Colby garners another significant gift
A Portland real estate executive and his wife have donated $10 million to Colby College.
Joe Boulos, a 1968 Colby graduate and founder of CBRE | Boulos Brokerage, Asset Management and Boulos Development, made this gift with his wife, Sheri Boulos, the Kennebec Journal reported.
Earlier this month, Peter and Paula Lunder made a gift worth $100 million to the Colby College Museum of Art.
The gift from the Boulos family will go toward Colby’s new athletic complex, which will open in 2020 and be known as the Boulos Family Fitness Center.
“This phenomenal gift from Joe and Sheri Boulos is an expression of their deep and longstanding commitment to Colby,” David Greene, president of the college, said in a news release. “These two are Colby’s most loyal supporters, always jumping in to advance the College. Joe has been the leader for Colby who everyone loves to follow. He is smart, dedicated, strategic, and totally selfless. He and Sheri have never wanted anything but to see Colby thrive.”
Raised in Portland and South Portland, and well known in Maine’s business community, Boulos was a marine pilot in Vietnam before founding CBRE | Boulos Brokerage, Asset Management and Boulos Development in 1975. He now oversees the strategic direction of the management company. Over his career, Boulos has developed and built more than 2.5 million square feet of commercial property in the Portland area.
Mr. Boulos became a Colby overseer in 1991. He joined the board of trustees two years later and served as chair from 2005 to 2009, during which time the college conducted a $376 million capital campaign — the largest in Maine history when it surpassed its goal in 2010.
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