CBRE | Boulos founder provides $10 million gift to Colby College new athletic complex slated to open in 2020

May 05, 2017 - Northern New England

Waterville, ME Philanthropists Joe and Sheri Boulos have stepped up again for Maine. The couple, known widely for their generosity to Maine organizations and people, has committed $10 million to Colby  College – the largest gift in their history. The gift will name the Boulos Family Fitness Center in the college’s new athletic complex, which is slated to open in 2020. Joe Boulos ’68, L.L.D. ’09 is a life trustee and former chair of Colby’s board of trustees.

“This phenomenal gift from Joe and Sheri Boulos is an expression of their deep and longstanding commitment to Colby,” said Colby president David Greene. 

Colby students participate in athletics and healthy physical activities in high numbers. About 40% are varsity athletes; about 80% participate in organized athletics in some form. The existing athletic complex is a hub of activity on campus, and the new complex will attract and accommodate the campus community – and the local Waterville community – in new ways.

“Sheri and I are thrilled to be able to support Colby in this way at this time,” said Boulos. “The College has ambitious plans for its future, and we are all in.”

In addition to this capital gift, Joe and Sheri Boulos committed $350,000 to the Colby Fund, which facilitates the college’s operations and accelerates important strategic initiatives. 

Boulos was afounding CBRE | Boulos Brokerage, Asset Management and Boulos Development in 1975. He now oversees the strategic direction of the management company.