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$20 Million Gift to Benefit New Business School Building

July 8, 2009 – Georgetown will name its new business school building in memory of the late Lebanese politician and philanthropist Rafik B. Hariri after a $20 million naming gift.

Saad Hariri (B’92), the newly designated prime minister of Lebanon, made the gift in his father’s memory. The elder Hariri was a two-time prime minister of Lebanon, renowned philanthropist and dedicated supporter of education.

The gift will help cover the final costs of constructing the new building, which will begin holding classes for all business school students in September. In addition to supporting the Rafik B. Hariri Building, the funds also will create two endowed scholarships for an undergraduate and graduate student.

“This gift will make a tremendous difference in our ongoing efforts to enhance Georgetown’s global business education programs,” said Georgetown President John J. DeGioia. “I am deeply grateful to the Hariri family for their generosity in supporting two of our most important priorities -- building and maintaining first-class facilities and providing financial aid for students to study at Georgetown.”

Hariri Knew Importance of Education

Rafik Hariri was a dominant political and entrepreneurial figure for decades in Lebanon before his assassination on Feb. 14, 2005. A staunch U.S. ally and proponent of peace and democracy in Lebanon, he helped rebuilt Beirut following the country’s devastating 15-year civil war.

Hariri also was a dedicated philanthropist and founder of the Hariri Foundation, which has helped tens of thousands of Lebanese students attend institutions of higher learning at home and abroad and provided health, social and cultural services to Lebanon’s neediest.

Rafic Bizri, president of the Hariri Foundation-USA, said “the gift that Saad Hariri has made to Georgetown University truly honors Rafik Hariri’s extraordinary devotion to the great cause of education. It expresses the son’s profound regard for his father and pays tribute to the ultimate sacrifice, which Rafik Hariri made for his country.”

As a Georgetown parent, Rafik Hariri was a generous supporter to the university and served on the business school’s Parents Council. Georgetown awarded him an honorary degree in 1996, hailing the prime minister as a champion of education.

Facilty Nears Completion

 “Saad Hariri’s generosity to Georgetown will establish a lasting tribute to his father and result in a world-class facility for our business students and faculty,” said George Daly, dean of Georgetown’s McDonough School of Business. “We are excited about the opportunities this new state-of-the-art building will provide to our community members as they engage in the many facets of a business education.”

The new Rafik B. Hariri Building is a 179,000-square-foot facility in the center of Georgetown’s campus that will enable the McDonough School of Business to solidify its position as one of the world’s leading business schools. This new home for the business school features seminar, lecture and conference rooms; a 400-seat auditorium; eight case rooms; and common areas for both undergraduate and graduate students.

Related Information

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