In March 1946, Goldstein said the foundation had raised ten million dollars that it would use to open the school by the following year. The foundation purchased Middlesex University's land and buildings for two million dollars. The charter of this operation was transferred to the Foundation along with the campus. The founding organization was announced in August and named The Albert Einstein Foundation for Higher Learning, Inc. The new school would be a Jewish-sponsored secular university open to students and faculty of all races and religions.