Skip to content
Subscriber Only

Princeton Gets $65 Million From Perelmans to Add Undergrads

  • School to admit more low-income, first-generation students
  • Debra Perelman, a 1996 alumna, and father Ronald are donors
Debra Perelman and her father Ronald O. Perelman.
Debra Perelman and her father Ronald O. Perelman.Photographer: Celeste Sloman for the Perelman Family Foundation
Updated on

When Meg Whitman was running Ebay, she gave $30 million to Princeton University to build Whitman College, making her the first female namesake of the school’s six residential communities.

Sixteen years later, Princeton has decided its next college will be named after a woman and a man, thanks to a $65 million father-daughter gift to be announced Wednesday from Debra Perelman, the chief executive officer of Revlon, and Ronald O. Perelman, chairman of MacAndrews & Forbes and Revlon’s controlling shareholder. A female-led firm, Deborah Berke Partners, will design the complex.