WILMINGTON, NC (WECT) - The University of North Carolina Wilmington received a $2.5 million endowment gift, one of the largest gifts in its history.
According to a news release from UNCW, the gift was from the family of the late Bill and Barbara Dobo.
"We are deeply grateful to the Dobo family for this substantial contribution to support the areas of greatest need on our campus," said Eddie Stuart, Vice Chancellor for University Advancement. "I had the opportunity to get to know Bill, Barby, and the Dobo family very well over the years, and he shared the university's commitment to the lifelong journey of learning, the love of place and the power of ideas and innovation. He and Barby were great friends of the university, and we miss them very much. Thanks to their philanthropic legacy, generations of students and faculty will benefit from their love of UNCW."
Gabriel William "Bill" Dobo, class of '51, died in June 2013. He was a successful business owner and inventor who developed one of the most innovative gem cutting machines in the world. He and his late wife, Barbara "Barby" Beckwith Dobo, were active leaders in the Wilmington community for many years.
According to the news release, the Dobo Endowment for UNCW, now valued at more than $5 million, will generate approximately $250,000 a year for the university's greatest needs, in perpetuity.
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