Tuesday, July 29, 2014
Inquirer Daily News

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

$100 milllion for Manhattanville business school

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

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. 

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

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

Joseph N. DiStefano
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