Rensselaer Semi-Weekly Republican, Volume 41, Number 102, Rensselaer, Jasper County, 10 September 1909 — What Mrs. Russel Sage Is Doing With Her Money. [ARTICLE]

What Mrs. Russel Sage Is Doing With Her Money.

The estate left by Russell Sage amounted to exactly $64,153,800 as figured out after his death. Of this sum $63,778,800 went to his Widow and the balance to other relatives. Elizur Sage, of this county, a nephew of the deceased, received $50,000. Mrs. Sage has given $10,000,000 as a foundation for a fund to improve social and living conditions, and this money is drawing $450,000 interest each year, thus adding greatly to the fund. This was the largest single gift in the history of the world for philanthropy, but it represents only about one-half of what this good woman has given to charity. She is the largest single tax payer in the state of New York. Andrew Cprnegie is the second largest. Mrs. Sage gave $300,000 for the establishment of the Sage Institute of Pathology in connection with the New York City Hospital. She gave SIOO,000 for the establishment of a teachers’ college at Syracuse. She gave $250,000 for the new Freshman dormitory at Princeton. She gave $350,000 to the international committee of the Young Men’s Christian Association. Also $50,000 to the school building fund for Pierson model high school building at Sag Harbor, Long Island. She later doubled this gift. Also $300,000 to the New York University and $1,000,000 each to the Rensselaer Polytechnical Institute and to the Emma Williard Institute, of Troy. Mrs. Sage was educated at the latter school. She is an educated and refined woman and her gifts are well placed ard are sure to be a great boon to the educational institutions of that state.