Top Philanthropic Donors: Raymond and Ruth Perelman

Since 1992, Raymond Perelman has been President and Chairman of the Board of RGP Holdings, Inc., a privately held holding company comprised of a vast array of manufacturing, mining and financial interests. Mr. Perelman serves as a PENN Medicine Trustee, and is a 1940 graduate of the University of Pennsylvania's Wharton School of Business.

Mr. and Mrs. Perelman are Trustees of the Raymond and Ruth Perelman Education Foundation, Inc., which supports Jewish cultural and welfare organizations, as well as arts and history museums and other cultural institutions. The Perelmans are parents to Jeffrey E. and Ronald O. Perelman, who also have distinguished careers in both business and philanthropy, and close ties to the city of Philadelphia and University of Pennsylvania.

Mr. Perelman, 94, and his wife, Ruth, who was 90 when she died last summer, pledged $225 million to the University of Pennsylvania to endow the Raymond and Ruth Perelman School of Medicine. The Perelmans placed no restrictions on how the money should be used. University officials have said they plan to hire more medical researchers and faculty members and increase financial aid for medical students.

Mr. Perelman serves on the medical school’s Board of Trustees and graduated from the university’s Wharton School in 1940. The couple, who announced this pledge several months before Mrs. Perelman died, gave the university $25 million in 2005 for the Ruth and Raymond Perelman Center for Advanced Medicine. Mr. Perelman said he and his wife began learning more about the health-care system and the needs of the medical profession after they gave the 2005 donation. He told The Chronicle that the couple decided to pledge the $225 million to the medical school because of their concerns about the American health-care system and the demands of the new law to overhaul it.

The couple also pledged nearly $1.3 million to the National Museum of American Jewish History for the Philadelphia institution’s new building. Mr. Perelman serves as a museum trustee. In addition, they pledged $600,000, of which $100,000 has been paid, to the Bascom Palmer Eye Institute, in Miami; and they gave $100,000 to each of four nonprofits: American Friends of Israel Museum, in New York; Jewish Federation of Greater Philadelphia, Perelman Jewish Day School, in Wynnewood, Pa.; and the Philadelphia Museum of Art. The Perelmans also gave $50,000 to the Cleveland Clinic.

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