Please ensure Javascript is enabled for purposes of website accessibility
Foundation of Hollywood Mogul Perenchio Donates $5.5M to Fresno State
Bill McEwen updated website photo 2024
By Bill McEwen, News Director
Published 5 years ago on
August 18, 2020

Share

The foundation of the late entertainment billionaire Jerry Perenchio is donating $5.5 million to Fresno State to support student success.

“By helping to remove barriers to achieving a college degree, the Perenchio Foundation is profoundly transforming the lives of current and future students, our next generation of leaders, thereby making a lasting gift to the hometown that gave Mr. Perenchio his start in life.” — Fresno State President Joseph I. Castro 

Born to an Italian family of winemakers in Fresno on Dec. 20, 1920, Perenchio was enrolled by his parents in a Los Angeles prep school at 15. He graduated from UCLA before becoming a U.S. Air Force jet pilot and then one of the most powerful deal-makers in Hollywood.

According to his 2017 Los Angeles Times obituary, Perenchio “adored his Italian-immigrant grandfather, John Batiste Perenchio, who was a fresh-fruit broker who founded the Fresno Grape Exchange and a winery in nearby Reedley. There he was schooled in the fine art of business.”

And he never forgot his roots, giving generously (but quietly) to civic causes — the successful effort to save and enhance the Fresno Chaffee Zoo, for example — and Fresno State.

Gift Funds Grants and Scholarships

With the foundation’s gift to Fresno State, students facing financial hardship will be able to apply for more grants and scholarships.

“By helping to remove barriers to achieving a college degree, the Perenchio Foundation is profoundly transforming the lives of current and future students, our next generation of leaders, thereby making a lasting gift to the hometown that gave Mr. Perenchio his start in life,” said Fresno State President Joseph I. Castro in a news release.

“As student enrollment grows, we are extremely grateful for this investment in our university.”

The foundation donated $5 million to create the Perenchio Family Endowed Scholarship. The fund will support Fresno State students from all backgrounds and majors, including “Dreamers.” In building this endowment, the foundation’s goal is to make scholarships available for students in perpetuity.

Five hundred thousand dollars of the gift will go to the university’s Good Samaritan Fund to help students in need during the 2020-21 academic year.

First Scholarships Will Be Awarded in 2021-22

The first Perenchio scholarships will be awarded in the 2021-22 academic year to freshmen and sophomores to encourage retention, and juniors and seniors to increase degree completion.
These scholarships will be open to all students who need a financial boost, with preference given to full-time students.

“Perenchio also donated tens of millions of dollars to charities, foundations, and building projects, including Walt Disney Concert Hall and the Ronald Reagan UCLA Medical Center. His contributions to charitable organizations were nearly impossible to tabulate because most were given under the veil of ‘anonymous.’ “ — The Los Angeles Times

In 2011, Perenchio was awarded an honorary doctorate of fine arts at Fresno State’s centennial commencement recognizing his contributions in entertainment and communications, and his commitment to education and philanthropy.

After accepting the degree, Perenchio addressed the graduates and said that as a child in Fresno, he could never have imagined the career he would have. He encouraged the graduates to dream big and said success could be theirs as it was his with “lots of hard work, perseverance, mentoring, faith, ambition, and  a good dose of luck.”

The Quiet Giver

It’s estimated that Perenchio bankrolled political candidates and the Republican Party to the tune of $30 million while he was alive.

But, as noted by reporter Meg James in Perenchio’s Times obituary:

“Perenchio also donated tens of millions of dollars to charities, foundations, and building projects, including Walt Disney Concert Hall and the Ronald Reagan UCLA Medical Center. His contributions to charitable organizations were nearly impossible to tabulate because most were given under the veil of ‘anonymous.’ ”

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Sinner Bids for His First French Open Title Against Defending Champion Alcaraz

DON'T MISS

Coco Gauff Defeats Top-Ranked Aryna Sabalenka in 3 Sets to Win Her First French Open Title

DON'T MISS

Texas Beats Texas Tech in 3rd Game of WCWS to Win Its 1st National Championship

DON'T MISS

Conforto Comes Through, Dodgers Rally in 8th for Victory Abetted by Mets Mishap

DON'T MISS

Giants Beat the Slumping Braves in 10 Innings on a Wild Pitch

DON'T MISS

Trans Troops, Facing a Deadline, Opt to Stay and Fight the Ban

DON'T MISS

Can This 14-Year-Old Football Star Become a High School Millionaire?

