Bloomberg Ending Charitable Program For NYC Nonprofits

Through the program, the billionaire mayor has channeled “nearly $200 million of his fortune” to local groups. “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.”

Source: The New York Times 03/19/10