Lasting Legacy Fuels Next Generation Business School

When the late Bob McDonough first entered Healy Gates in 1945, he said he felt immediately that he "belonged." His 1998 gift to the business school ensured his place in Georgetown history for generations to come. *As of August 1, 2011, David A. Thomas assumed the role of Dean of Georgetown's McDonough School of Business

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The Bob McDonough Story

From Depression-era boy entrepreneur to corporate CEO, Bob McDonough was a constant innovator.
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Learn More About the Robert Emmett McDonough School of Business

MSB's defining advantages allow it to educate future business leaders like no other school in the country. Read more.

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Meet the New Dean of the McDonough School of Business

David A. Thomas, a professor and former associate dean at Harvard Business School, joined Georgetown on August 1. Learn more.

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Learn About Planned Giving

Assets from your estate can make your dream come to fruition. Read more.

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How have Georgetown's faculty impacted your life-long learning? Post a memory of a professor that has made a difference for you on our Facebook page.

Naming Gift Provides Inspiration and Innovation

"In the beginning, there was Bob."

That's how George Daly describes the impact of Robert Emmett McDonough (F'49), who in 1998 gave the endowment gift that named the school.

Daly, who stepped down as dean of the school in June after six years in the post, is referring to McDonough's leadership and engagement in the school, as well as his historic gift.

"Bob was always there, whether it was a board meeting or a casual visit to the school," Daly says. "He really set a tone for the place."

When McDonough, who died in 2007, made his $30 million gift to the business school, it was the largest single gift in the university's history. But McDonough's naming gift was not the end of his generosity. In total, McDonough gave more than $40 million. Among those gifts was an endowment for the Elsa Carlson McDonough Professorship in Accounting and Finance, which he made in honor of his first wife, Elsa, who died in 1994.

The impact of McDonough's $30 million naming gift is felt across the business school's operations, Daly says. As one example, it has provided additional, sustained financial resources for faculty recruitment and support that has allowed the business school to make important new hires in an extremely competitive academic market.

And, when the vision for a greatly needed new business school facility was still a blueprint and a fundraising goal, McDonough and his wife, Simone, made an early financial commitment.

"Bob's gift gave people confidence that the building would become a reality and inspired them to make their own commitments," Daly says.

Simone McDonough shared her husband's aspirations for the school, and she has served on Georgetown's Board of Regents. To honor Simone McDonough and her partnership in making the historic naming gift, Georgetown named the new business school building's atrium the Dr. Simone Ballandras McDonough Atrium.

The building became a reality in 2009 when Saad Hariri (B'92) made a gift to name the new business school building in memory of his father, the late Lebanese politician and philanthropist Rafik B. Hariri. The Hariri Building is the home for all of the McDonough School's programs - programs that are rapidly growing in prestige. Bloomberg Businessweek ranked the school's undergraduate program in the top 10 in 2011, and U.S. News & World Report ranked the MBA program in the top 25 in its "America's Best Graduate Schools" in 2012.

"Bob's leadership and naming gift were a catalyst for rapid change to the school that bears his name," Daly says. "Bob will continue to guide us for years to come. He's central to our identity."

"He really was a remarkable guy," Daly says.