The late founder of Cubic Corp. and his wife designated more than $6 million from their estate to the University of San Diego in support of Torero athletics, school officials announced Monday.
Walter J. Zable, who died in the summer of 2012 at the age of 97, and his wife, Betty Zable, who passed away in 2007, also designated the money to fund athletic scholarships at USD.
Zable, a member of the USD's board of trustees from 1977 to 1996, and his wife leave behind a legacy of philanthropic support to USD and Torero athletics.
“We are forever grateful to the Zables for their generous support of USD’s athletics program,” said USD President Mary Lyons. “Their generous contributions during the last four decades have allowed USD to create several endowed scholarships that will provide educational opportunities for countless outstanding Torero student athletes.”
In 2006, the school honored Walter by naming the field at Torero Stadium the “Walter J. Zable Field at Torero Stadium.”
A leading innovator, Zable founded Cubic (NYSE: CUB), a small electronics company, in 1951. Today, Cubic employs more than 8,000 people around the globe and recorded sales in 2012 of nearly $1.4 billion.
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