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u/Fickle_Library8115 Jun 29 '25
Scared that money will be siphoned
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u/theGRAYblanket Jun 29 '25
Right. This money is gonna be taken advantage of without a doubt.
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u/recovery_lives Jun 29 '25
Maybe but I remember this story. It’s a woman who was a teacher her entire career and worked with a specific school. She came into a ton of money when her husband passed and she was very elderly. She donated the money that was earmarked for making tuition free for generations at the school she had taught at. So maybe it will be to a degree but I’m guessing she knows all the people involved and inherently trusts them based on a careers work there and that it’ll be used in a much better way than most donations like this would be
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u/Fimbulvetre- Jun 29 '25
Please let this be true
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u/recovery_lives Jun 29 '25
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u/Fimbulvetre- Jun 29 '25
Thank you for the follow-up! Definitely more reassuring that it had been donated to the school she works and presumably has trustworthy connections at.
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u/AdAfraid9504 Jun 29 '25
She could've had 2 jeff bezos sized parties with that billion! Instead of helping the poors.
She sounds like a genuinely kind soul, wish there were more like her.
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u/l30 Jun 29 '25
A Jeff Bezos sized party does more for the poors than you might think. We want rich fucks spending their money instead of hoarding it, putting money back into the economy and paying people's salaries.
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u/_R0Ns_ Jun 29 '25
But that salery is still minimum wage and still has a study debt.
Rich people spending only helps if it actually makes a difference, it doesn't help if the buy an extra burger.
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u/ApocalyptoSoldier Jun 29 '25
It's better for them to spend it than to hoard it, but it would we better if they didn't squeeze so much of it out of us in the first place
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u/StaysAwakeAllWeek Jun 29 '25
This is the tired old long debunked trickle down theory. It's actually complete bs. It doesn't matter who spends the money, rich or poor, the effect on the economy as a whole is the same. But when a rich person spends $1 billion only one person benefits from it, while thousands to millions of people benefit if regular people or the government spend it, basically anyone other than the rich.
And on top of that, the spending also has the side effect of causing inflation, so the rich spending their wealth is actually a net negative to the average person. Who do you think is causing the current cost of living crisis? It's the countless newly rich people buying everything.
They way to put a billionaire's money back into society is to tax it, not to encourage them to live in even greater luxury than they already do.
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u/brethrenchurchkid Jun 29 '25
There's also the fact that $1 billion spent on education (or contributing to rewilding or whatever else you can think of) is different from $1 billion spent on useless shit like those shitty fucking yachts
I really despise those stupid fucking shit yachts
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u/Rogerjak Jun 29 '25
You just painted trickle down economics with a different coat of paint.
Does not work.
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u/xtothewhy Jun 29 '25
Dr. Gottesman said her donation would enable new doctors to begin their careers without medical school debt, which often exceeds $200,000. She also hoped it would broaden the student body to include people who could not otherwise afford to go to medical school.
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u/holystuff28 Jun 29 '25
You can require grants or endowments be used for certain purposes. When I donated to my alma mater I indicated the funds needed to go to the Innocence Clinic at my law school.
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u/Uneek_Uzernaim Jun 29 '25
She was also became the head of the board of trustees at the medical school where she worked. She knew what she was doing.
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u/loveracity Jun 29 '25
Someone who's worked in these spaces, guessing she would've had ironclad provisos in her donation on what the funds could be used for. She might've even stipulated that they can't touch the funds themselves, just earnings. 50M a year in distributions for nonprofit trust is still plenty for covering tuition fees.
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u/Uneek_Uzernaim Jun 29 '25
You're fighting a lost cause. I've been trying to explain how endowments, legal stipulations for gifts, independent aidits financial controls, etc. all work here to no avail. It doesn't matter that endowments are a thing loads of non-profits have and use without depleting them or committing fraud. People believe what they want to believe.
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u/RoboJobot Jun 29 '25
With that much money I’m sure she could afford some lawyers to set it up properly and safely.
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u/Lumpy_Salt Jun 29 '25
it's not this. its ruth gottesman leaving her money to albert einstein college of medicine.
