Wednesday, April 09, 2008
'Much to the delight of both colleges'
This is a remarkable story for two reasons: 1.) Tufts University and Lesley College will split $272 million from the trust of a long-deceased donor, the largest unrestricted gifts in both schools' history. 2.) The tale of Watertown-based Doble Engineering and how it was nurtured for nearly 40 years until it was recently sold, allowing final distribution of funds to the two schools. ... Think of everything that could have gone wrong over the past 40 years and how patience pays big dividends. Think also of all those other seemingly obscure Massachusetts companies quietly and competently doing their job. ...
This is a remarkable story for two reasons: 1.) Tufts University and Lesley College will split $272 million from the trust of a long-deceased donor, the largest unrestricted gifts in both schools' history. 2.) The tale of Watertown-based Doble Engineering and how it was nurtured for nearly 40 years until it was recently sold, allowing final distribution of funds to the two schools. ... Think of everything that could have gone wrong over the past 40 years and how patience pays big dividends. Think also of all those other seemingly obscure Massachusetts companies quietly and competently doing their job. ...
