News and analysis
July 05, 2016

Gifts Roundup: $75 Million From Ronald Perelman Boosts Arts at World Trade Center

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Ronald Perelman's gift will go toward building and endowing a performing-arts complex at the World Trade Center.
A roundup of notable gifts compiled by The Chronicle:

World Trade Center

Financier Ronald Perelman pledged $75 million to build and endow the operations of a performing-arts complex at the World Trade Center. The venue will be named for the donor when it opens in 2020.

Mr. Perelman’s MacAndrews & Forbes holding company invests in consumer goods, banking, and comic-book publishing, among others industries.

He is a longtime donor to arts and other causes and has appeared on The Chronicle’s Philanthropy 50 list of the most generous Americans five times over the last decade, most recently ranking 13th in 2014.

Peconic Bay Medical Center

John and Elaine Kanas gave $5 million through their family foundation to establish a cardiac-care program at the Long Island hospital.

Mr. Kanas served as president and chief executive of North Fork Bancorporation before selling it to Capital One in 2006. He was part of a group of investors that bought and rehabilitated BankUnited, a Florida bank that failed during the financial crisis.

Goshen College

Milo Albrecht, a farmer who died in April at age 94, left Illinois farmland valued at $3 million to the college. The money from the land will eventually support scholarships for nursing students.

Mr. Albrecht attended Goshen in 1939 and ’40 but left after three semesters when his family called him home to work on the Albrecht farm. He remained a cattle farmer for most of his life, living frugally and investing in the stock market. In 2014 he gave stock valued at nearly $2 million to the college.

National Park Foundation

David Shaw, a biotech entrepreneur and managing partner of investment firm Black Point Group, pledged $1 million to launch a "Second Century Stewardship" program at Acadia National Park.

The project is a collaboration among the National Park Service, the Schoodic Institute at Acadia National Park, the American Association for the Advancement of Science, and other institutions. It aims to promote park stewardship and scientific research at Acadia.

Mr. Shaw serves as treasurer of the Board of Directors of the American Association for the Advancement of Science and is a National Park Foundation trustee. He is the former husband of actress Glenn Close.

To learn about other big donations, see our database of gifts of $1 million or more, which is updated throughout the week.

Send an email to Maria Di Mento.