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February 28, 2008

Two New York Medical Institutions Share $50-Million Gift

Ronald O. Perelman, chairman of MacAndrews & Forbes Holdings, the majority shareholder of Revlon cosmetics, announced today that he is donating $50-million to support heart care and reproductive-medicine research at New York-Presbyterian Hospital and Weill Cornell Medical College, reports the Associated Press.

The money will be used to establish the Ronald O. Perelman Heart Care Institute and will support research and clinical care at the newly named Ronald O. Perelman and Claudia Cohen Center for Reproductive Medicine.

Mr. Perelman serves on the hospital’s Board of Trustees and on the medical college’s Board of Overseers.

Ms. Cohen, a newspaper gossip columnist and television entertainment correspondent, was Mr. Perelman’s ex-wife. She died from ovarian cancer last year.

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