The widow of a financial tycoonAnnouncing a huge donation! Recently, the Albert Einstein College of Medicine, located in the Bronx borough of New York City, received a donation of up to $1 billion. The widow of New York financial tycoon David Gottsman, 93-year-old Ruth Gottsman, decided to leave her deceased husband behindThe entire US$1 billion (about 7.2 billion yuan) estate was donated to the medical school, which was established** and committed to permanently exempting all students from tuition fees.
Albert Einstein College of MedicineThe university announced that starting in the spring semester of 2024, fourth-year students will receive a full refund of tuition, and that all new students will not be required to pay tuition starting in the fall semester of this August.
David Gottsman is the founder of First Manhattan, a Wall Street investment firm, and a close protégé and friend of Warren Buffett. The friendship between the two began in 1963 and lasted for decades. Under Warren Buffett's guidance, Gottsmann amassed a significant stake in Berkshire Hathaway. WhileRuth Gottsmann has served at Albert Einstein College of Medicine for more than 55 years and is currently the Chair of the Board of Trustees.
In 2022, David Gottsman passed away at the age of 96. Ruth was shocked to learn the exact size of her estate after her husband's death. "I was surprised to find that he left me a large amount of Berkshire Hathaway's **,she recalled. The will left to her by her husband was very simple: "Do whatever you think is right with it." ”Faced with this huge inheritance, she almost did not hesitate and decided to donate it all to the Einstein College of Medicine.
Ruth Gottman, who has interviewed dozens of students who have applied to the medical school over the years, knows that studying medicine is not easy, especially for students in the Bronx who are financially disadvantaged. The tuition fee at Albert Einstein College of Medicine is more than $5 per year$90,000, nearly 50 percent of students graduate with more than $200,000 in debt, a ratio far more than any other medical school in New York City. In most medical schools in New York City, less than 25 percent of new doctors owe that much debt.
This massive $1 billion donation immediately made Einstein College students one of the least financially burdened in the nation. This gift is the largest donation to a medical school in the United States, and is the largest donation to a medical school in the United States.
Ruth emphasizedOne of the preconditions of her donation was that the Einstein College of Medicine must maintain its current name. "It's an unbeatable name, it's so dazzling. ”Previously, the great physicist Albert Einstein agreed to give his name to the medical school, which was founded in 1955 and still serves today.
She also said that by eliminating the pressure on tuition fees, she hopes to attract outstanding students who would otherwise be afraid to apply for Einstein College of Medicine due to financial reasons, and train more excellent doctors for New York.
According to the Association of American Medical Colleges, the median loan debt for medical students in the United States reached $200,000 in 2023, and the average debt for graduating seniors in the same year was $201,490.
**: Chengdu Business Daily - Red Star NewsThe copyright belongs to the original authorEditor in charge: Qiu XueReview: Zhang Lei
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