Along with Jon McGlocklin, Doucette co-founded the MACC Fund in 1976 after his two-year-old son, Brett, was diagnosed with cancer.[4] Today, he serves as the fund's honorary vice-president.[3]
Eddie is known for coining the term "skyhook" when Kareem Abdul-Jabbar shot the ball on May 10, 1974, at Boston Garden in Game 6 of the NBA Finals between the Bucks and Celtics. He also gave a signature call of "Bango!" whenever a Bucks player would make a long-distance shot. Doucette's "Bango" call was also used by his successor, Ted Davis, and is also the name of the Bucks' mascot.