San Diego Business Journal

UCSD Receives $6 Million Bequest From Cubic Founder and His Wife

Tuesday, September 24, 2013

The University of California. San Diego has accepted a $6.05 million bequest from the trust of Walter J. Zable and Betty Zable.

The university plans to use the funds for business and technology education.

Walter J. Zable is the executive who founded San Diego-based Cubic Corp. in 1951 and led the company until his death in June 2012. Betty Zable died in 2007.

The university said it would use the funds primarily for endowed chairs and scholarships, as follows:

$1 million will establish the Zable Endowed Chair in Management Leadership at the Rady School of Management;

$1 million will establish the Zable Endowed Chair in Energy Technologies at the UC San Diego Jacobs School of Engineering;

$3.9 million will establish the Zable Scholarship and Fellowship Program;

$100,000 will go to the UC San Diego Shiley Eye Center.

— SDBJ Staff Report