Medical school receives large bequest from individual donor
April 17, 2013
Medical schools in the United States are among the best across the globe. American academic institutions are world-renowned for providing future physicians with the knowledge they need to enter the workforce and save lives. However, these facilities need funding to supply various things like educational materials, some textbooks, professors' salaries and the upkeep of the buildings themselves.
The estate of the late Muriel Block recently made a bequest of nearly $160 million to the Albert Einstein College of Medicine at New York's Yeshiva University, and it is the largest amount the university has ever received. The money was given in the name of both Muriel and her late husband Harold Block. To honor their memories, university leaders plan to name various facilities after them, like the Harold and Muriel Block Building, which will house administrators and research facilities, and the Harold and Muriel Block Institute for Brain Research.
The Blocks have been major figures at the Albert Einstein College of Medicine since the 1970s, when Muriel and her husband joined the Einstein's Society of Founders.
With this donation, the medical school recently announced an initiative to raise $500 million in "The Campaign to Transform Einstein." Thus far, $400 million has been garnered, and the overall total will be allocated to research.
Organizations that are looking to raise funds through grant opportunities or local campaigns can use nonprofit financial management solutions to improve their chances of success. The software can help program leaders identify potential donors and send out applications with accurate accounting information.