 On November 1, 1946, the foundation announced that the new university would be named Brandeis University, after Louis D. Brandeis, justice of the United States Supreme Court.By the end of 1946, the foundation said it had raised over five hundred thousand dollars, and two months later it said it had doubled that amount.Brandeis felt it was in no position to make the investment in the medical school that would enable it to receive accreditation, and closed it in 1947.