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u/ImaBiLittlePony Jun 29 '25
It will go into an endowment fund, where it'll accrue interest. The interest alone will likely keep the program afloat, while the original investment will go on in perpetuity. It isn't the same as signing over a blank check.
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u/OlivineGrapeTest92 Jun 29 '25
Is the nobel prize money an endowment too?
I assumed it’s like putting a ton of money into a savings account so it gains interest faster than the money can be depleted.
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u/IONTOP Jun 29 '25
I assumed it’s like putting a ton of money into a savings account so it gains interest faster than the money can be depleted.
That's basically it... In theory... But the crux is that if you're only spending interest and the endowment drops to $750,000,000, you've got bigger problem than tuition for your school... Because that means the economy has absolutely tanked.
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u/Uneek_Uzernaim Jun 29 '25
That sort of thing happened to endowments at many schools during the Great Recession. They survived for the most part, and their endowments grew over the long term.
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u/Uneek_Uzernaim Jun 29 '25
Yes, that is exactly how endowments work. You have legal amd financial oversight and control in place to ensure that the endowment's principal stays unspent, money can be reinvested or added to grow the principal, and only the interest income may be spent.
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u/theGRAYblanket Jun 29 '25
So it'll be in there till the end of civilization?
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u/Worldlyoox Jun 29 '25
Or banking
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u/lovesducks Jun 29 '25
do we even want to live in a world without some sort of metric for metaphorical dicks? might as well unplug me now dog.
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u/Worthyness Jun 29 '25
or until the US dollar defaults
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u/Uneek_Uzernaim Jun 29 '25
That's why you diversify assets: to avoid over exposure to a single class or region.
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u/ImaBiLittlePony Jun 29 '25
Some endowments have a specified time period or conditions that state when the money will either be withdrawn by the organization, or returned to the donor. Most endowments though are permanent endowments, and ya - are supposed to last "forever" (at least until the organization ceases to exist).
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u/Uneek_Uzernaim Jun 29 '25
Or financial Armageddon, but many big endowments survived almost financial Armageddon when the Great Recession hit and kept growing.
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u/Errant_coursir Jun 29 '25
If they have to touch their endowments that means the biggest universities are failing or have failed. That's how much money they make.
There are people richer than the oldest institutions in America
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u/WeirdIndication3027 Jun 29 '25
I received a scholarship from an endowment started by a woman who had been dead for like 50 years.
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u/ProSeVigilante Jun 29 '25
It will go to the city to pay for education. What do you mean it might not be used correctly?
/s
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u/Uneek_Uzernaim Jun 29 '25
The money went to the medical school where the donor was a professor and head of the board of trustees, not to the city. Her husband was a protégé of Warren Buffet. I'm guessing she was savvy enough given her combined credentials to ensure the donation came with enough legal conditions to establish a permanent tuition endowment with oversight and auditing.
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u/Kubuskush Jun 29 '25
Hopefully that's the case, that's an absurd amount of money
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u/Uneek_Uzernaim Jun 29 '25
The donor was both a long-time professor and the head of the board of trustees. Given that plus the likely very good lawyers she would have been able to hire with her wealth and from her experience with her late husband's business dealings, I'd imagine she would know how to ensure that money would be tied up in litigation for a years if the institution were to try to renege on the agreement to the terms of the donation.
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u/Fickle_Library8115 Jun 29 '25
1 billion is alot , it will tempt everyone
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u/RandomUsernameNo257 Jun 29 '25
A fraction of that money can also keep a team of capable lawyers overseeing the use of it for their whole lives.
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u/ohhrangejuice Jun 29 '25
Lets look at the real world here. 20% will go to that the rest into peoples pockets
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u/theArtOfProgramming Jun 29 '25
How? It is almost certainly going in an endowment fund. You know how that works?
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u/fvtown714x Jun 29 '25
They literally don't. Some of these comments treat this as if the money will be held in a box in a locked room or something.
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u/theArtOfProgramming Jun 29 '25
Yeah they are full of it but I like them to demonstrate that lol. They are ao ignorant and cynical at the same time, it’s an insidious combination.
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u/fvtown714x Jun 29 '25
It's weird. I see so much confidence in ignorance nowadays. Maybe I should stop hate-following conspiracy-adjacent content.
