The Chronicle of Philanthropy

A Billionaire Philanthropist Finds Small Gifts Lead to Big Pledges

New York

At the MacAndrews & Forbes holiday party last December, Ronald O. Perelman, the New York holding company's billionaire owner, handed out checks of $25,000 apiece to four small social-service charities.

"I have some major gifts under consideration, and I know that with the troubled economy it will...

To continue reading this Premium article, you must have a Chronicle account AND a subscription or online pass.

Subscriptions start at $42.50 for 12 issues; a 24-hour Web pass for under $10.

 

Subscribe | About The Chronicle | Contact us | Terms of use | Privacy policy | Help