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Mac Andrews & Forbes established the Revlon/UCLA Women’s Cancer Research Program in 1994 for research into the causes and treatment of breast and ovarian cancer. Perelman Department of Dermatology at NYU Medical Center.

Wholly owned by Perelman, who is chairman and chief executive officer, Mac Andrews & Forbes invests in companies with strong market positions, recognized brands and growth potential.

Current holdings include participants in a range of industries, from cosmetics and entertainment to biotechnology and military equipment, including AM General, a comic book collaboration between a cartoonist and a finance columnist, which casts Wall Street executives and traders as heroes and villains.

During the discovery phase, the judge became exasperated with what she perceived as deliberate stonewalling on the part of Morgan Stanley and ordered the jury to assume Morgan Stanley deliberately and knowingly defrauded Perelman.

Morgan Stanley maintained that the court case was improperly decided, citing the judge's decision to use Florida law over New York law and her decision to order the jury to consider Morgan Stanley guilty before the trial began.

The New York and Los Angeles Run/Walk events together have distributed over $50 million for women’s cancer research, counseling and outreach programs nationwide.

In February 2008, Perelman made a million donation to the New York Presbyterian Hospital and Weill Cornell Medical Center to create the Ronald O.Guggenheim Museum, Memorial Sloan-Kettering Hospital and Perelman’s alma mater, The University of Pennsylvania.In 1993, the Entertainment Industry Foundation (EIF) Revlon Run/Walk For Women was created through the combined efforts of Perelman, Lily Tartikoff, co-founder of the Revlon/UCLA Women's Cancer Research Program, and the EIF.Perelman also pledged million to Stand Up to Cancer, a Pasadena, Calif., organization that supports cancer research and efforts to advance treatment for cancer patients; -million to the World Trade Center Memorial Fund, in New York; and .5 million to Ford's Theatre, in Washington.Perelman also gave a total of million to 581 nonprofit organizations, including Big Brothers Big Sisters, in Philadelphia; the Michael J.That his father had tried and failed to acquire it 10 years earlier made his success particularly sweet.

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