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Lockwood Leaves $2.2 Million to Northeastern
Northeastern has received the first installment of a gift of approximately $2.2 million from the estate of the late Douglas B. Lockwood, E'53. The bequest is unrestricted, which means the University can direct the funding where it is needed most. It is one of the largest unrestricted gifts ever to Northeastern.
"Unrestricted gifts of this size are rare, and provide a unique opportunity to fund a top priority and make a significan t impact," explains President Richard M. Freeland.
Lockwood previously supported the Northeastern Fund annually for more than two decades.
"His generosity over the years demonstrates his understanding of the importance of both consistent and unrestricted support," said George Trahan, director of planned giving. "This bequest demonstrates his desire to provide for Northeastern's future as well."
As a student, Lockwood studies mechanical engineering and was a member of the American Society of Mechanical Engineers. The life-long resident of Saugus, Mass., passed away in January of 2003. He was 73.
The Lockwood bequest comes on the heels of another
major bequest. Last year, the University received $2.4 million from
the estate of Marguerite S. Parker in honor
of her friend, Marjorie L. Stevens, UC'63, UC'66.
|This article appeared in the Spring 2005 issue of Pathways: The Leadership Campaign.|
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