I have always thought endowments were made by wealthy, philanthropic people who never had to worry about paying their fuel oil bill, but that is not so. We are ordinary and have asked our oil man countless times to "wait 10 days before cashing."

We purchased my life insurance policy in 2000 or so and the original beneficiary was Steve; to hire a part-time nanny in case anything should happen to me. I made the 3 kids beneficiaries when they were in college to help pay off their student loans if I prematurely met my demise.

Three or so years ago I made Maine Maritime Academy's VOT program the beneficiary of my policy because Steve is all set for his retirement. The kids have paid off their student loans and make very good money in their engineering fields, so nobody really "needs" the money.

Maine Maritime Academy was such a good fit for George. He loves his job and has a cadre of friends he made in Castine. He will always be able to make a living, and he will never be alone. What more could a mother want for her child?

This endowment will be a gain for everybody: the maritime industry, a kid who might be a little short of his tuition, a few mothers who will be able to rest easier, and MMA can earn some interest in the meantime.

I am happy to have the wherewithal to share with Maine Maritime Academy.

Ann and Stephen Doe P'20