Billionaire Perelman Donates $25M to Penn for New Center

Monday, 04 Feb 2013 06:32 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Billionaire investor Ronald Perelman donated $25 million to the University of Pennsylvania to create a new home for the political science and economics departments.

The renovated space will be named the Ronald O. Perelman Center for Political Science and Economics, Philadelphia-based Penn said today in a statement.

“This gift underscores my deeply held belief that our next generation must be given the tools to not only understand but positively impact government and the increasingly complex global economy,” Perelman, 70, said in the statement.

Perelman holds undergraduate and graduate degrees from Penn’s Wharton School. Among his previous donations was $20 million to create the Perelman Quadrangle, which paid for building restorations in Penn’s historic core. Perelman is chairman and chief executive officer of MacAndrews & Forbes Holdings Inc., which invests in industries including consumer products, entertainment and financial services.

In 2011, Perelman’s parents gave $225 million, to Penn’s medical school, the largest single gift in the school’s history.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Man Detained after Threats at LA Times Building

Saturday, 19 Apr 2014 22:03 PM

A man suspected of making threatening statements about a shooting and forcing the lockdown of the Los Angeles Times buil . . .

Body Found by Highway Is Missing Massachusetts Boy

Saturday, 19 Apr 2014 21:42 PM

The body of a small boy apparently cast off the side of a highway in Massachusetts has been confirmed as a missing 5-yea . . .

Scam Burns Miami-Dade Fire Department From Within

Saturday, 19 Apr 2014 21:33 PM

South Florida is no stranger to insurance fraud. But a recently exposed scam involving public workers is sure to leave t . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved