University Receives Largest Philanthropic Gift Ever - Georgetown College

Georgetown University today announced that it has received the largest philanthropic gift in its history, a gift from the estate of Robert L. McDevitt that is estimated to total approximately $75 million. McDevitt, a 1940 graduate of Georgetown's undergraduate college of arts and sciences and a former Georgetown regent, lived for most of his life in his native Binghamton, N.Y., where he died on September 22 at the age of 90.

McDevitt directed that a portion of his estate establish a fund to endow faculty positions at Georgetown, with particular emphasis on some disciplines that reflect his deep Catholic faith, long-standing interest in science and technology, and commitment to Georgetown University. The McDevitt gift will support faculty compensation and the research, technology, and staffing infrastructure necessary to create and support academic work of national and international distinction.