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
Please review Community Guidelines before posting a comment.
>> 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:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Prosecutor: McDonnells Had 'Corrupt Understanding'

Friday, 29 Aug 2014 14:04 PM

Former Virginia Gov. Bob McDonnell took bribes and sold his office to promote a sketchy nutritional supplement for a bus . . .

Sen. Harry Reid: Redskins Owner Offered Gifts to Nevada Tribe

Friday, 29 Aug 2014 13:19 PM

Senate Majority Leader Harry Reid, who has been arguing that the Washington Redskins' name is racist, claims team owner  . . .

Obama to Attend Chef's Wedding Amid Scrutiny of 'Let's Move' Program

Friday, 29 Aug 2014 13:02 PM

Sandwiched between high-end fundraisers, President Barack Obama plans to travel to upstate New York to attend the weddin . . .

Most Commented

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