Investing in Efforts to Improve Lives Worldwide
Bloomberg Philanthropies supports unique efforts to address issues that fall outside of our core program areas. Like our other areas, these Founder’s Projects emerge from Mike’s personal experiences in business, government, and philanthropy.
The Perelman Performing Arts Center (PAC NYC), set to open in September 2023, will be a modern and forward-looking arts center that establishes Lower Manhattan as a cultural destination. It is the last piece in the rebuilding of the World Trade Center site. Designed with highly flexible and innovative theater spaces, PAC NYC will host a wide array of performances in dance, music, theater, film, media, and chamber opera that give artists new opportunities to create and engage with audiences from around the world. Bill Rauch serves as artistic director, and in 2022, PAC NYC appointed its first executive director, Khady Kamara.
In 2022, the Greenwood Initiative also launched the Black Wealth Data Center and its Racial Wealth Equity Database to tackle the issue of inaccessible and insufficient data on racial wealth disparities. The new database houses more than 35 datasets across five key topics — assets and debt, education, housing, employment, and business ownership — to empower decision-makers with reliable data that can drive policies and programs to advance racial wealth equity.