 charities. In 2005, Bloomberg ranked No. 8 and gave away $144 million. In 2004, he placed No. 10 after donating $138 million, according to The Chronicle, a Washington, D.C.-based publication that reports on giving and nonprofits. Bloomberg spokesman Stu Loeser said Monday the mayor’s increased donations last year “speak to just how seriously he takes the challenge of trying to make the world a better place.”Bloomberg, who founded the Bloomberg LP financial data and news service, declined to name any of the charities to which he gave money last year, The Chronicle said. But most of the charities to which he gave in previous years focus on the arts, education, health care and social services, the newspaper said.

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