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Russell Sage College is excited to receive $2.7 million in Higher Education Capital Matching Grant Program (HECap) funds from the State of New York for its renovation of historic Sage Hall as a living-learning space for students. The grants were announced on October 24, 2025.
Sage was among 35 independent and private colleges and universities across the state to receive funds, which support efforts to “upgrade facilities, create modern laboratory and research spaces, and invest in cutting-edge instructional technology and equipment — ensuring that New York’s higher education institutions remain at the forefront of innovation and opportunity,” according to New York Gov. Kathy Hochul’s announcement of the grant awardees.
“While our Albany campus connects us directly to the heart of the capital and to partners across the region, our beautiful and historic Troy campus reflects the college’s roots and enduring spirit,” said Russell Sage President Matthew Shaftel. “Upgrading such historic spaces to meet student needs is an expensive undertaking, and we’re deeply grateful to the State of New York for this grant and to the donors who have generously stepped forward to help match the state’s funds.”
Sage Hall, a 59-bed upperclass co-ed residence hall with campus community gathering spaces, has been undergoing a complete renovation to modernize the interior space and HVAC system. The $10.5 million project was funded primarily by donors and grants, including a significant gift by alumna Donna Robinson Esteves ’70. It is slated for completion in fall 2026.
“Donor support is bringing Sage Hall to life, creating a home where students can grow, dream, and thrive,” Shaftel said. “We encourage alumnae/i and other donors to make gifts today to help complete this historic renovation and open doors for future generations.”
Sage Hall was built in 1895 by Russell Sage, husband of the college’s founder, Margaret Olivia Slocum Sage, for the Troy Female Seminary. It is one of the college’s original buildings still in use today.
“New York’s independent colleges and universities are engines of innovation that prepare our students for success and strengthen communities in every region of the state,” Governor Hochul said. “By investing in modern classrooms, laboratories, and facilities, we’re ensuring that students have access to the tools and environments they need to thrive. These projects stand for our ongoing commitment to keeping New York at the forefront of education and economic opportunity.”