In September, board of Trustee President Jim Pierce was pleased to announce that fellow trustee Steve Shapiro’74, P’09 and his family made a leadership gift of $1.25 million to the Academy. The gift honors Steve’s parents, Lillian and Arnold Shapiro, wife Eileen and Daughter Ariel ’09 and is designated to key areas represented in the guiding principles of the Academy’s Strategic Plan.
A substantial portion of the gift will support the Academy’s endowed financial aid program through the Michael A. Moonves Endowed Scholarship Fund. The Moonves Scholarship fund is a fully endowed fund that provides need based financial support to deserving students at the Academy. As a student who benefited greatly from the financial aid program at the Academy, Steve views this gift as a responsibility to ensure that the program is not only sustained but expanded. A strong and sustainable financial aid program gives the Academy the ability to attract exceptional students providing the building blocks to the vibrant Governor’s community. Put simply, Steve says, “…the quality of the student begets the quality of the community.”
The Shapiro Family gift will also provide multi-year support to the Academy’s annual giving program, The Governor’s Fund. By incorporating both a current use component that provides immediate fiscal strength with a longer term, legacy gift through planned giving, the Shapiro Family’s generosity provides the Academy with a thoughtful and balanced gift that supports both current financial stability and long term strength.