He has pledged to donate his entire collection to the museum after his death. Pérez donated over 170 works to PAMM until 2017. He also supports the Miami International Film Festival, National YoungArts Foundation, the Frost Art Museum at Florida International University and the University of Miami. In 2012, he signed the "Giving Pledge," an international effort to invite the world's wealthiest individuals to commit more than half of their wealth to charitable causes either in their will or during their lifetime. In 2019, he established the CreARTE Grants Program, to support arts and culture programs in Miami-Dade County. His family foundation will award $1 million in grants per year to various artists and organizations. After a $1 million endowment from Pérez in 2019, Florida International University’s Metropolitan Center will now be known as the Jorge M. Pérez Metropolitan Center. Pérez was named Builder of the Year by Multifamily Executive Magazine, a Great Immigrant Honoree by the Carnegie Corporation of New York and an Ellis Island Medal of Honor recipient. He also received the EY Entrepreneur of the Year Real Estate & Construction Award in the Florida Region, Urban Land Institute Southeast Florida/Caribbean Lifetime Achievement Award and Haute Living’s Lifetime Visionary Award. The Greater Miami Chamber of Commerce awarded him its highest honor, the Sand in My Shoes Award, and the United Way of Miami-Dade presented Perez and his wife with the Tocqueville Award for Outstanding Philanthropy. Pérez lives in Miami, Florida, with his wife, Darlene Pérez. He has four children. He is a friend and former business partner of President Donald Trump, who wrote the foreword for Pérez's 2008 book, "Powerhouse Principles," although he has since been publicly critical of Trump's presidency.