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Frank McCourt donates $100 million to Georgetown to create the “McCourt School of Public Policy”

Sep 18, 2013, 9:45 AM EDT

Frank McCourt sunglasses

In the space of less than two years former Dodgers owner Frank McCourt has gone from staring bankruptcy in the face to audacious acts of philanthropy:

Georgetown University says the former owner of the Los Angeles Dodgers has given the school $100 million, the largest donation ever in the school’s history, to create a public policy school … The donation surpasses the previous record $87 million gift to Georgetown in 2010. The new school will be named the McCourt School of Public Policy and will launch in October, becoming the first new school at Georgetown since 1957.

I can only help McCourt’s input into the future public policy minds of our nation is limited to the resources they use to achieve their education. Because  his special brand of policy know-how — borrow until you can’t breathe and then get bailed out by a friggin’ miracle, made possible only by monopoly power — is not exactly the example we need our future leaders to be learning.

Well, learning any more than they already are, that is.

  1. chill1184 - Sep 18, 2013 at 9:47 AM

    LOL

    - Fred Wilpon and Jeff Loria

  2. unclemosesgreen - Sep 18, 2013 at 9:48 AM

    Anyone considering applying should hold out for the “Loria School of Public Funds Thievery.”

    • chacochicken - Sep 18, 2013 at 10:24 AM

      They have a class on electrical wire stripping.

  3. proudlycanadian - Sep 18, 2013 at 9:53 AM

    His ex must be fuming as she wanted that money. I assume that he will get tax benefit from this donation.

    • Panda Claus - Sep 18, 2013 at 10:36 AM

      Totally agree. A “put it to the ex-wife” move if ever there was one.

      The only bigger mockery than him insisting his name be put on the new sham, err school, would have been if the money had been donated to a university near L.A.

      • Panda Claus - Sep 18, 2013 at 11:59 AM

        I’m not saying it’s a good thing to try to hose over an ex-spouse, only that McCourt could be doing this for that reason. Who would really be surprised if that was his primary motive.

        It’s going to be harder for her to ever get hands on money under court protest if the money gets spent on something else.

        Not that either one of the McCourts deserved any proceeds from the Dodgers’ sale.

      • badintent - Sep 19, 2013 at 1:51 AM

        I GOT $20 that says Gloria Allred had a stoke when she heard this news. She wants a new trial , a new venue and a new jury of all women that have been divorced twice in LA( the entire hoe population)

  4. jm91rs - Sep 18, 2013 at 9:56 AM

    Glad to see he’s giving away some of that miracle gift he was given.

  5. sdelmonte - Sep 18, 2013 at 10:14 AM

    I wonder if any college ever turns money down from someone who has no business giving it.

    • raysfan1 - Sep 18, 2013 at 1:15 PM

      I’m going to go way out on a limb, you’ll no doubt find this shocking, and say “no.”

      • historiophiliac - Sep 18, 2013 at 2:09 PM

        Boone Pickens approves this statement.

    • jwbiii - Sep 18, 2013 at 5:04 PM

      Yes, but the reasons have more to do with how the donor requests that the money be spent rather than the background of the donor.

  6. aceshigh11 - Sep 18, 2013 at 11:01 AM

    I hate these rich assholes who try to burnish their ruined reputations by buying off universities and hospitals.

    Junk bond king Michael Milken has been doing the same thing since he got out of prison.

    The upside, of course, is that sometimes their millions legitimately help people. It’s just such a patently obvious way for scumbags with more money than god to try to erase their past sins.

    • mikeinthevine - Sep 18, 2013 at 11:14 AM

      The only Karma for Milken was, he got prostate cancer. It’s a nice deal when you steal $650 million, get fined $250 million and spend a few years at club fed. Who says crime doesn’t pay?

      • aceshigh11 - Sep 18, 2013 at 11:37 AM

        And that’s where Milken has been pouring his money…into cancer prevention and research.

        You’d like to think that he’s legitimately repentant and wants to help people, but who knows?

        As I said, regardless of his motivations, the upside is that the millions he’s raised and donated probably are making a difference.