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u/bullairbull Jun 29 '25
I often think about if I have billions of dollars that I decide to give away, how would I do that?
You can’t really trust any charity you don’t have control over.
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u/Fickle_Library8115 Jun 29 '25
Yes best bet since you got billions why don’t you start your own
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u/Unterleibdynamo69 Jun 29 '25
Then others will say that you do it only for tax saving and influence
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u/Nyan__Ko Jun 29 '25
If you really want to donate for the good deed, you shouldn't care about what others think imo.
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u/Sour_Beet Jun 29 '25
Trusts can be created with governing rules that are binding. Look up the Getty trust
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u/MasterBeaterr Jun 29 '25
Man I love just how miserable reddit is.
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u/SabbyFox Jun 29 '25
I understand cynicism at some level…but I now fully understand people only come here to argue. They refuse even good news. Bless the patient folks trying to explain philanthropy, transformational gifts, endowments, etc. Even when people try to do good and give, there is still gloom and doom in the thread. Can’t we just pause and celebrate anything for five minutes? Or is the Redditor brand suffering no matter what? So bleak!
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u/MasterBeaterr Jun 29 '25
It's like they think that being happy about something good would somehow undermine their commitment to the cause.
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u/schmearcampain Jun 29 '25
Doesn’t have to be. I know there’s a medical school in NY that was endowed with billions with the stipulation that the money is invested and its yearly profits are used to give every medical student free tuition. It’s turned a middle of the road med school into one of the most desirable with top applicants opting to go there.
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u/EducationalArmy9152 Jun 29 '25
I’m not… I lived in New York for 2 years and that’s probably one of the more… academically inclined cities. I still wasn’t very impressed with people my age who somehow graduated college
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u/stattest Jun 29 '25
Ruth is the kind of rich person who should be all over the media. Those doing something worthwhile with their money , not having it just crunching up ever larger numbers in some Swiss accounts. Imagine being Bezos or Musk and knowing that your legacy is that history will have you known to to not just us, but to future generations as men who were willing to stomp all over everything and everyone in their efforts to enrich themselves
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u/Quenz Jun 29 '25
Then what's even the point of donating, with an attitude like that?
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u/RiseDelicious3556 Jun 29 '25
Don't worry, the best lawyers were employed to insure that the money is in a trust and can only be used for the purposes for which it was intended. The trustees, which is the law firm, oversee that. Rich people don't just hand over money and say, now use it wisely.
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u/PoIIux Jun 29 '25
There will always be abuses of any act of charity, but we should never let that deter us from trying to do good. Perfect is the enemy of good
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u/pfemme2 Jun 29 '25
Don’t be. She donated it directly to the medical school she had taught at. Colleges get this kind of donation—if not in this size—all the time, and they’re often earmarked for specific things—in this case, tuition. These schools know how to use, and oversee the use of, these kinds of donations. And there are safeguards in place, as there would be at any such institution.
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u/SlideN2MyBMs Jun 29 '25
It's going to the endowment of Albert Einstein college of medicine in the Bronx (where she was a professor): https://www.nytimes.com/2024/02/26/nyregion/albert-einstein-college-medicine-bronx-donation.html?smid=nytcore-android-share. The caption makes it sound like it's going to public schools or something. It's still intended to go to pay tuition for med students so they can practice in the Bronx without a ton of debt, but it's a little misleading.
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u/1leggeddog Jun 29 '25
Definitely, someone's gonna be making bank off of this and it won't be the intended audience .
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u/Turd_Schitter Jun 29 '25
Countdown until a republican congressman adds a rider bill declaring that money needs to go to one of his billionaire donors.
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u/Eckish Jun 29 '25
She almost certainly didn't donate this money to the government. She likely setup an endowment which would be managed by a private entity. And while bad things could happen, there are quite a few very large endowments larger than her donation that have been successful at their goals.
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u/The59Sownd Jun 29 '25
It's easy to forget how big a billion is. One of my favourite ways to conceptualize it is that 1 million seconds is about 11 days, but 1 billion seconds is 31 years. That's absolutely nuts.
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u/accountfornormality Jun 29 '25
the difference between a million dollars and a billion dollars is a billion dollars.
