Kenneth and Elaine Langone have made a generous $200 million gift to NYU Long Island School of Medicine, according to a university news release.
Kenneth is the co-founder of the Home Depot chain.
The donation is intended to ensure that medical students can continue to receive free medical education focused on primary care, such as internal medicine, obstetrics and gynecology, pediatrics, and general surgery.
This donation ensures that all students, regardless of financial need, receive full-tuition scholarships indefinitely at the school.
The donation is intended to provide more opportunities for future physicians while increasing access to healthcare on Long Island.
“By providing our future physicians with an affordable education, we are investing in a brighter, healthier future for all, particularly here on Long Island where Elaine and I grew up,” said Kenneth Langone, Chairman of the NYU Langone Board of Trustees.
In addition to the donation, the school will change its name to ‘NYU Grossman Long Island School of Medicine’ in honor of Robert I. Grossman, who is the CEO of NYU Langone Health and dean of the prestigious NYU Grossman School of Medicine in Manhattan.
“Offering a free, world-class medical education here on Long Island ensures that many of these future doctors will remain and practice on Long Island. None of this would have been possible without the visionary leadership of Bob Grossman who shaped the future of medicine,” said Kenneth Langone.
“This extraordinary gift from Ken and Elaine ensures that, like the class entering today, students for generations to come will be able to pursue their passion for medicine, regardless of background and financial status,” said Dean Robert I. Grossman, said Dr. Grossman.
“Our goal has always been to offer exceptional opportunities to the most talented students. The focus on primary care at NYU Grossman Long Island School of Medicine also allows them to fill a critical need in our local communities and make a real impact. I wish each of them great success on the wonderful path they have chosen,” Grossman added.
The medical school was created four years ago and offers a shorter three-year program compared to most other four-year medical schools.
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