CHOP Receives $50 Million for Pediatric Research

The Children's Hospital of Philadelphia has announced a $50 million gift from Raymond G. Perelman in support of pediatric research.

The gift will establish the Raymond G. Perelman Research Fund, which will provide direct support for the Raymond G. Perelman Center for Cellular & Molecular Therapeutics; two new tenure-track faculty positions at CHOP; the Perelman Fund for Research Innovation; the Perelman Endowed Chair in Pediatric Ophthalmology; and general support for the CHOP Research Institute.

In recognition of the gift, which equals the largest ever to CHOP, the hospital will name its new eight-acre campus — which includes the Ruth and Tristram Colket, Jr. Translational Research Building, the new Buerger Center for Advanced Pediatric Care, and a two-and-a-half- acre plaza — the Raymond G. Perelman Campus.

Born and raised in Philadelphia, Perelman attended the University of Pennsylvania. After serving during World War II, he began a fifty-year career with American Paper Products Co., a family business. He currently serves as CEO of RGP Holdings and is the father of billionaire investor and philanthropist Ronald O. Perelman.

"The significant research funding associated with this gift underscores the commitment of Raymond Perelman to world-class pediatric research and medicine," said Mortimer J. Buckley, chairman of the CHOP board of trustees. "Through his generosity, Mr. Perelman is first and foremost improving the lives of children for generations to come, and we will always be grateful for his altruism."

"CHOP Announces $50 Million Gift to Fund Clinical and Research Transformation." Children's Hospital of Philadelphia Press Release 01/20/2015.