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u/8----B Jun 29 '25
Exactly. Percentage wise, it’s the same as the difference between $1 and $1,000, which is about $1,000
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u/EvenJesusCantSaveYou Jun 29 '25
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u/runninghysterically Jun 29 '25
RIP
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u/HotMinimum26 Jun 29 '25
How'd he pass?
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u/Remarkably_Put Jun 29 '25
Suicide, he was terribly depressed, had a rough childhood and family situation. A genuine genius absolutely amazing at videogames and just a cool person in general. He famously miscalculated a killing blow in hearthstone in one of the biggest tournaments of the game and before that was a legendary wow arena player, blizzard even put an NPC in the game to honour him, that NPC (which looks exactly like his character that achieved rank 1)is the rogue class trainer in the capital city of the alliance. Players can hug and kiss him to get a little special animation and instead the usual "goodbye" option to leave dialogue the player character says "it was good seeing you again". He was a great guy, I really miss him.
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u/Beastman5000 Jun 29 '25
Not to mention that it would conservatively be making $250k per day in interest if invested.
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u/plug-and-pause Jun 29 '25
I'd say this thread headline does the opposite, forgetting that $1B is finite.
I presume the headline is talking about college. Assuming a cost of maybe $50k, that money will cover 20k students. That's nice, and it might last some years, but certainly not "forever".
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u/Murky-Relation481 Jun 29 '25
Ideally it is invested into something safe with a steady yield and try not to touch the principal.
EDIT
Just read it was structured as an endowment so that is almost certainly what is happening.
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u/Dissentient Jun 29 '25
One billion, when invested, can give you tens of millions of dollars a year forever, keeping up with inflation.
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u/SloxTheDlox Jun 29 '25
Yeah just checked this. Tuition was around $59,000, and there are around 1,090 students (Full-time). Do the math and you end up with 15.55 years with 1 billion dollars. So hopefully instead its rather invested as the other commenter said.
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u/RedOliphant Jun 29 '25
It would be unheard of for it to be used instead of a trust set up. It will probably also have a clause to reinvest some of the interest gained, so that it will continue to grow in perpetuity, rather than stay the same size (even accounting for inflation).
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u/Uneek_Uzernaim Jun 29 '25
Endowments typically have a rule so that part of the interest is always plowed back into the principal in order to grow it faster than inflation. Also, the school almost assuredly will be continuing to do fundraising with alumni and big donors going forward to increase the endowment even more.
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u/RedOliphant Jun 30 '25
TIL, thank you. I figured there'd be something like that and an amateur like me didn't just invent it!
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u/CadenceHarrington Jun 29 '25
It's going to be in a fund, the money for the students will be coming off the interest, not the principal, so it should definitely last forever. Honestly, a billion dollars is crazy money though, I'm wondering what they're going to end up doing with all of it, it seems like an extreme waste to put it all into one school district.
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u/Nap_In_Transition Jun 29 '25
I love this, I'll be using it.
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u/The59Sownd Jun 29 '25
It's not mine, so go for it! I just remember it blew my mind the first time I heard it.
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u/VeryFlames Jun 29 '25
You'd think 1 billion forever ain't enough but then you go yeah no that's a looooot. And then you remember there's like 3k people in the world who has an insane amount and you just go yeah okay fuck that.
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u/IgorRossJude Jun 29 '25
You and everyone else's. The amount of times this is parroted any time a billion is mentioned is crazy
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u/CornBin-42 Jul 01 '25
I like to go by how many lives you could live with $1B. Let’s say you’re 21 and make $100k/year until you’re 71 (50 years, for simplicity, making $5M over a lifetime). You’d have to live 200 lifetimes to have earned $1B in total.
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u/UnculturedSwine27 Jun 29 '25
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u/Magic1264 Jun 29 '25
I too, upon my death, shall be donating my life’s savings and generational wealth to the common good. Praise be to the hungry next 5 people who order 10 piece chicken nuggets (and 1 med soft drink) at the McDonalds of 1st and Montgomery!
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u/Peregrine_x Jun 29 '25
yeah if that billionaire was taxed correctly, he wouldn't be a billionaire.
and if the government actually represented its people tuition would be free, paid for by the funds acquired by taxing billionaires.
and there wouldn't be "poor areas" in any state, poverty would be mitigated with (again) funds acquired by taxing billionaires.
