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Albert Einstein College of Medicine in the Bronx, New York City

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When the 96-year-old Ruth Gottesman's husband died in 2022, he left behind something that surprised even his wife: $1 billion in Berkshire Hathaway stock.

She would donate the money in full to the Albert Einstein College of Medicine in the Bronx, New York City's poorest borough, the Times reported.

"I wanted to fund students at Einstein so that they would receive free tuition," she told the Times.

Her gift is so large that it's set to cover students' tuition for the medical school in perpetuity, the college said in a press release.

All current fourth-year students are set to be reimbursed for their spring 2024 tuition, the school said, and beginning in August, all current and future students will attend for free.



Gottesman broke the news to the current students in person on Monday morning. The second the words "tuition-free" came out of her mouth, students in the auditorium erupted into cheers, clapping and jumping out of their seats, with some crying, a video from the school's hospital affiliate, Montefiore Health System, shows.




Edited by hindesky
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Nice to see billionaires doing good things with their money.

So many modern billionaires talk about how they're going to give it all away before they die, and then all they do is set up giant charities emblazoned with their names and let the funds trickle out a bit at a time. (*cough*Bill Gates*cough*)

The world already has plenty of charities.  If you're going to give your money away, just do it.  Give it to one of the established charities that has the experience and infrastructure and scale to make use of it.  Don't make it a big PR dog and pony show.  That's not charity.  That's vanity.


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