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Michael Bloomberg Will Donate His Eponymous Company to a Philanthropic Trust

This article was originally published on The Observer.

Bloomberg’s donation is still likely to raise some skepticism due to its size, according to Patricia Illingworth, a philosophy professor at Northeastern University specializing in philanthropy.

“That’s going to give him a good say over the social agenda,” she said. “Many people think that kind of philanthropy undermines democracy.”

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