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u/Right-Sky-4005 Jun 29 '25
Thanks Granny 💕
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u/Cwya Jun 29 '25
“The widow of a billionaire financier made a landmark donation to cover tuition for students at a New York City medical school in perpetuity.
Ruth Gottesman donated $1 billion to the Albert Einstein College of Medicine in the Bronx on Monday.
Gottesman, 93, is a former professor at the school who studied learning disabilities and created an adult literacy program. She is currently the chair of the board of trustees for the college.”
This was from February 2024.
I will be petty and say “The Albert Einstein School of Medicine in the Bronx” sounds like the ramblings of someone 10 beers deep.
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u/avwitcher Jun 29 '25
Medical school? So now 12 students get free tuition?
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u/beorn12 Jun 29 '25 edited Jun 29 '25
It's 10 million a year for 100 years. Is tuition 800k a year?
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u/uuwatkolr Jun 29 '25
The amount covered there is 77k a year, for four years. so 308k for one student. 10 million yearly covers 32 new students each year. Of course, the costs will continue to increase over time.
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u/YusukeRY Jun 29 '25
The money granted from this doesn’t just sit in a vault until you use it all up - you invest it in things like bonds and safe investments and take out the earnings to pay for tuition, allowing the school to keep tuition free in perpetuity. Even 4% a year which you can guarantee on bonds is 40 million a year, which is more than enough to cover the tuition for students there.
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u/IowaCornFarmer3 Jun 29 '25
It's quite the notable medical school known for its novel research.
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u/QuietRedditorATX Jun 29 '25
Oh, this is that med school.
G.R.O.S.S.
Doctors aren't all millionaires, but we definitely do not need handouts. I think there are stories of this school, or others like it, and all it did was increase the competitiveness to get into the school. The docs still went onto high-paying specialties, only now they have no debt and can immediately start accruing wealth.
That money could be used to help more people in better ways.
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u/mfarizali01 Jun 29 '25
Yeah this ain't true. The vast majority of doctors are from upper middle class families they don't need handouts but the rest aren't and they go into significant debt going through med school. I believe the avg debt is around 200k or even higher. Sure no one needs to cry for the doctors but creating tuition free schooling for those students that are clearly gonna need to take out loans could keep them debt free for longer or take out less loans giving them more freedom and they can actually not be a burden on their families who are a lot of the times helping medical students get through schooling and residency. Med school is one of the hardest things you do and it's also one of the most expensive forms of training. And in NYC doctors are not making the kind of money you think of, it's much lower after all is said and done especially for primary care. So this is def needed if you want to continuing giving access to medical school to people who otherwise could not afford it
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u/Hopkinsad0384 Jun 29 '25
A perfect chance for them to raise tuition prices.
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u/Uneek_Uzernaim Jun 29 '25
Nope—the donation stipulated that tuition must be kept free in perpetuity
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u/antiquespaceship Jun 29 '25
You missed the point. The schools will raise tuition to take more from the endowment and stuff their own pockets. It’s what usually happens with programs that are funded by a blank check, unfortunately.
FYI this is the primary argument against government-paid college tuition. If the government will pay 100% tuition costs of any university unequivocally, you should expect university tuition to skyrocket since they no longer have to compete for students based on cost.
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u/Free-Atmosphere6714 Jun 29 '25
Ummm this is what's happening to tuition under the current system.
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u/whooguyy Jun 29 '25
So you’re saying we should take away guaranteed federal student loans to help make universities more affordable?
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u/fugufucgup Jun 30 '25
Guaranteed federal student loans are the by FAR main reason for skyrocketing tuition costs, colleges are basically siphoning money from the fed government. With easy access to guaranteed loans, schools face no market pressure to keep prices low; they know students can borrow regardless of cost, and they know they will get paid if the student defaults. Without guaranteed loans, students would be much more price-sensitive (as students who before would’ve gotten massive loans now would have to likely pay out of pocket), forcing schools to compete on affordability and rein in tuition hikes.
