Perelman Gives $50 Million to CHOP

The gift will help establish a new 8-acre campus at the hospital.

The Children's Hospital of Pennsylvania at UPENN.

The Children’s Hospital of Philadelphia.

Philanthropist Raymond G. Perelman has given $50 million to the Children’s Hospital of Philadelphia, which will be used to develop an 8-acre campus for health research and scholarship.

The new Raymond G. Perelman Campus “will serve as a hub of pediatric research taking on the most challenging pediatric illnesses and establishing Children’s Hospital of Philadelphia as a global center for innovative pediatric study,” 6ABC reports.

“The Philadelphia community has long benefited from the generosity and commitment of Raymond Perelman,” Dr. Steven M. Altschuler, CHOP’s CEO, said in the hospital’s announcement of the gift. “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.”

Perelman is no stranger to medical philanthropy. In 2011, he and his wife, Ruth, gave $225 million to Penn Medical School.

The new campus will be on CHOP’s property, located on Civic Center Boulevard just south of the main hospital.