UNCW Receives Gift of $2.5 Million
Friday, October 25, 2013
The University of North Carolina Wilmington has received one of the largest gifts in its history, a $2.5 million endowment gift from the family of the late Bill and Barbara Dobo, Chancellor Gary L. Miller announced during a Board of Trustees meeting on campus.
"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 ’51, who died in June 2013, and his late wife Barbara "Barby" Beckwith Dobo were active leaders in the Wilmington community for many years. He and Barby shared a love of music and theatre, and Beckwith Recital Hall in the Cultural Arts Building is named in her honor.
Bill, a successful business owner and inventor who developed one of the most innovative gem-cutting machines in the world, was also interested in science and engineering. Dobo Hall, a science building on campus, is named for him and his wife as well as his late brother Robert "Bob" Ridgely Dobo Sr. ’50, who died in 2009, and his late wife Dorothy "Dot" Gray Dobo. The brothers, both dedicated ambassadors for UNCW, jointly received the Alumni of the Year Award from the UNCW Alumni Association in 2005.
The family's latest gift, made through a charitable remainder trust, will be added to the previously established Dobo Endowment, created with an initial $2.5 million contribution from Bob and Dot. 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.