 Major gift to Johns Hopkins University. ABC's Sherry Preston explains who's it from and what it's for. Bloomberg Philanthropies has gifted the Johns Hopkins School of Medicine with a billion dollars. The donation meaning free tuition for those whose families earn less than $300,000 a year and free tuition, room and board, and fees for those whose families make less than $175,000. Former New York City Mayor Billionaire Michael Bloomberg got his bachelor's degree in electrical engineering from Johns Hopkins in 1964.