Investor Gives $100 Million to Build a Fairer Internet

Frank McCourt Jr. gave $100 million to launch Project Liberty, a new nonprofit organization that aims to develop ideas to make the internet more equitable. Of the total, $75 million will create the McCourt Institute, which will advance the development of technology solutions to solve some of the problems that have flourished through internet platforms. The institute will operate as partnership between McCourt’s alma mater, Georgetown University, in Washington; and Sciences Po, in Paris. The remaining $25 million will create the Decentralized Social Networking Protocol, a new open-source social network.

McCourt founded McCourt Global, a real-estate development and private-equity firm, in New York and Los Angeles. He was the owner and chairman of the Major League Baseball team the Los Angeles Dodgers and Dodger Stadium from 2004 to 2012.