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Former Los Angeles Dodgers owner and real estate developer Frank McCourt Jr. announced today that he would be donating $100 million to his alma mater, Georgetown University, to establish a public policy school in his family’s name.

This is the largest gift in the University’s history.

“It’s a powerful idea, this idea is so full of promise,” McCourt said in a conference call for press this morning along with University President John DeGioia. “We get to partner with a world class institution that has a real core competency in this particular field.”

The McCourt School of Public Policy, which will officially open in October, will be Georgetown’s ninth school and the first established since 1957.

Read more about the school here.

Photo by Kevin H. via Flickr/Creative Commons Attribution Generic 2.0 License