Home » Albert Einstein College of Medicine Receives Historic $1 Billion Gift for Free Tuition Coverage

Albert Einstein College of Medicine Receives Historic $1 Billion Gift for Free Tuition Coverage

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Albert Einstein College of Medicine Receives Historic $1 Billion Gift for Free Tuition Coverage

The Albert Einstein School of Medicine in the Bronx, New York, received a historic donation of one billion dollars from former professor Dr. Ruth Gottesman. This generous gift will allow the school to offer free tuition to all future students, making it one of the largest donations to an educational institution in the United States.

Dr. Gottesman, widow of Wall Street financier David Gottesman, surprised the school community with the announcement on Monday morning. The news was met with cheers, applause, and even tears from students who will now be able to pursue their medical education without the burden of tuition fees.

The donation is so substantial that it will cover the cost of tuition for students at the medical school indefinitely. This is a significant milestone for the Bronx neighborhood, which faces various health challenges and disparities compared to other wealthier areas in New York City.

Ruth Gottesman explained that her late husband left her a significant sum of money in Berkshire Hathaway shares, with the only instruction to use it wisely. She chose to honor his legacy by supporting the education of future healthcare professionals at Albert Einstein School of Medicine.

The school hopes that this donation will attract a diverse group of talented individuals who may not have had the means to pursue a medical education otherwise. This initiative follows a similar program at New York University School of Medicine in 2018, aiming to address the financial barriers faced by students in the United States.

Despite her immense contribution, Dr. Gottesman requested that her name not be immortalized as part of the donation. However, she did ask that the school maintain the name of Albert Einstein, in honor of the legendary physicist who bestowed his name on the institution when it was established in 1955.

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This transformative gift will not only impact the lives of current and future students at the Albert Einstein School of Medicine but also contribute to the advancement of healthcare and medical education in the Bronx and beyond.

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