2005 News Story

Prince Alwaleed donates $40 million to two US universities

Prince Alwaleed bin Talal, chairman of the Kingdom Holding Company, has donated $20 million each to Georgetown University and Harvard University for Arab and Muslim studies.

The donation to Georgetown University – the second largest gift in the history of the Jesuit university – will expand the Center for Muslim-Christian Understanding, part of the renowned Edmund Walsh School of Foreign Service. The center will be renamed The Prince Alwaleed Bin Talal Center for Muslim-Christian Understanding, the Arab News reports.

Prince Alwaleed said he hoped his donation would strengthen understanding between East and West.

“I am pleased to support the Center for Muslim-Christian Understanding. It is vital for the monotheistic religions to reach a common ground of understanding and gain knowledge about what unites our civilizations,” said Prince Alwaleed, as quoted by the Arab News. “We are determined to build a bridge between Islam and Christianity for tolerance that transcends cultural and geographical boundaries.”