Ronald O. Perelman Pledges $100 Million To Columbia Business School To Shape The Next Generation Of Global Business Leaders

 Ronald O. Perelman Pledges $100 Million To Columbia Business School To Shape
                The Next Generation Of Global Business Leaders

Landmark gift to support development of new Business School facilities on
Columbia's Manhattanville Campus

PR Newswire

NEW YORK, May 2, 2013

NEW YORK, May 2, 2013 /PRNewswire/ --Columbia Business School announced today
that Ronald O. Perelman, Chairman and CEO of MacAndrews & Forbes Holdings Inc.
and a member of the School's Board of Overseers, has pledged $100 million to
Columbia Business School. The gift will be used to develop a new facility
that will strengthen the School's innovations and programs that are creating
the next generation of global business leaders.


"We are grateful for Ronald O. Perelman's generosity to the University," said
Columbia President Lee C. Bollinger. "His major gift will not only benefit
future generations of Columbia Business School students, but a wider
University community in which a dynamic business education must play a vital
role in the broader academic mission. Our world has been changed by the
global marketplace, so business schools and universities must respond with new
thinking and new structures for learning about our economy and society. The
Perelman Center will be part of an interdisciplinary and environmentally
sustainable urban campus that will help define Columbia's next century."

In recognition of Mr. Perelman's generosity, the Business School will name one
of its two buildings on the new campus the Ronald O. Perelman Center for
Business Innovation.

"The business landscape is changing rapidly and dramatically, and as such the
principles that define strong business leadership — such as an entrepreneurial
mindset and solving complex challenges — are more important now than ever
before," said Mr. Perelman. "It is our responsibility to ensure that we are
building a generation of great business leaders who drive success in an
ever-changing, competitive global economy, and I believe Columbia Business
School has its finger on the pulse of the changing nature of business
education. I am extraordinarily pleased to pledge this gift to help them
prepare the next generation of business leaders for 21st century challenges."

Perelman has been a longtime and devoted member of the Columbia Business
School community, serving on its Board of Overseers since 1994. He is an
active philanthropist who believes powerful results can be achieved when
financial resources are leveraged with human resolve. Perelman has
established the Revlon/UCLA Women's Cancer Research Program, the Ronald O.
Perelman Department of Dermatology at New York University Langone Medical
Center, the Ronald O. Perelman Heart Institute at New York-Presbyterian
Hospital, and the Ronald O. Perelman and Claudia Cohen Center for Reproductive
Medicine at Weill Cornell Medical Center. He serves on the boards of the New
York University Langone Medical Center, New York-Presbyterian Hospital, Weill
Cornell Medical Center, Ford's Theater, Apollo Theater Foundation, and
Carnegie Hall.

"Throughout the past four decades Ronald has proven himself to be one of the
most accomplished investors and philanthropists of his time. He displays the
type of instinct and insight that are hallmarks of a true leader — the very
same traits that we seek to instill in our students here at Columbia Business
School," said Glenn Hubbard, Dean of Columbia Business School. "The Perelman
Center will allow Columbia Business School to continue pioneering
breakthroughs in management education, such as moving beyond functional
expertise or siloed learning and ensuring a more integrated curriculum for our
students. It will help us create the classrooms of tomorrow and foster an
even greater collaborative spirit among recruiters, students, alumni, and
faculty members, paving the way for a stronger network and more meaningful
outcomes for our community."

Hubbard continued: "We have always had the talent, ideas, curriculum,
research, and community of a stellar business school. Soon, thanks to
Ronald's generosity and that of our other donors, we will have the facilities
to match. On behalf of the students, faculty, staff, and graduates of
Columbia Business School, I would like to express our sincere gratitude to
Ronald for his generous gift."

The two new Business School buildings on the Manhattanville campus will be
designed by renowned New York architecture firm Diller Scofidio + Renfro and
will reflect the fast-paced, high-tech, and highly social character of
business in the 21st century. The facilities will encompass more than 450,000
square feet and will offer multifunctional spaces that foster a sense of
community — spaces where students, faculty members, alumni, and practitioners
can gather to exchange ideas. The Ronald O. Perelman Center for Business
Innovation will be situated opposite The Henry R. Kravis Building, which is
named in recognition of a generous 2010 gift made by alumnus Henry R. Kravis

To learn more about Columbia Business School's multifaceted efforts to create
the next generation of global business leaders, please visit

About Columbia Business School
Led by Dean Glenn Hubbard, the Russell L. Carson Professor of Finance and
Economics, Columbia Business School is at the forefront of management
education. The School's cutting-edge curriculum bridges academic theory and
practice, equipping students with an entrepreneurial mindset to recognize,
capture, and create opportunity in a competitive business environment. Beyond
academic rigor and teaching excellence, the School offers programs that are
designed to give students practical experience making decisions in real-world
environments. The school offers MBA, Masters, and PhD degrees, as well as
non-degree Executive Education programs. For more information, visit

About Columbia University
A leading academic and research university, Columbia University continually
seeks to advance the frontiers of knowledge and to foster a campus community
deeply engaged in understanding and addressing the complex global issues of
our time. Columbia's extensive public service initiatives, cultural
collaborations, and community partnerships help define the University's
underlying values and mission to educate students to be both leading scholars
and informed, engaged citizens. Founded in 1754 as King's College, Columbia
University in the City of New York is the fifth oldest institution of higher
learning in the United States.

SOURCE Columbia Business School

Contact: Christopher Cashman, Columbia Business School, 212-854-2747,
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