Frequently Asked Questions (FAQs)

What is the difference between the Annual Fund (i.e., The Sage Fund for Excellence) and other types of fundraising efforts?

What is the difference between the fiscal year and the calendar year at Sage?

Do gifts of any amount to The Sage Fund for Excellence really make a difference?

Why are there limited opportunities to restrict gifts to The Sage Fund for Excellence?



Q: What is the difference between the Annual Fund (i.e., The Sage Fund for Excellence) and other types of fundraising efforts?

A: The Sage Fund for Excellence immediately benefits Sage's annual budget. Each year, it costs money to provide academic and extracurricular experiences for students, to repair and improve campus facilities and buildings, to maintain campus grounds and parking lots, and to pay the faculty and staff members who are dedicated to the students they serve. While tuition is a major source of revenue, Sage Fund dollars allow us to keep our education costs affordable and to provide scholarship and financial aid to over 95 percent of Sage students. Other types of fundraising generally target capital projects (e.g., building construction and renovation) and the endowment (e.g., endowed scholarships from which the interest is awarded to students each year).

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Q: What is the difference between the fiscal year and the calendar year at Sage?

A: The calendar year is - of course - January 1 through December 31. The fiscal year, which has the greatest financial impact for Sage and Sage students, runs from July 1 through June 30. The fiscal year always marks the amount of time during which we are trying to attain annual fundraising goals to meet student needs for the academic year.

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Q: Do gifts of any amount to The Sage Fund for Excellence really make a difference?

A: YES! With more than 34,000 Sage alumni and friends, just imagine if everyone contributed at least $1 to The Sage Fund. That equals enough money to annually fund one student who otherwise might not be able to afford a college education! Now do the math for gifts of $25, $50, or $100! Also, participation (regardless of amount) is key in gaining corporate and government funding to support things like student and faculty research, academic program enhancements, and necessary building projects.

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Q: Why are there limited opportunities to restrict gifts to The Sage Fund for Excellence?

A: Oftentimes you may wonder why you can't specifically make a gift to a particular academic department, athletic team, or campus facility. We will occasionally create and establish ways for alumni and friends to contribute to specific initiatives or programs in a given fiscal year. However, the real benefit of The Sage Fund for Excellence is that, along with tuition revenue, it enables Sage to afford the necessary cost of providing an outstanding educational experience for all its students.

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