DON'T MISS

Trump EPA Moves to Roll Back Rules Projected to Save Billions of Dollars and Thousands of Lives

DON'T MISS

Valley Foster Care Agencies Are Facing an Insurance Crisis and Possible Closure

DON'T MISS

World’s Largest Almond Processor Will Shutter Sacramento Plant. 600 Workers Impacted

UP NEXT

Trump Eyes Major Funding Cuts for California, Including All Public Universities

UP NEXT

Southern California Air Regulators Weigh a Plan to Phase Out Gas Furnaces and Water Heaters

UP NEXT

Doctors Were Preparing to Remove Their Organs. Then They Woke Up.

UP NEXT

FDA’s AI Assistant ‘Elsa’ Fails Its First Day on the Job

UP NEXT

Newsom Promises Funding to Jump-Start ‘Science of Reading’

UP NEXT

Rancho Cucamonga Prepares for First US Bullet Train Hub in 2028

UP NEXT

8 Ways Musk and Trump Could Inflict Pain on Each Other

UP NEXT

Fresno Unified Has Twice as Many Administrators, Lower Test Scores Than Its Peer District

UP NEXT

D-Day Veterans Return to Normandy to Mark 81st Anniversary of Landings

UP NEXT

Lambda Legal, a Nonprofit Supporting LGBTQ+ Rights, Exceeded Fundraising Goal by $105M

Bill McEwen,
News Director
Bill McEwen is news director and columnist for GV Wire. He joined GV Wire in August 2017 after 37 years at The Fresno Bee. With The Bee, he served as Opinion Editor, City Hall reporter, Metro columnist, sports columnist and sports editor through the years. His work has been frequently honored by the California Newspapers Publishers Association, including authoring first-place editorials in 2015 and 2016. Bill and his wife, Karen, are proud parents of two adult sons, and they have two grandsons. You can contact Bill at 559-492-4031 or at Send an Email

Conforto Comes Through, Dodgers Rally in 8th for Victory Abetted by Mets Mishap

2 hours ago

Giants Beat the Slumping Braves in 10 Innings on a Wild Pitch

2 hours ago

Trans Troops, Facing a Deadline, Opt to Stay and Fight the Ban

4 hours ago

Can This 14-Year-Old Football Star Become a High School Millionaire?

4 hours ago

Trump EPA Moves to Roll Back Rules Projected to Save Billions of Dollars and Thousands of Lives

5 hours ago

Valley Foster Care Agencies Are Facing an Insurance Crisis and Possible Closure

5 hours ago

World’s Largest Almond Processor Will Shutter Sacramento Plant. 600 Workers Impacted

19 hours ago

Trump Eyes Major Funding Cuts for California, Including All Public Universities

19 hours ago

Farming Regulation Costs Rise 1,300% Since 2006: Cal Poly

19 hours ago

Southern California Air Regulators Weigh a Plan to Phase Out Gas Furnaces and Water Heaters

20 hours ago

Sinner Bids for His First French Open Title Against Defending Champion Alcaraz

PARIS — Top-ranked Jannik Sinner has not yet dropped a set in his bid to win the French Open for the first time. Defending champion Carlos A...

2 hours ago

2 hours ago

Sinner Bids for His First French Open Title Against Defending Champion Alcaraz

2 hours ago

Coco Gauff Defeats Top-Ranked Aryna Sabalenka in 3 Sets to Win Her First French Open Title

2 hours ago

Texas Beats Texas Tech in 3rd Game of WCWS to Win Its 1st National Championship

2 hours ago

Conforto Comes Through, Dodgers Rally in 8th for Victory Abetted by Mets Mishap

2 hours ago

Giants Beat the Slumping Braves in 10 Innings on a Wild Pitch

5 hours ago

Trans Troops, Facing a Deadline, Opt to Stay and Fight the Ban

5 hours ago

Can This 14-Year-Old Football Star Become a High School Millionaire?

6 hours ago

Trump EPA Moves to Roll Back Rules Projected to Save Billions of Dollars and Thousands of Lives

Help continue the work that gets you the news that matters most.

Search

Send this to a friend