      • aceshigh11 - Sep 18, 2013 at 11:40 AM

        I wouldn’t call it karma…I wouldn’t wish cancer on anyone, no matter how evil they are (well maybe genocidal dictators, but I’m not talking THE worst of the worst)

        There are other ways to punish the wicked…the only problem is that in America, guys like Milken often skate by with only a slapped wrist.

      • raysfan1 - Sep 18, 2013 at 1:23 PM

        In America? Is there any other country, or time in history, that the powerful did not get away with things the less powerful wouldn’t?

      • ltzep75 - Sep 18, 2013 at 1:45 PM

        Say what you will, but if the story is to be believed, Milken pulled a pretty awesome power move by writing a check in court to pay the fine.

  7. senioreditor2 - Sep 18, 2013 at 11:43 AM

    I hate the guy but that was a damn nice thing to do…………….

    • delsj - Sep 18, 2013 at 12:26 PM

      Really? Why? He didn’t give it to a charity that helps people, he gave it to a university that makes money hand-over-fist. He did it to get his name on the building – a bit of immortality to feed his bloated ego.

      • senioreditor2 - Sep 18, 2013 at 12:58 PM

        When you give ANYTHING close to that amount then you can look down on it. Until then you’re a troll with a stupid opinion.

      • raysfan1 - Sep 18, 2013 at 1:36 PM

        Just FYI, G-town’s endowment is over $1Billion.

  8. crackersnap - Sep 18, 2013 at 1:14 PM

    “Public Policy Course 101: Abuse of Public Finances On Behalf Private Sports Ownership”

    • jcmeyer10 - Sep 18, 2013 at 1:17 PM

      He’ll be an adjunct professor in no time with courses like that.

      • historiophiliac - Sep 18, 2013 at 2:14 PM

        I hope they don’t make him full-time so they can save money not offering him benefits.

  9. raysfan1 - Sep 18, 2013 at 1:33 PM

    Sorry, Georgetown, but I don’t think the Frank McCourt School of Public Policy will ever have the same cache as Harvard’s John F Kennedy School of Government.

    I expect G-town is banking on nobody remembering who McCourt is in a few years. Most outside baseball circles do not know who he is now.

    • jcmeyer10 - Sep 18, 2013 at 1:37 PM

      His money spends the same as Kennedy’s though.

      • raysfan1 - Sep 18, 2013 at 1:41 PM

        No arguement there!

      • jcmeyer10 - Sep 18, 2013 at 1:43 PM

        Haha, God Bless America.

  10. historiophiliac - Sep 18, 2013 at 2:14 PM

    I love irony.

    • cur68 - Sep 18, 2013 at 10:06 PM

      Is that what this is?

      /adjusts monocle

      I thought it was a giant kick to the balls for his missus. As in “I GAVE away the money you wanted! So THERE!”. Could it also be irony, too? Hmm. I think so. Originally, that’s what I thought it was. Irony, eh? Well, I’m glad to get the clarification. Now, ordinarily I can’t tell it apart from sarcasm. Haven’t been able to tell the two apart since the Trudeau Administration. But THIS time I DID think it was irony that one of the biggest scumbag ball club owners on Earth would give money to get a school of public policy named after himself. What’ll it teach? Bilking the Public, 101: An Introductory Seminar for the Ethics-less Rich?

      Anyhow. Irony & a Kick To The Balls; The Duality Of Frank McCourt.

      /lights pipe

      • historiophiliac - Sep 19, 2013 at 9:39 AM

        I think he loves money too much to give that much away just to spite her. I think it more likely that he did it to be in the Big Donor’s Club. I’m sure he will enjoy that she will read about the Frank McCourt Policy Center in the alumni news though. Anywhoo, even if they go all War of the Roses with alumni donations, it’s still ironic that he of all people fund a center dedicated to furthering the public good. It’s like having a Rick James Abstinence Center.

        Also, if his ex has balls, he is much more interesting than I gave him credit for.

