Historic $10M Donation Kicks Off New Era at Russell Sage on Inauguration Day!
Russell Sage College in Troy, N.Y., celebrated a big day on Wednesday as they officially welcomed their new president, Dr. Matthew Shaftel, with an inauguration ceremony.
The event marked an important moment for the college community, which came together to honor its new leadership and the institution’s ongoing legacy.
Dr. Shaftel, who took over as president in July following the retirement of former president Christopher Ames, expressed his gratitude and shared his vision for the college’s future.
Even though the day was meant to celebrate his new role, he made it clear that the focus was on the college itself and its journey. “Our faculty, staff, and students deserve a moment to reflect on all the things that have happened over the last 108 years and to think about how we lay the course for the future,” he stated.
His message was one of unity and optimism. He encouraged everyone to look back at the college’s history while planning for the years ahead.
Adding to the celebrations, the college also announced a generous donation that will significantly impact its future. A former student, who is also a trustee of the college, donated $10 million to establish the Sage Forward Fund.
This new fund is aimed at ensuring the institution’s long-term stability and growth.
It is a major step forward for Russell Sage College, giving it a strong financial foundation to build upon and helping the college expand its programs and support for students, faculty, and staff.
The $10 million gift is one of the largest donations in the college’s history, and it highlights the dedication and loyalty of its alumni.
The donor’s decision to invest in the college’s future shows their belief in the value of the education and experiences that Russell Sage College offers.
The Sage Forward Fund will likely provide the college with the resources needed to implement new initiatives, improve facilities, and create opportunities that will benefit both current and future students.
Dr. Shaftel’s inauguration not only introduced a new chapter of leadership but also marked the beginning of an era of growth and opportunity for Russell Sage College. The college community is optimistic about the positive changes that the new leadership and the generous donation will bring.
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With the new president’s vision and the strong support from alumni, the college is looking forward to building a promising future while continuing its mission of providing quality education and opportunities to its students.