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Gifts of Lifetime and Legacy Impact
Russell Sage College’s endowed funds support scholarships, fellowships, facilities renovation and maintenance and outstanding faculty, while providing a solid financial footing for the institution.
Sage accepts gifts of any size to its unrestricted general endowment fund or as additions to existing endowments.
Endowments may be funded through current donations of cash or securities, or through estate/deferred gifts. The minimum gift for the establishment of a general endowment fund is $25,000 and the minimum for an endowed scholarship fund is $50,000. A payment plan to endow a fund may be established for up to five years and may include estate planning.
Income from new funds is awarded one year after the date of fully endowing the fund. The Finance Committee of the Board of Trustees sets a spendable amount based on a three-year moving average of the history of the fund. Yield above this amount remains in the endowment to protect against inflation and is reflected in the market value.
| Endowment Funds | Minimum Gift or Donation |
|---|---|
| Named General Endowment Fund · unrestricted support to advance Sage | $25,000 |
| Named Scholarship Fund · tuition, other educational expenses · may designate program | $50,000 |
| Named Campus Enhancement · new or existing building/grounds maintenance · new equipment, repair · may designate program | $50,000 |
| Named Scholarship, Research, or Lecture Fund in Specified Area · tuition, other educational expenses · faculty, graduate, or undergraduate research · lectures, seminars, workshops · may designate program | $100,000 |
| Named Resource Fund · new technology/equipment for a program of study · may designate program | $100,000 |
| Named Faculty Fellowship · salary, research/travel · may designate program | $250,000 |
| Named Professorship · salary, research/travel · may designate program | $500,000 |
| Named Chair or Distinguished Visiting Professor · salary, research/travel, professional expenses · may designate program | $1,000,000 |
A fund may be named in honor of family members, businesses, or to memorialize a loved one.
Endowments help Sage plan strategically for the future. Income from endowed gifts goes directly to support the purpose for which the fund was established without spending the original gift amount. Donors are ensuring the College’s mission in perpetuity.
Sage will gladly work with you to plan an endowed gift.