Institute for Advanced Study

The Institute for Advanced Study is a private institution in Princeton Township, New Jersey, designed to foster pure cutting-edge research by scientists in a variety of fields without the complications of teaching or funding, or the agendas of sponsorship. It is perhaps best known as the academic home of Albert Einstein after his immigration to the United States.

History

The institute was founded in 1930 by Louis Bamberger and Caroline Bamberger Fuld with the proceeds from their department store in Newark, New Jersey. The founding of the institute was fraught with brushes against near-disaster; the Bamberger siblings pulled their money out of the stock market just before the Stock Market Crash of 1929, and their original intent was to express their gratitude to the state of New Jersey through the founding of a dental school. It was the intervention of their friend Dr. Abraham Flexner, the prominent education theorist, that convinced them to put their money in the service of more abstract research.

Related Topics:
1930 - Louis Bamberger - Caroline Bamberger Fuld - Newark, New Jersey - Stock Market Crash of 1929 - Dental school - Abraham Flexner

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