Raymond G. Perelman Donates $50 Million to The Children’s Hospital of Philadelphia

The Children's Hospital of Philadelphia Raymond G Perelman

The Children’s Hospital of Philadelphia (CHOP) received a $50 million gift from Raymond G. Perelman. This gift, equal to the largest ever received by CHOP, will directly support a wide range of pediatric research, tackling the toughest and most challenging pediatric illnesses and establishing CHOP as a global center for innovative pediatric study. In recognition of this extraordinary gift for research, CHOP will establish the Raymond G. Perelman Campus, an eight-acre area that will serve as a hub of pediatric research and clinical innovation at CHOP.

Raymond G. Perelman was born in Philadelphia, raised in the Feltonville and Olney sections of the city and attended the University of Pennsylvania. After serving in WWII, he began a 50-year career with American Paper Products Co., a family business. He is currently CEO of RGP Holdings.

“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, chair, Board of Trustees at The Children’s Hospital of Philadelphia. “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, ” he said.

“We know first-hand the tremendous resource that CHOP represents to families in the Philadelphia region, across the country and around the world, ” said Raymond G. Perelman. “This gift will help to ensure that critically important pediatric research, conducted on this campus, remains second to none; in addition to making a tangible difference in the lives of children around the globe for many years to come, it is my hope and expectation that advances in medical research funded by this gift will benefit us all, ” he said.

“The Philadelphia community has long benefited from the generosity and commitment of Raymond Perelman, ” said Steven M. Altschuler, MD, chief executive officer of The Children’s Hospital of Philadelphia. “The impact of Mr. Perelman’s gift will be felt long into the future, helping generations of children live healthier lives. Raymond’s kindness and vision are truly remarkable, ” he said.

The significance of the Perelman gift was noted by two other donor families whose past generosity place them among the most significant supporters of CHOP’s clinical and research endeavors: Ruth and Tristram Colket, Jr.; and the Buerger family, Constance and Alan Buerger, Krista and Reid Buerger, and Grant Buerger.

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