What To Do with a Billion Dollars

David “Sandy” Gottesman had a friend back in the 1960s named Warren Buffet. Over the years, he invested money in Buffet’s company and left the portfolio to grow. Meanwhile, Gottesman’s wife Ruth taught in the pediatrics department at the Albert Einstein College of Medicine in the Bronx. David died in 2022 after 72 years of marriage. He left his Berkshire Hathaway stock, now worth a billion dollars, to Ruth, telling her to “Do whatever you think is right with it.” Yesterday the 96-year-old widow announced it would go to the medical school, with a stipulation on how it is to be used.

That amount of money ensures that the couple of hundred students admitted to the Albert Einstein College of Medicine every year will pay no tuition for as long as the institution remains in existence. Students who are graduating this spring will receive a refund on the 2024 spring semester. -via Fark

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Source: neatorama

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