Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
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Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
While we might not all have $1B to donate, I think this goes to show you the #impact a single individual can make. Sometimes though, I hear people say "that's all well and good, but I don't have $1B".
Let's do some math.
(According to Google) there are about 300,000 Canadians making over $250,000 per year. If only half of those Canadians left a gift in their #will of $10,000, or made some smart #taxplanning when adjusting their investment portfolios, or any number of great strategies, that would eclipse this gift to leave a total of $1,500,000,000 to our community.
You don't have to be a Billionaire to help make a difference... because #philanthropy can't be driven only by the uber wealthy.
(Now, if you want to know how $1B can even pay tuition of all students, forever, until the end of time - let's talk about how endowments work 😉)
Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
It brings tears to my eyes!
It brings joy to my heart!
It brings awe and admiration to those who give generously from their hearts (regardless of giving level).
It brings hope to see all those students' lives change at that very moment. (Watch the clip on repeat)
Reading about this amazing gift and the lives it will forever change is beautiful and worth your time.
——————
P.S. I used the word gift for a reason! This isn't about philanthropy, donors, fundraising, or impact giving. This is about her desire and willingness to give…
Gift- noun:
1. A thing given willingly to someone without payment; a present.
2. The actual definition of a 'gift' is the transfer of something without the expectation of payment. Although gift-giving might involve an expectation of reciprocity, a gift is meant to be free.
Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
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Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
Targeted giving can offer philanthropists the power to impact what they care about with precision.
She chose to specifically level the financial ground to create doctors of the future who have lived through socio-economic hardships and been the underdog. These are the doctors who will care about the larger social compact, who won’t be privileged and elitist.
In the video, the moment when hundreds of future doctors realise they will have an even fighting chance is really touching.
From my own perspective in Dover Park Hospice (DPH), this is true of direct giving.
Our experience:
The people who give to DPH care strongly and precisely about at least one of these:
— That all of us deserve to finish our last chapter of life with dignity; not in pain or suffering, not alone in despair.
— That maintaining the personhood of everyone to the end is part of who we are as a society - in action, how we treat those who are in the winter of their lives; not as financial liabilities but as people who have themselves contributed to their society their whole lives and now must depart.
— That we know that it can and will be any of us or our family, and so they contribute something to the teams that build the system and carry out the tasks that honor this truth.
Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
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This is INCREDIBLE 💚 What an amazing idea, and I love that this was at the Albert Einstein College of Medicine - for it was he, who aptly said that "Insanity is doing the same thing over and over again and expecting different results"
This was the quote I used in my article only last week and it's vital we start doing things differently! The current status quo, the current ways of working, are clearly no longer working - evident all around us in the workplace, in society, and globally. We need to start changing the system!
I am a decade old doctor and still paying off my student debt (which is over >30k and probably growing thanks to inflation, but still far less than what younger doctors and medical students will owe...)
This REBELLIOUS idea and LEADERS like this, is what the world needs right now.
Do you agree? What do you think we need to start changing quickly and drastically? I have some ideas about how the healthcare system is currently operating (or not), and what could be changed for the better if there was the collective will.
If you want to hear more about my project and get future updates, please consider subscribing to my newsletter at www.rebelliousmedic.com 🙏
#workforcechallenges#burnout#rebellion#nhs#healthcareinnovation#communityempowerment#healthcareworkers
Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺
Ingenious generosity: The legacy of education transcends generations. No better way to fix such a complex industry by starting at its core.
Many philantropists prefer spending administrative dollars by donating to a hospital or healthcare charity but donating to leapfrog future leaders of healthcare in NYC’s poorest borough maximises efficiency of investment dollars into perpetuity. Bravo Prof. Gottesman!
I just hope she included a condition in her donation that each of the students be taught leadership and the business of healthcare. Lawyers run the biggest law firms, accountants lead the best accounting companies, doctors should hold the reigns of healthcare systems.
Dr. Ruth Gottesman, the 93-year-old widow of a Wall Street financier, has donated $1 billion to Bronx medical school, the Albert Einstein College of Medicine, with instructions that the donation will be used to cover tuition for all students going forward. Dr. Gottesman is a former professor at the school.
The donation is not only the largest one ever given to the school, but also important because it is going to a medical school in the Bronx, NYC’s poorest borough.
The moment the students realize their tuition is paid for is everything 🥺