Perelman Family Charitable Trust I
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
2
-66.7% YoY
Avg Grant Size
$7.8M
+182.9% YoY
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
States
Cities
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
| 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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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