Yeshiva U. Sheds Burden of Albert Einstein Medical School — But at What Cost?

'Crown Jewel' of Modern Orthodox Flagship Is Gone

Model Med School: Albert Einstein checks out scale model of Yeshiva University’s medical school in the Bronx. He is flanked by Yeshiva University president, Samuel Belkin (left) and New York’s attorney general, Nathaniel Goldstein.
ap image
Model Med School: Albert Einstein checks out scale model of Yeshiva University’s medical school in the Bronx. He is flanked by Yeshiva University president, Samuel Belkin (left) and New York’s attorney general, Nathaniel Goldstein.

By Paul Berger

Published May 27, 2014.
  • Print
  • Share Share
  • Single Page

After almost 60 years as a prestigious secular jewel in its crown, cash-strapped Yeshiva University will cede control of the Albert Einstein College of Medicine to Montefiore Medical Center.

In a May 27 statement, Montefiore and Y.U. announced that they would create a new joint entity in which Montefiore would assume greater responsibility for operations and financial management of Einstein, while Y.U. would continue as Einstein’s degree-granting parent.

Y.U.’s president Richard Joel alluded to the university’s financial problems in his statement announcing the creation of a new entity to run Einstein, which he called a “historic” decision.

“We are delighted to emphasize our shared commitment to assuring the continuity and growth of the educational and research functions of Einstein while remaining a leader in medical education,” Joel said in the statement. “At the same time, we are taking a powerful and important step towards building a financially sustainable Yeshiva University.”

Many details remain unclear about the merger, including just how much control Montefiore will now exercise over Einstein’s academic and research activities in exchange for the bill it is footing. But just one year ago, outwardly at least, the joining of Montefiore and Einstein seemed unthinkable.

At a gala dinner held at the Plaza Hotel in April of last year, 400 supporters of Einstein listened to an announcement by Einstein’s dean, Dr. Allen M. Spiegel, of the school’s largest-ever fundraising effort, a $500 million capital campaign.

Spiegel followed the announcement by revealing that Einstein had raised $400 million for the campaign already, thanks in part to the largest gift in Einstein’s history: a commercial real estate bequest, from the estate of Muriel Block, valued at more than $160 million.

Ruth L. Gottesman, chair of Einstein’s Board of Overseers, told the dinner guests: “I have never been more enthusiastic about our future.”

But a Forward review of financial documents, as well as interviews with Y.U. faculty and with financial analysts, suggests that Einstein’s future even then was far from rosy.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • The images, which have since been deleted, were captioned: “Israel is the last frontier of the free world."
  • As J Street backs Israel's operation in Gaza, does it risk losing grassroots support?
  • What Thomas Aquinas might say about #Hamas' tunnels:
  • The Jewish bachelorette has spoken.
  • "When it comes to Brenda Turtle, I ask you: What do you expect of a woman repressed all her life who suddenly finds herself free to explore? We can sit and pass judgment, especially when many of us just simply “got over” own sexual repression. But we are obliged to at least acknowledge that this problem is very, very real, and that complete gender segregation breeds sexual repression and unhealthy attitudes toward female sexuality."
  • "Everybody is proud of the resistance. No matter how many people, including myself, disapprove of or even hate Hamas and its ideology, every single person in Gaza is proud of the resistance." Part 2 of Walid Abuzaid's on-the-ground account of life in #Gaza:
  • After years in storage, Toronto’s iconic red-and-white "Sam the Record Man" sign, complete with spinning discs, will return to public view near its original downtown perch. The sign came to symbolize one of Canada’s most storied and successful Jewish family businesses.
  • Is $4,000 too much to ask for a non-member to be buried in a synagogue cemetery?
  • "Let’s not fall into the simplistic us/them dichotomy of 'we were just minding our business when they started firing rockets at us.' We were not just minding our business. We were building settlements, manning checkpoints, and filling jails." What do you think?
  • PHOTOS: 10,000 Israel supporters gathered for a solidarity rally near the United Nations in New York yesterday.
  • Step into the Iron Dome with Tuvia Tenenbom.
  • What do you think of Wonder Woman's new look?
  • "She said that Ruven Barkan, a Conservative rabbi, came into her classroom, closed the door and turned out the lights. He asked the class of fourth graders to lie on the floor and relax their bodies. Then, he asked them to pray for abused children." Read Paul Berger's compelling story about a #Savannah community in turmoil:
  • “Everything around me turns orange, then a second of silence, then a bomb goes off!" First installment of Walid Abuzaid’s account of the war in #Gaza:
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.