How Warren Buffett Is Linked To Billion-Dollar Medical School Donation: 'Free Tuition' Into Perpetuity, Ruth Gottesman Pledges
Portfolio Pulse from Chris Katje
Ruth Gottesman, widow of David Gottesman, a former Berkshire Hathaway Inc. director and Warren Buffett's colleague, has donated $1 billion to the Albert Einstein College of Medicine. This donation, funded by a portfolio of Berkshire Hathaway stock left to her by her late husband, aims to provide free tuition for medical students. It's one of the largest charitable donations to a U.S. school and possibly the largest to a medical school ever. Berkshire Hathaway's shares have significantly outperformed the broader market over the past decades.
February 27, 2024 | 9:28 pm
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Ruth Gottesman's $1 billion donation to the Albert Einstein College of Medicine was funded by Berkshire Hathaway stock, showcasing the company's significant role in philanthropy and its strong performance over the years.
The donation underscores the value and impact of Berkshire Hathaway's stock, potentially fostering a positive perception among investors. Given the company's historical performance and association with philanthropy, this news could further enhance its reputation, possibly influencing short-term investor sentiment positively.
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