unilad homepage
unilad homepage
  • News
    • UK News
    • US News
    • World News
    • Crime
    • Health
    • Money
    • Sport
    • Travel
  • Music
  • Technology
  • Film and TV
    • News
    • DC Comics
    • Disney
    • Marvel
    • Netflix
  • Celebrity
  • Politics
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
93-year-old widow donates late husband's $1 billion to cover school tuition for NYC's poorest area forever
Home>News>US News>New York
Updated 20:06 27 Feb 2024 GMTPublished 20:07 27 Feb 2024 GMT

93-year-old widow donates late husband's $1 billion to cover school tuition for NYC's poorest area forever

Ruth Gottesman will go down in history.

Niamh Shackleton

Niamh Shackleton

google discoverFollow us on Google Discover
Featured Image Credit: Brent N. Clarke / Contributor / Michael M. Santiago/Getty Images

Topics: News, US News, New York, Money, Education

Niamh Shackleton
Niamh Shackleton

Niamh Shackleton is an experienced journalist for UNILAD, specialising in topics including mental health and showbiz, as well as anything Henry Cavill and cat related. She has previously worked for OK! Magazine, Caters and Kennedy.

X

@niamhshackleton

Advert

Advert

Advert

Dr. Ruth L. Gottesman's husband passed away in 2022, but the late 96-year-old left behind more than just memories for her.

Her husband, David Gottesman, was a Wall Street financier and made early investments in Berkshire Hathaway - an American multinational conglomerate holding company.

Following his death, Ruth learnt that he had a staggering $1 billion in stocks and simply told her to 'do whatever you think is right with it'.

Advert

But, rather than book a year-long trip to the Bahamas, Ruth has decided to donate all the money to a good cause.

The money has been given to Albert Einstein College of Medicine in the Bronx; New York's poorest borough.

The donation marks the largest ever made to any medical school in the country.

Ruth used to work at the well-regarded medical school and started as director of psychoeducational services in 1968, The New York Times reports.

While she's now retired, Ruth - a clinical professor emerita of pediatrics - still acts as the chair of trustees for the school.

Ruth Gottesman made the huge donation.
Brent N. Clarke/Getty Images

Speaking to the news outlet, the 93-year-old said she was unaware of the large sum of money her late husband had squirrelled away.

"He left me, unbeknownst to me, a whole portfolio of Berkshire Hathaway stock," she said.

With her huge donation, current fourth-year students will be reimbursed for the spring 2024 semester, while all those starting in the fall will have free tuition form then onwards.

Albert Einstein College of Medicine's tuition is more than $59,000 a year.

Gushing about those who study at Einstein, Ruth said: "We have terrific medical students, but this will open it up for many other students whose economic status is such that they wouldn’t even think about going to medical school."

"That’s what makes me very happy about this gift," she added.

Students attending The Albert Einstein College of Medicine from fall onwards won't have to pay tuition fees.
Michael M. Santiago/Getty Images

There are said to be 1,070 students studying at Einstein at the moment, as well as an additional 239 research fellows.

Dr. Yaron Tomer, the Marilyn and Stanley Katz Dean at Albert Einstein College of Medicine, has since said in a statement that Ruth's donation 'radically revolutionizes our ability to continue attracting students who are committed to our mission'.

He continued, as per CBS News: "We will be reminded of the legacy this historic gift represents each spring as we send another diverse class of physicians out across the Bronx and around the world to provide compassionate care and transform their communities."

I think we can all agree that Ruth is the definition of a good samaritan.

Choose your content:

11 hours ago
12 hours ago
14 hours ago
  • Photo by Jessica McGowan/Getty Images
    11 hours ago

    Lindsey Graham's sister's brutal response after Trump recommends her to fill his Senate seat

    Lindsey Graham passed suddenly on Sunday, July 12, from a suspected aortic dissection

    News
  • Getty Stock
    12 hours ago

    Study reveals reason why women have a reputation for being better at multitasking than men

    Could science have finally settled the age-old debate about women being better multitaskers than men?

    News
  • Getty Images/Janina Steinmetz
    12 hours ago

    Tinder users are switching to a bizarre new dating trend sweeping the US

    The AI dating service is growing fast, but critics fear romance is becoming too automated

    News
  • Getty Images/fhm
    14 hours ago

    Aviation fans shocked after finding out what pilot wrote in sky with flight path during 'test'

    The young pilot’s playful test flight demanded far more concentration than expected

    News
  • Urgent warning issued as man loses his fully paid off $800,000 home over a $5,000 water bill
  • Housing lottery opens for New York City apartments costing just $513 a month
  • Truth behind claims Zohran Mamdani is introducing 'Arabic numerals' in NY schools
  • Fundraiser for 'American Hero' Alex Pretti shot by federal agent surpasses $1 million as one of the world's richest men donates $10,000