Bloomberg Philanthropies

Bloomberg Philanthropies


  • Contributions Committed to Trust Funds $12.5 million

    The Bloomberg Family Foundation Inc. is a private philanthropic foundation based in the United States and is part of Bloomberg Philanthropies. The foundation focuses on education, the environment, government innovation, and public health to help ensure better lives.

    In February 2022, the foundation committed a grant contribution of $12.5 million to the ADB-administered Climate Innovation and Development Fund (CIDF). The CIDF was established in February 2022 to support innovative, nonsovereign climate change projects in South Asia and Southeast Asia. It aims to support sustainable low-carbon economic development in developing countries in South Asia and Southeast Asia by increasing the pace, scale, and ambition of climate solutions and contributing to the clean energy transition.

    Active Trust Funds

    Active trust funds are those a) with ongoing projects; or b) with no active projects but have remaining funds.


    Standard Post with Image

    10 Apr 2023

    ADB, TATA Power Sign Deal to Enhance Delhi’s Power Distribution through Grid Enhancements and Battery Energy Storage System

    ADB and TPDDL, the distribution arm of Tata Power, entered into an agreement to subscribe to nonconvertible debentures for ₹1.5 billion (equivalent to $18.2 million) to enhance Delhi’s power distribution through grid enhancements, and a $2 million grant to partially finance the purchase and integration of a pilot battery energy storage system.

    Standard Post with Image

    21 Dec 2022

    ADB, BIM Wind Sign $107 Million Financing Package to Support Wind Energy in Viet Nam

    ADB signed a $107 million financing project with BIM Wind Power Joint Stock Company (BIM Wind) to support the operation of an 88-megawatt wind farm in Ninh Thuan province, Viet Nam.