Joseph F. Boulos

Honorary Degree Citation

Joe Boulos

Joseph F. Boulos. Business leader. Believer in the transformative power of education. Favorite son of Colby and of Maine. It was Colby’s good fortune when you enrolled in 1964, following your father’s footsteps to Mayflower Hill. You earned your degree in administrative science, and, after graduation, you chose to serve your country as a Marine in Vietnam. Following stints as a commercial pilot in Southeast Asia and Africa, you came home and founded The Boulos Company, now one of Maine’s largest real estate development firms. You have served Maine as a director or trustee of a wide variety of worthy organizations, Colby not least among them. With your wife, Sheri, you have enriched the lives of all Colby students with your support for The Boulos Family Fitness Center, the museum, and many other projects and funds. But you have a special place in your heart for Maine students, especially those who need financial assistance to attend Colby. You and Sheri helped Colby extend “no-loan” financial aid to those students, so they could graduate debt-free. Thanks to your leadership as chair of the Board of Trustees, the no-loan policy was extended to all Colby students with financial need. Beyond Colby, your Boulos Family Scholarship Program has enabled more than 250 Maine veterans of the conflicts in Iraq and Afghanistan to enroll in college. For this extraordinary gesture, you received the Patrick Henry Award from the National Association of the United States National Guard, adding to a list of honors for your work that includes being the Finance Authority of Maine and Maine Real Estate Developers Association developer of the year, induction into the Maine Business Hall of Fame, and receiving the Maine State Senate President’s Cornerstone Award. We at Colby are grateful for your service, your citizenship, your exemplary life as a Colby graduate, and most of all, for your enduring affection for the College.

By the authority of the Board of Trustees of Colby College, I confer upon you, Joseph F. Boulos, the degree of Doctor of Laws, honoris causa. The hood with which you have been invested and this diploma which I place in your hand are visible symbols of your membership in this society of scholars, to all the rights and privileges of which I declare you entitled.


Conferred May 24, 2009

Joseph F. Boulos ’68 is president of The Boulos Companies in Portland, Maine, northern New England’s largest commercial real estate firm, and chair of the Colby College Board of Trustees. He and his wife, Sheri, made the financial commitment to eliminate loans from aid packages for Colby students from Maine, which was instrumental in the board’s expansion of the “no-loan” financial aid program to all aided students. In addition to financial aid, his philanthropic interests at the College have included the Museum of Art, the Boulos Family Fitness Center, and other projects. He has received numerous honors in Maine, including being named developer of the year by the Finance Authority of Maine and by the Maine Real Estate Developers Association, induction into the Maine Business Hall of Fame, and the Maine State Senate President’s Cornerstone Award. He also was appointed to the New England Advisory Board of the Federal Reserve and was awarded the Patrick Henry Award by the National Association of the National Guard for his service to Maine veterans of the Iraq and Afghanistan conflicts, more than 250 of whom have enrolled in college with financial assistance from Joe and Sheri Boulos. He has been a member of the Maine Real Estate and Development Association board, chairman of the Maine Compact for Higher Education, trustee of Maine Bank & Trust, and board member of the Portland Museum of Art and Portland’s Mercy Hospital and Cheverus High School.


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