Mega Donation Of $1 Bn Makes Tuition Free In Top New York Medical College

Mega Donation Of $1 Bn Makes Tuition Free In Top New York Medical College

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Business Today
  • Updated Mar 1, 2024 7:11 PM IST

 

A former Albert Einstein College of Medicine professor is donating $1 billion to the New York City school, the largest gift of its type ever given in the United States, to pay for the tuition of all of its students. A video showed people cheering and clapping in an auditorium, some in tears, as Dr Ruth Gottesman made the announcement about the donation. Gottesman is making the donation from the fortune made by her late husband David "Sandy" Gottesman, a Wall Street financier and early Berkshire Hathaway investor, who died in September 2022. "I feel so blessed and privileged that my late husband, David Gottesman, left funds in my care that allow me to make a gift to you," she said, before announcing that the medical school will be tuition-free starting in August this year.

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