"I want to thank the Academy for its courage and generosity"

Elia Kazan's quote is a wholehearted expression of appreciation to the Academy for their guts and kindness. By thanking the Academy, Kazan is recognizing the bravery and compassion of the company for recognizing his work and awarding him with an Oscar. The Academy's nerve is likely describing their willingness to recognize and honor Kazan's work despite the controversy surrounding his statement prior to the House Un-American Activities Committee. The generosity of the Academy is likely referring to their willingness to overlook the controversy and still recognize Kazan's work. Kazan's quote is a testament to the Academy's commitment to acknowledging quality in the film market, no matter any debate.