The donation will create the new Beeck Center for Social Impact and Innovation as a hub for research and real-world experience in the U.S. and abroad, across a variety of sectors and issues.
While other schools, including Stanford and Duke, have created centers for social entrepreneurship, Georgetown officials said their program will be different because it’s not housed within the business school. It could involve students studying public policy, foreign service, law and other disciplines, as well as business.
Alberto Beeck, director of Virgin Hotels and former president of a Peruvian cement company, said the family’s passion is education and connecting the social sector while also promoting solutions-based government policies.
“I guess it’s in our DNA that we need to do something for society,” he told The AP. “That plus the fast and the exciting changes that are taking place in the social sector. ... The exponential growth in technology has empowered and connected individuals in ways that we have never seen before.”
Provost Robert Groves said the school wants to teach research skills by having students actively doing things and also meet the growing demand to support entrepreneurship driven by a passion to solve problems. Social innovation also aligns with the school’s Jesuit values for service, he said.
“We have tons of students, many of whom I’ve talked to, who said ‘I want to learn how to build an organization. Teach me everything I need to know,’” Groves said. “This center is going to quench some of that thirst.”
“When the millennials look at the world, they see daunting challenges that have dogged us for a long time,” she said. “This generation says, ‘wow, these are big problems, what’s the best way to find new solutions?’ And they don’t think in the old-style ways.”
The new Center for Social Impact and Innovation will be led by Sonal Shah, a professor and economist who previously served as director of President Barack Obama’s Office of Social Innovation and Civic Participation in the White House. Previously, she worked at Goldman Sachs, Google and the U.S. Treasury.
“It’s really about ideas in the social sector that could merge with what’s happening in the nonprofit, for profit and government sectors to really solve social problems at scale,” Shah said.
Read more on the Washington Post.