Penn gets a record gift for its medical school from the Perelmans

The University of Pennsylvania on Tuesday received a record gift of $225 million for its School of Medicine from Philadelphia philanthropist Raymond G. Perelman and his wife Ruth.

Perelman signed the papers finalizing the gift on Tuesday at the home of University of Pennsylvania president Amy Gutmann, he said later Tuesday.

The gift benefiting the Raymond and Ruth Perelman School of Medicine at the University of Pennsylvania, as it will now be known, had been in the works for about a year, Perelman said.