Tuesday, September 1, 2015

Perelmans' Ivy millions: Ray to Penn, Ron to Columbia

$100 milllion for Manhattanville business school

Perelmans' Ivy millions: Ray to Penn, Ron to Columbia

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95-year-old Philadelphia M&A artist Ray Perelman may have renamed the University of Pennsylvania's nearly 250-year-old medical school for hmself with his $225 million gift two years ago. Son Ron (of Revlon, MacAndrews & Forbes, etc.) has picked alma mater Columbia as his Ivy League object of affection, coming across with $100 million for Columbia Business School's new Manhattanville campus in New York (for which Columbia has been fighting rival and neighborhood interests for years), to match KKR merger manic Henry Kravis' $100 million gift. 

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About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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