The Sage Colleges Raises More than $62 Million
The Sage Colleges announced that the recently-concluded Centennial Campaign for Sage raised $62,478,869, significantly surpassing its original $50 million goal. The campaign, which coincided with the celebration of Sage’s 100th year, was the most successful fundraising effort in its history. The 1994 Students & Scholars campaign raised $17.3 million.
“I am delighted to begin my leadership at The Sage Colleges with the momentum from the Centennial Campaign,” said Dr. Christopher Ames, who joined Sage as president in July 2017. “This successful campaign has provided a solid foundation on which to implement a new strategic plan and sets the stage for Sage’s second century.”
Gifts to the campaign have been used to support initiatives across both campuses, including academic programs, facility upgrades and strengthening the endowment for student and campus needs. From 2011 through 2017, gifts to the campaign have created a total of $20 million in operating support. Fifty-four new endowment funds were created -- including 39 endowed scholarship funds -- that increased the Sage endowment value by 60 percent. One hundred new estate and planned gifts will help ensure long-term financial stability.
The campaign also supported 34 major capital projects, including the purchase and renovation of the Armory at Sage College of Albany; renovations to the Shea Learning Center library at Russell Sage College; significant upgrades to classrooms, labs and recreation facilities and beautification projects including gardens and the installation of significant sculptures on both campuses.
“The Centennial Campaign was one of my most important initiatives during my tenure at Sage,” said Susan Scrimshaw, Ph.D., who stepped down as president of The Sage Colleges in June 2017. “I saw the positive impact on operations, the endowment, capital projects on both the Albany and Troy campuses, and ultimately, on Sage students.”
Leadership gift fundraising for the campaign began in 2011 and the public phase kicked off in 2015 with a goal to raise $50 million by the conclusion of Sage’s Centennial celebration in 2017. In October 2016, Scrimshaw announced the campaign had surpassed its original goal and set a new goal to raise $60 million. The campaign concluded at the end of the Sage’s Centennial celebration and fiscal year on June 30, 2017.
“I am so grateful to the entire Sage community,” said Campaign Chair Donna Robinson Esteves. “Because of the generosity of so many, we were able to raise far beyond what we initially imagined, continuing Sage’s journey into a bright second century,” stated the former chair of The Sage Colleges Board of Trustees and Russell Sage College alumna.
Besides being the most successful campaign in Sage’s history, the Centennial Campaign for Sage included two of the largest gifts ever to the institution: Esteves gave $12 million, including the initial $10 million gift that anchored the Centennial Campaign, and Lucile Shea, who attended Russell Sage College in 1937 and 1938, left a $12 million bequest gift.
“The advancement team worked incredibly hard during this campaign and celebrates this significant milestone with the rest of the Sage community,” said Sage’s Vice President for Institutional Advancement Melissa Komora. “We are inspired by and grateful for the extraordinary generosity and support from Sage graduates and friends from all over the United States.”
More details are available on Sage's Centennial page at https://centennial.sage.edu/campaign-progress/.