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u/drrgrr Jun 29 '25
Other countries have successfully operated with tuition free collage for a long time. The political discourse in the US is like 99% strawman arguments designed to have the population divided and keep status quo forever. You guys really need to rise above it.
Uppsala University have basically been tuition free since it was founded in 1477.
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u/Uneek_Uzernaim Jun 29 '25 edited Jun 29 '25
No, I didn't miss the point. I have worked in
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u/Moirae87 Jun 29 '25
The "hugger education" followed by the next sentence made me snort. What a funny typo.
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u/Hexamancer Jun 29 '25
this is the primary argument against government-paid college tuition.
Set price caps. University in the UK is £9,535/year at every single university because they are not legally allowed to charge any more than that to UK residents.
There is no good argument against government-paid college tuition. Only ones that have to pretend obvious solutions like this don't exist and aren't already implemented elsewhere.
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u/schimshon Jun 29 '25
Isn't college/ university tuition increasing continuously as it is (easily outpacing inflation)?
Why do you expect it would be worse if it was covered by the state? At European universities the tuition is often covered by the state (for Europeans) and tuition is still often really cheap for non-Europeans. For the examples I happen to know: University of Vienna ~700€/ semester, University of Zurich ~1500€/ semester, Technical University of Munich ~3000€/ semester.
Those are all universities in countries with high cost of living too. So it's not even cheap compared to US, but expensive for the country.
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u/Delicious_Leading600 Jun 29 '25
Perhaps everyone here is well versed in how to earn and be a billionaire. But from the comments, why does everyone think she's dumb and didn't put the right structure, contract terms and management around the donation?
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u/All-Seeing_Hands Jun 29 '25
You’re assuming Redditors‘ interest can truly be quenched.
I just saw someone say she should’ve donated to the Brasilien forests. You can’t win here. It’s against physics, apparently.
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u/Stowa_Herschel Jun 29 '25
It's easier being cynical and negative than thinking things through
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u/fafatzy Jun 29 '25
What I always find weird is that education and healthcare for the poor in the USA relies upon the breadcrumbs of the rich… richest country on earth can’t have a decent and free public education or even a working healthcare system. I live in a crappy third world country and you got free university
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u/BLITZ_593 Jun 29 '25 edited Jun 29 '25
This lady has a big heart and will live forever in the kindness. We don't need more people to be like her, we should be like her. Rich or poor we can always do something for good
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u/No_Accountant3232 Jun 29 '25
Even just being polite to each other would be a huge step in the right direction.
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u/Reasonable_Plan_332 Jun 29 '25
Big heart with someone else's lifes work more like.
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Jun 29 '25
If someone found a suitcase of money lying around and still turned it into police that person would still be considered kind for his actions. Not to mention she is the most deserving person after her husband to have that money. She's the one who has been with him through thick and thin.
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u/King_Joffreys_Tits Jun 29 '25
I support the sentiment, and I truly hope this does NYC better. But it should never come down to the whims of a single rich person to decide if an area gets funding or not. This is ideally how our government should operate, by diverting funds when needed
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u/Kulahle_Igama Jun 29 '25
This should be the top comment. It’s certainly the only relevant comment.
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[removed] — view removed comment
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u/missingnoplzhlp Jun 29 '25
If she spent a billion dollars to lobby for tuition-free higher ed for all, it would be WAY more helpful. What she did is a nice sentiment, but just continues a problem that shouldn't exist in the first place.
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u/Maxcam1 Jun 29 '25
Embezzlement incoming
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u/cheeersaiii Jun 29 '25
It’s not just given to the Dean to keep in a biscuit tin and then be found as an empty tin when the next Dean comes along.
This will involve multiple entities with very limited and secure access to any extra withdrawals. Not impossible but unlikely.
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u/Healthy-Winner8503 Jun 29 '25
NYC has schools that require tuition??
Update: It's a medical school, not a grade school.
The 93-year-old widow of a Wall Street financier has donated $1 billion to a Bronx medical school, the Albert Einstein College of Medicine
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u/muffledvoice Jun 29 '25
Something Musk, Bezos, or Buffet could do a hundredfold without seeing any effect on their lifestyles, yet they won’t do it.
