Perelman Family Charitable Trust I

GARDEN CITY, NY EIN: 82-6501838

Perelman Family Charitable Trust I is a private foundation established in 2017, based in Garden City, New York. The trust represents part of the philanthropic ecosystem of Ronald O. Perelman, a billionaire businessman and chairman and CEO of MacAndrews & Forbes Holdings. As a Giving Pledge signatory, Perelman directs substantial resources through multiple charitable vehicles to support elite institutions and established organizations across the United States.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$396.0M

+1.2% YoY

Annual Giving

$15.6M

-5.7% YoY

Grant Count

-66.7% YoY

Avg Grant Size

$7.8M

+182.9% YoY

Under IRS private-foundation payout rules, Perelman Family Charitable Trust I reported a distributable amount of $16.6M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The trust does not publicly specify formal mission statements or subject area priorities. However, based on grant activity, funding focuses on:

Higher Education: Major universities and academic institutions
Health & Medical Research: Academic medical centers and research hospitals
Jewish Organizations: Religious education and Orthodox institutions
Arts & Culture: Performing arts and cultural institutions

The foundation maintains an exceptionally low profile and concentrates its giving on preselected, highly recognizable organizations rather than grassroots or medium-sized nonprofits.

Grantmaking

Grant Range

**: $5,000 to $1,000,000+

How to Apply

**: The trust does not offer a direct application process or public contact method. No website, email, or publicly available phone contact exists for grant inquiries. Prospective applicants may attempt to reach out through MacAndrews & Forbes Holdings' contact channels.

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Geographic Focus

Where this funder awards grants

The trust funds projects across multiple U.S. cities and states, with documented giving in:

Connecticut
Illinois
New York (primary focus, including Manhattan and Garden City)
Pennsylvania (including Philadelphia and surrounding areas)
Rhode Island (including Providence)

The foundation maintains a national focus with particular emphasis on the Northeast region.

Grant Distribution by State

New York $54.5M (81%)

Pennsylvania $11.4M (17%)

Rhode Island $500K (1%)

Connecticut $465K (1%)

Wisconsin $25K (0%)

Illinois $10K (0%)

West Virginia $3K (0%)

Virginia $2K (0%)

+1 more states

States

Connecticut Illinois Massachusetts New York Pennsylvania Rhode Island Virginia Wisconsin West Virginia

Cities

AlexandriaBostonBrooklynCharlestonChicagoEast HamptonFairfieldManhattanMilwaukeeNew YorkNorwalkPhiladelphiaProvidenceRochdaleStonybrook

Financial History

Multi-year comparison from IRS filings

Total Assets: $391.3 million (2023)

Total Revenue: $9.1 million (2023)

Total Expenses: $19.1 million (2023)

Annual Grants Awarded: $16.6 million (2023)

Number of Grants: 498 grants in the previous year

Average Grant Size: Approximately $12,000

Expense Ratio: 209.9% of total revenue spent on programs

Employees: 0

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$395,976,504	$391,304,181	$400,471,276
Revenue	$17,024,583	$9,110,635	$14,439,493
Expenses	$15,883,649	$19,119,439	$17,877,796
Qualifying Distributions	$16,136,511	$17,312,047	$15,742,901
Net Investment Income	$15,902,413	$8,705,002	$15,404,037
Distributable Amount	$16,628,861	$15,917,584	$15,709,247

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

35 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See 642(c) Election Statement ($15,563,000), St Ann's School ($62,500).

Recipient	Purpose	Amount
SEE 642(C) ELECTION STATEMENT NEW YORK, NY	GENERAL CHARITABLE CONTRIBUTION	$15,563,000
ST ANN'S SCHOOL BROOKLYN, NY	GENERAL CHARITABLE CONTRIBUTION	$62,500

Leadership & Key People

Leadership team and compensation from IRS filings

Trustee: Matthew H. Kamens, serving through Perelman Family Trust Company LLC (uncompensated)

Founder/Principal: Ronald O. Perelman

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PERELMAN FAMILY TRUST COMPANY LLC	TRUSTEE	1	—

Contact Information

Address: C/O PFTC LLC, 35 E 62nd St, New York, NY 10065 (also listed as 31 East 62nd St, Garden City, NY 11530)

Phone: 516-874-8800

Website: None publicly available

Email: Not publicly available

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Perelman Family Charitable Trust I fund?

The trust does not publicly specify formal mission statements or subject area priorities. However, based on grant activity, funding focuses on: • **Higher Education**: Major universities and academic institutions • **Health & Medical Research**: Academic medical centers and research hospitals • **Jewish Organizations**: Religious education and Orthodox institutions • **Arts & Culture**: Performing arts and cultural institutions The foundation maintains an exceptionally low profile and concentra…

How do I apply for a grant from Perelman Family Charitable Trust I?

**Grant Range**: $5,000 to $1,000,000+ **Annual Giving**: Approximately $16.5 to $19 million (2023) **Grant Structure**: The trust makes discretionary grants through trustee selection rather than through formal grant programs. Grants are made to preselected charitable organizations. **Recent Grant Examples** (2023): • Ronald O Perelman Center for the Performing Arts: $579,239 • Brown University: $500,000 • Drexel University: $100,000 **Application Process**: The trust does not offer a direct ap…

Where does Perelman Family Charitable Trust I make grants?

The trust funds projects across multiple U.S. cities and states, with documented giving in: • Connecticut • Illinois • New York (primary focus, including Manhattan and Garden City) • Pennsylvania (including Philadelphia and surrounding areas) • Rhode Island (including Providence) The foundation maintains a national focus with particular emphasis on the Northeast region.

What size grants does Perelman Family Charitable Trust I award?

In 2024, Perelman Family Charitable Trust I awarded 2 grants totaling $15.6M — an average of about $7.8M per grant, based on its IRS Form 990 filings.

How much is Perelman Family Charitable Trust I required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Perelman Family Charitable Trust I reported a distributable amount of $16.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Perelman Family Charitable Trust I's EIN?

Perelman Family Charitable Trust I's EIN (Employer Identification Number) is 82-6501838. IRS Form 990 filing data is available on this page for 2020–2024.