Ruth Gottesman, a university professor, has just redefined generosity for us mere mortals.
By donating a staggering $1 billion to the Albert Einstein College of Medicine, she’s rewriting the futures for generations of students.
Let’s pause and let that sink in.
A billion dollars.
For many of us, that’s a number we would probably never use in our lifetime.
But for Gottesman, it’s a tool for transformative change.
She got the money from her late husband who had $1B worth of Berkshire Hathaway stocks.
The power of holding and never selling early.
She could have kept the money and spend it on lavish things.
A couple of Rolls Royce Phantoms, a few mega yachts or even a vacation home in Monaco.
But she chose to give it away in a very meaningful manner.
The magnitude of this donation is impactful and monumental.
Free tuition for all medical students, forever?
That’s unheard of.
And yet, here we are, witnessing a seismic shift in medical education, all thanks to one woman’s vision and her late husband’s Berkshire Hathaway stockpile.
In a country where medical students often graduate with the kind of debt that can cripple dreams, Gottesman’s gift is a game changer.
Suddenly, careers in medicine are not just for those who can afford the hefty price tag or are willing to endure decades of debt.
They’re for anyone with the talent and drive to pursue them.
The university should be smart enough to put the money to work and generate enough returns per year to sustain the scholarships going out to the students.
This ensures financial sustainability for the long run.
The Bronx, home to the Albert Einstein College of Medicine, is a melting pot of cultures and stories, many of which are underrepresented in the medical field.
Gottesman’s donation opens doors for students who might never have considered medicine as a viable path due to financial constraints.
Imagine the ripple effect.
Doctors who truly represent the communities they serve.
Medical innovations born from a broader range of perspectives.
A healthcare system enriched by diversity and empathy.
It’s revolutionary.
Generational impact at scale.
And while we’re all standing ovation for Gottesman, let’s not forget the underlying message here: the power of thoughtful philanthropy.
This isn’t just throwing money at a problem; it’s strategically investing in a solution with long-term benefits for society.
What could other billionaires achieve if they followed Gottesman’s lead?
Imagine the possibilities.
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Would you donate away $1B?
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