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:
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

3 States Deny Gay Unions Despite Appellate Rulings

Thursday, 23 Oct 2014 06:21 AM

The writing is on the wall for gay marriage bans in Kansas, Montana and South Carolina after federal appeals courts that . . .

Lawyers: Dallas Hospital Not at Serious Risk Over Ebola Death

Wednesday, 22 Oct 2014 23:27 PM

If they decided to seek more than an apology from Texas Health Presbyterian Hospital, the family of Thomas Eric Duncan,  . . .

Nancy Snyderman, NBC Crew Freed From Ebola Quarantine

Wednesday, 22 Oct 2014 19:47 PM

NBC News' chief medical editor, Dr. Nancy Snyderman, and the rest of her crew have been released from their 21-day Ebola . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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