Sept. 18 (Bloomberg) -- Frank McCourt, the former owner of the Los Angeles Dodgers, gave Georgetown University $100 million, the largest gift in its history, to endow a new school for public policy.
The institution, to be called the McCourt School of Public Policy, will incorporate Georgetown’s existing graduate program in policy studies and a new data institute, the university in Washington said today in an e-mailed statement.
McCourt, 60, is a 1975 graduate of Georgetown and real estate developer. He owned the Dodgers baseball team from 2003 to 2012, when he sold it for $2.2 billion following almost a year in bankruptcy. McCourt spent two years in a public legal battle with his wife, Jamie, in divorce court over claims she co-owned the Dodgers. She received a $131 million settlement in 2011. Frank McCourt has served on Georgetown’s board of directors and board of regents.
“The issues facing global leaders are more acute, dynamic and interrelated than ever before,” McCourt said in the statement. “We recognize an opportunity here to serve the world in a new way through an innovative approach to public policy research and analysis.”
Georgetown, a private Jesuit university, was founded in 1789. Graduates include Bill Clinton, the 42nd president of the U.S., and Paul Tagliabue, former commissioner of the National Football League and current chairman of Georgetown’s board.
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