Georgetown University has announced a $10 million commitment to the McDonough School of Business and MedStar Georgetown University Hospital from the Leonsis family—Ted (C’77) and Lynn Leonsis along with their son, Zach (MBA’15), and their daughter, Elle (C’14).

One half of the gift will support Georgetown Entrepreneurship, and the other will fund pediatric spaces at the recently opened Verstandig Pavilion at MedStar Georgetown University Hospital. The gift to the McDonough School of Business for Georgetown Entrepreneurship will fund the Leonsis Family Entrepreneurship Prize, which was founded in 2016, as well as the Leonsis Venture Lab, a dedicated workspace in downtown Washington, D.C., to help full-time alumni entrepreneurs launch and grow their businesses with support from the Georgetown Entrepreneurship ecosystem.

“Georgetown has been very meaningful to me in my life and career, very meaningful to my family,” said Ted Leonsis, chair and CEO of Monumental Sports & Entertainment. “The university is teaching students to look at the world critically, to leave it better than they found it.”

(Photo credit: Getty Images/lillisphotography)