Bequest to Plymouth schools tops $2 million
A gift to the schools originally thought to be worth more than $1 million is worth more than twice that – and it’s still growing.
Angela R. Holmes died in September, leaving the bulk of her estate to Plymouth schools.
A $600,000 check arrived in January. Another came in February. Holmes’ attorney, Peter Muncey Jr., sent a third $600,000 check in April and $350,000 more last month.
He told school committee members Monday that more money would follow as he wraps up final distributions of the estate.
Muncey said there is probably a few hundred thousand dollars more coming.
“Her generosity is overwhelming,” Committee Chairwoman Linda McAlduff said. “I’m speechless and can’t thank you enough.”
Superintendent Barry Haskell said the bequest would give students opportunities for years to come.
Holmes’ will directs the money into two scholarship funds, one in memory of herself and her husband, Richard, and the other in memory of her mother and sister, Angie and Augusta.
Muncey said the town would be responsible for investing the money and turning the interest over to the schools for scholarships.
The schools will decide the criteria for the scholarships, Muncey said.
Holmes’ executrix, Dorothy Vacca, was a good friend of Augusta Holmes. When Augusta died before Angela, Vacca agreed to serve in the same capacity for Angela Holmes.
While she was familiar with some of the sisters’ investments, she was surprised by the total amount of the estate.
“I was not aware of the extent of the estate,” she said. “But Augusta worked as a secretary to a bank treasurer. She was good with money.”
Muncey said most of the money was made in the stock market. He said much of it was from Augusta Holmes’ shrewd investing.
She left her money to her sister with the understanding that it be used to help educate children, Muncey said.
Augusta Holmes never married, and neither sister had any children.
Angela Holmes honored her sister’s request, giving $50,000 each to the Cardinal Cushing School and the Boys & Girls Club of Plymouth, a smaller amount to St. Peter’s Church, and the bulk of the money to Plymouth schools.
Haskell said it is the largest bequest the schools have ever received.
Angela Holmes died at 91 at the Newfield House. She previously lived on Whiting Street.
Tamara Race may be reached at email@example.com.