The University of Notre Dame announced Wednesday it is establishing its first college or school in nearly a century and naming it for Donald Keough, former president and chief operating officer of Atlanta-based Coca-Cola Co.

The Donald R. Keough School of Global Affairs will conduct research on international development, peace, human rights and governance. The school will offer a master’s degree in global affairs and support dual-degree programs and undergraduate programs.

The university said creation of the school is made possible by gifts of more than $50 million by Keough and his wife, Marilyn.

A year ago the Indiana university announced the Keoughs donated $30 million for a new international institutes building, Jenkins Hall, named for Notre Dame’s president, the Rev. John Jenkins. The Keough School of Global Affairs will be housed in Jenkins Hall. The new building will also house the Keough-Naughton Institute for Irish Studies, Liu Institute for Asia and Asian Studies and other entities.

Construction is expected to begin in spring 2015 and be completed by the start of the 2017-18 academic year.

Donald Keough serves on the university’s board of trustees. The Keough children are Notre Dame graduates, and one, Shayla Keough Rumely, is also a member of the board.

Keough served as president and COO of Coca-Cola from 1981 to 1993. He is currently chairman of the board of Allen & Company Inc., a New York investment banking firm.