Opportunity NYC
Opportunity NYC was an experimental Conditional Cash Transfer program (CCT) by the Mayor of New York City, Michael Bloomberg. Announced in April 2007, it was the first CCT program to be launched in the United States or any other developed nation. Its initial phases were funded by a number of private partners including The Rockefeller Foundation, Robin Hood Foundation, the Open Society Institute, Starr Foundation, AIG, and Mayor Bloomberg's own Bloomberg Family Foundation. The program is being evaluated by MDRC, a nonprofit research firm, using a random assignment research design. Opportunity NYC is administered by Seedco, a nonprofit community development organization. The program ended on August 31, 2010.
Michael Bloomberg
After completing his final term as the mayor of New York City, Bloomberg spent his first eight months out of office as a full-time philanthropist. In the fall of 2014, he announced that he would return to Bloomberg L.P. as CEO at the end of 2014, succeeding Doctoroff, who had led the company since retiring from the Bloomberg administration in February 2008. Bloomberg remains the CEO of Bloomberg L.P.