Media billionaire mogul Jerry Perenchio might not be a big name in Los Angeles philanthropy, but he's been active in the area for years. With a net worth of $2.7 billion and couple of key interests, he's someone who should be on the radars of a lot of fundraisers.
First, a bit about Perenchio. He got his start as a young agent at MCA, before going on to found an agency of his own, Chartwell Partners, which was later purchased by "big three" talent agency giant, International Creative Management (ICM). In 1992, he purchased Univision Communications and sold his stake in 2007 for $1.3 billion.
Perenchio does a lot of his giving anonymously, but also does some of it through Chartwell Charitable Foundation which he runs with his wife, Margaret. Here are a few must knows.
1. Perenchio Is Crazy About Art
Not only does Perenchio own at least 47 works in his own collection valued at $500 million, but Margaret is a celebrity painter who has painted the likes of Luciano Pavarotti. Perenchio made waves when he announced a bequest of his entire collection to LACMA. In recent years, funds have also gone to Los Angeles Opera, Los Angeles Chamber Orchestra, and Los Angeles Philharmonic. In addition, funds have gone to American Film Institute in Hollywood, which, given Perenchio's long background in film and television, is unsurprising.
2. Money Has Also Gone to Health and Education
Perenchio graduated from UCLA, which has received modest but steady support from Perenchio. Los Angeles area schools such as Malborough and Loyola High School have also seen support. On the health end, Cedars-Sinai, Women's Cancer Research Fund, and Children’s Hospital Los Angeles Foundation, have been supported. It doesn't appear that any particular health cause is front and center, however. Sums have also gone to music education outfits such as P.S. Arts, which claims to be the only outfit in Southern California that provides "yearlong arts education in dance, visual arts, music, and theater arts to every child in a school during the regular school day."
3. This Could Be Just The Beginning
Perenchio, again, is worth $2.7 billion with a philanthropic focus on Los Angeles. So we're expecting bigger local giving down the line. Perenchio shies away from the spotlight, but his recent bequest to LACMA might be the start of more public and prolific giving.