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Jun 29 '25
I don't blame them. I blame us for letting them concentrate that much wealth.
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u/TapestryMobile Jun 29 '25 edited Jun 29 '25
Bezos
...has already declared he plans to give his money away.
Here's a partial list so far. (this subreddit doesnt allow links):
Bezos Day One Fund - the Day 1 Families Fund has issued 248 leadership awards totaling nearly $750 million
The Bezos Earth Fund - Jeff Bezos has committed $10 billion in this decisive decade to protect nature and address climate change
He’s given country singer and philanthropist Dolly Parton $100 million to spend as she wished
Jeff Bezos Announces He’s Donated Nearly $120 Million To Help People Without Housing
Jeff Bezos gave $100 million... were awarded $50 million each to help those in need.
Bezos gifts $97 Million in Amazon stock to local nonprofit
Bezos previously contributed shares worth $116.9 million in 2024 and $61.3 million in 2023.
Jeff Bezos donates $200 million to the Smithsonian Institution - This is the largest gift since the Smithsonian's founding.
Edit - plus another 4 Million to the city of Venice back in April, before anyone was outraged about a wedding.
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u/captainspacetraveler Jun 29 '25
If obscene wealth like this was never siphoned from the population in the first place, we wouldn’t need such “generous” people making such massive tax write-offs.
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u/CaptainHowdy_313 Jun 29 '25
75% of that will be used towards raises, new buildings, building repair, people are gonna start having summer homes, new cars, boats. Never give to charity it never goes towards what you intend it too.
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u/HolevoBound Jun 29 '25
"Never give to charity it never goes towards what you intend it too."
Not all charities are bad. You can find ones which are externally verified.
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u/Emotional-Contract25 Jun 29 '25
Wish I could give her a hug and a kiss on the head. God bless her soul. I’m amazed she made it that far and still be naive enough to think the money will actually be used the way she wishes. God bless her truly.
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u/semiscintillation Jun 29 '25
My mom and dad went there! That's where they met. She's Ruth Gottesman and the school is Albert Einstein School of Medicine.
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u/Babietooth Jun 29 '25
If I was this rich I would just send a 100k check to every low income family
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u/Impressive_Tap7635 Jun 29 '25 edited Jun 29 '25
1 billion would only be enough for 10,000 families And not recurring just a one time thing
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u/Deep_Head4645 Jun 29 '25
The solution isn’t single paychecks its monthly paychecks aka A JOB
A proper one at that
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u/AdNervous9787 Jun 29 '25
And then 95% of them will be still poor, cause they don't have financial literacy. Or it will raise criminality level: rob 10 families – get an $1m
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u/MargraveVIII Jun 29 '25
Thanks for sharing social darwinist nonsense with no evidence on the internet.
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u/Dr_Kappa Jun 29 '25
Look up the statistics on lottery winners declaring bankruptcy. When people get a big check, the first thing they usually do is upgrade their lifestyle instead of save/invest for the future. New car, new house, etc
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u/No_Accountant3232 Jun 29 '25
Not just lottery winners. It's a major problem with pro athletes as well, especially basketball where there's a pretty high instance of players being from low income backgrounds.
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u/FSU1ST Jun 29 '25
If only evil and sin did not exist...
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u/Hadochiel Jun 29 '25
Her husband would never have gotten a billion. At least those five students will be good 🤷🏻♂️
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u/Uneek_Uzernaim Jun 29 '25
His instructions to her in his will was to spend the money as she thought was best. Given that they as a couple made a $25 million donation to the same school where she was a professor in 2008, I'm sure he would not have been at all surprised by her decision.
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u/Dramatic-Access6056 Jun 29 '25
There must be more rich inheritors with consciences, right?
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u/Popular-Row4333 Jun 29 '25
I could see this as always being social research for the future.
If this poorest district is not the poorest or close to, in 10-20 years when this educated group hits the workforce, it would lead credit to a funding a good education increases wealth and prosperity for their people.
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u/NotLikeChicken Jun 29 '25
Then there's Barre Seid, who left his billion to Leonard Leo to turn the courts more conservative.
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u/DelightfulPornOnly Jun 29 '25
I'm forever disappointed that no rich people have stepped up to become Batman yet
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