Ray Dolby leaves $52m to Cambridge University.
December 4, 2015
By Chris Forrester
The late Ray Dolby, founder and major shareholder in Dolby Labs. has left Pembroke College, Cambridge, $52.6 million (£35m) in his will.
The donation by Dolby, who died in September 2013, is the largest-ever made in modern times to the College. Ray Dolby was a graduate student and subsequent PhD research fellow at Pembroke College.
The cash will go towards the creation of the Ray and Dagmar Dolby Court, a common area and housing for students.
Dolby founded his business in London some 50 years ago.
“This gift will create a spectacular setting in which future students will benefit from the university’s education and begin to make their own mark in the world of innovation, as Ray did with such notable impact,” Professor Leszek Borysiewicz, Cambridge vice chancellor, said in a statement.