Board President Jim Pierce shared news of a significant planned gift recently established by Maria Polcari ’73, naming the Academy as beneficiary. The gift, which is part of Ms. Polcari’s estate planning, is estimated at $3 million.
Jim provided kind and heartfelt recognition to Maria at a dinner during the May board meeting and noted that, as far as the Academy is aware, Maria’s is the largest gift given by a female graduate in the history of the Academy. Fittingly, Maria is a proud member of the class of 1973, which was the first class of graduating females at the Academy. Maria has remained a connected and loyal supporter of the Academy throughout the years and her decision to support the Academy’s future in such a meaningful way will impact Academy students well into the future.
Touching on the campaign theme, With True Courage, Jim noted the courage Maria demonstrated in 1971 by arriving in the fall as one of twenty-six female day students, joining the ranks of more than three hundred boys. Maria, however, says the transition from an all-girls school to the Academy was a positive one and that she wished that the Academy had been open to females before 1971. “I can’t think of anything that was negative and I wished that I had been able to attend all four years,” she said.
For Maria, the Academy was a natural choice when deciding on how her estate would be distributed, “There are many charities worth supporting, but in the end my personal connection and confidence in the Academy matters most. By putting my affairs in order and planning I was really able to realize how much I can do to support the school”.
When realized, Maria’s gift will support unrestricted endowment, meaning that the Academy will have maximum flexibility to utilize the funds where they are needed most. Leadership gifts like Maria’s have provided important momentum for the Academy as the With True Courage campaign is officially launched this fall.