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File #: 190032    Version: 0 Name:
Type: Resolution Status: ADOPTED
File created: 1/24/2019 In control: CITY COUNCIL
On agenda: Final action: 1/24/2019
Title: Honoring and remembering the late Raymond G. Perelman, master investor and philanthropist, who passed away Monday January 14, 2019 at the age of 101.
Sponsors: Councilmember Domb, Councilmember Bass, Councilmember Henon, Councilmember Taubenberger, Councilmember Squilla, Councilmember Green, Councilmember Blackwell, Councilmember Parker, Councilmember Gym, Councilmember O'Neill, Councilmember Greenlee, Councilmember Jones, Councilmember Oh, Councilmember Johnson
Attachments: 1. SignatureCopy19003200
Title
Honoring and remembering the late Raymond G. Perelman, master investor and philanthropist, who passed away Monday January 14, 2019 at the age of 101.
Body
WHEREAS, Raymond Perelman became one of the greatest philanthropists that this City has ever known, yet he came from modest beginnings. Born in August of 1917 to Lithuanian immigrants in Philadelphia, Raymond came from nothing but made a fortune through hard, honest work; and
WHEREAS, In his early days Mr. Perelman worked for his father expanding the family business and studying for a degree from Penn's Wharton School before serving as a flight officer in WWII. After the War, Mr. Perelman returned to the Philadelphia Area raising his family in Elkins Park and beginning his empire by purchasing defunct factory buildings; and
WHEREAS, Mr. Perelman, determined to succeed, did not shy away from risks that would send feebler men running. His late wife Ruth attributed his penchant for success to an insatiable fire in his belly. Over the years Mr. Perelman would buy, sell, and rehabilitate dozens of businesses. He was dynamic enough to see opportunity where others only saw risk and he was diligent enough to bring that opportunity to fruition; and
WHEREAS, While Mr. Perelman realized success in finances, that is not what made him a beloved member of the Philadelphia community; it was his personal commitment to use his success to help those in need. Mr. Perelman's generosity and dedication to the betterment of the City of Philadelphia is the legacy he left behind and generations to come will benefit from his contributions; and
WHEREAS, Ray and Ruth Perelman made all donations in both of their names. In 2011, they donated $225 million to Penn's medical school which was renamed the Raymond and Ruth Perelman School of Medicine. The couple also gave $25 million to the Perelman Center for Advanced Medicine, Penn's outpatient facility. Other Perelman gifts include $15 million to what is now the Philadelphia Mus...

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