  11. glsmithassociates - Sep 18, 2013 at 2:45 PM

    Tax dollars going to the well to do. Not what I would consider giving back to society. Not like what Bill Gates or Warren Buffett are committed to doing !!

  12. senioreditor2 - Sep 18, 2013 at 2:49 PM

    It’s amazing, the guy gives 100 million dollars and is blasted for it. There are now 100′s of billionaires in America, most are unknown because they keep their money to themselves or their offspring. I’m a Dodger fan, been one for 40+ years and I hated his tenure in LA. But the guy gave a ton of money to a university WITH NO FANFARE and most on here blast him for it? Would you feel better if he bought yachts, planes and million dollar houses with the money. The money going to good use, educating others. Hopefully, those receiving their education within the building named after him will learn from McCourt’s mistakes. If that happens, won’t the expenditure be commendable?

    • raysfan1 - Sep 18, 2013 at 3:07 PM

      442 billionaires in the US at last count, according to Forbes.

      Couple of minor points–most of those 442 are not famous and thus their philanthropy would generally not be considered very newsworthy, almost no matter how generous. Second, most of us aren’t blasting him or his gift, but rather mocking him s a result of his mismanagement of the Dodgers.

      I also kind of doubt the students learn from his mistakes as I think most will not know who he is in the future other than as the guy the school was named after.

      • jimeejohnson - Sep 18, 2013 at 8:17 PM

        Best comment ever.

    • koufaxmitzvah - Sep 18, 2013 at 8:21 PM

      How much of a percent is 100 million to 2.4 billion? Really, I can’t count that high, but something tells me FMC is shamelessly investing in his own ego.

      • skids003 - Sep 19, 2013 at 11:58 AM

        Pocket change to him.

  13. jkaflagg - Sep 18, 2013 at 3:36 PM

    Guarantee that Mr. McCourt has a sweet tax write off coming…..he had some charitable work going with the Dodgers as well, but it was later found that much of the money dedicated to that foundation went to the salary of the crony he choose to run it…..

    As some of the other posters have mentioned, it’s very difficult to tell where “philantropic” endeavors start and image-burnishing public relations payments end…..considering what many of these people did to get their billions, it’s often difficult to see their charity work as much more than part of the cost of doing business…..it will be interesting to see how Georgetown faculty and students will analyze Mr. McCourt’s business methodology of massive borrowing and lawyering up when things go bad….

  14. wtfruthinkn - Sep 18, 2013 at 3:45 PM

    It should be called the Frank McCourt School of Lying, Cheating, Manipulating, Conniving, Armtwisting and Cronyism.

  15. stampwiz - Sep 18, 2013 at 8:01 PM

    Was a classmate and on the crew at Georgetown. He had a head start with his family money. Giving some back tax breaks or not still will benefits lower middle class guys like me. So kudos. Frank – remember that long 4 race on the Schulkyll in Philly in 71. Rain, snow, sunshine, headwind all in 10 minutes. And I think you were the one whose knee went out.

  16. jimeejohnson - Sep 18, 2013 at 8:15 PM

    His shares an orangutan mother with Donald Trump.

    • koufaxmitzvah - Sep 18, 2013 at 8:26 PM

      His is the image of an East coaster believing he has conquered Cali. Such a fool.

  17. coryfor3 - Sep 18, 2013 at 8:58 PM

    Wait- Georgetown of all places didn’t have a public policy school yet. WTF?

  18. ifallforthatcrapeverytime - Sep 18, 2013 at 9:29 PM

    i dont believe for a second the weasel wrote a check for 100 mil. im sure he PROMISED 100 mil over a LARGE number of years. i will believe this crap when the checks all clear.

  19. glsmithassociates - Sep 18, 2013 at 9:31 PM

    Its TAX dollars for God Sake. He isn’t giving money he can keep; he’s giving money that he otherwise would have to give to Uncle Sam. My question is why not fight hunger or help the inner city programs or battle cancer or HIV or something worthy of helping those in need. Instead he gives to a school already well positioned. As an earlier post noted what he did to the Dream Foundation was nothing short of criminal and I wouldn’t be surprised if this is no different.

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