Perelman giving $50M to CHOP

A Philadelphia philanthropist is giving $50 million to the city’s renowned children’s hospital.

The Inquirer reports the Children’s Hospital of Philadelphia will announce Raymond Perelman’s gift Wednesday. It’s one of the biggest the hospital has received.

The hospital says it’ll use the money to support its Center for Cellular and Molecular Therapeutics, Fund for Research Innovation and Endowed Chair in Pediatric Ophthalmology. It’ll also fund general research and a program for scholars.

The hospital says it’ll name eight acres of its University City campus in honor of the 97-year-old Perelman.

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Perelman has given nearly $340 million to Philadelphia-area organizations, including $225 million to the University of Pennsylvania.

He tells the newspaper he’s fortunate to be able to enhance a great resource like Children’s Hospital of Philadelphia even further.

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