BREAKFAST WITH THE CANDIDATES: WATCH: Part 1 | Part 2 | RECAP | PHOTOS | #cbsphillydebate

Local

Penn Gets $25M Gift For Politics, Economics Departments

View Comments
penn

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

PHILADELPHIA (AP) — The University of Pennsylvania has received $25 million to create a new home for its departments of political science and economics.

The gift announced Monday comes from Ronald Perelman, a philanthropist and chairman of cosmetics giant Revlon Inc. He’s also a trustee and alumnus of the Ivy League school in Philadelphia.

Political science and economics are two of Penn’s most popular majors. The funds will allow the departments to move into a building together in the heart of campus.

Perelman says in a statement that students must be given the tools to understand and make a positive impact on government and the global economy.

His parents, Raymond and Ruth Perelman, gave $225 million to Penn’s School of Medicine in 2011. It’s the largest donation in university history.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Content On CBSPhilly

View Comments
Follow

Get every new post delivered to your Inbox.

Join 32,495 other followers