Much of Bloomberg's giving is to causes that aren't explicitly political, and have no apparent linkage to his 2020 campaign: global public health, higher education, culture and the arts, etc.

The biggest recipient of his donations, by far, has been Johns Hopkins, his alma mater.
But there are also areas where Bloomberg's philanthropic and political giving overlap, turning cities or states into focal points for concentrated spending.

https://www.nytimes.com/interactive/2020/02/15/us/politics/michael-bloomberg-spending.html
Most recipients of Bloomberg's political and charitable donations have not endorsed his campaign. But a good number of them have, and their support has helped make Bloomberg a major national force while other candidates have been tied up in Iowa and NH.
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