Bloomberg Is Quietly Ending a Charitable Program

March 22, 2010, The New York Times — Mayor Michael R. Bloomberg, New York City’s richest man and biggest philanthropist, is quietly pulling the plug on an unusual program that has poured nearly $200 million of his fortune into nonprofit groups across the five boroughs, in a sign of major change under way in his charitable giving plans.

His decision, which is not yet public, has set off alarm in the city’s arts and social services worlds, which depend heavily on his largesse and are grappling with deep budget cuts and a brutal fund-raising climate.

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