Dr. Amar Bose, founder of the Bose Corporation, has gifted his alma mater the majority shareholding in his corporation. The university will receive annual dividends to further education and research. Dr. Bose received his degrees at MIT and taught there until 2001. Dr. Bose received his bachelor’s, masters’ and doctorate degree from the university. His degrees were all in electrical engineering, he then served as a faculty member from 1956 up until 2001.