FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO.

909222-25
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 09/03/2025

EXHIBIT A
FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

COLLEGE DESIGNATED FUNDS

Total Value as of Transferee
Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Albany Rotary Rotary Club of 1. Good academic standing, with a preference for those with academic achievement, when all other criteria $ 109,870.60 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Scholarship Albany (Richard have been met. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Suker, President) 2. Preference to undergraduate students who attended high school in, and are residents of, the City of Foundation** receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Albany. Should no appropriate applicant be identified within this pool, second preference will be given to former students of the College to described herein. It is further requested that the scholarship criteria be
students from Albany County. complete their degree programs. modified to provide that a preference will be given to students who were
3. Recipients will be selected through use of an application, which includes a written statement about enrolled in a degree program at The College of Saint Rose on the date
volunteer service "Service Above Self," an endorsement from a supervisor, mentor, or instructor, and/or an that the College announced its closure.
interview process with the Fund's scholarship committee. Specific award procedures and an application are
attached.
4. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor
Representative, may select a student recipient outside the preferences for one year.
Ann Radigan Patrick 1. Scholarship awards are for students who are in good academic standing. $ 309,156.08 Russell Sage Russell Sage College is a Teach- Request that the Transferee Organization be permitted to use the fund in
McCarville '49 McCarville 2. Preference will be given to undergraduate students pursuing a degree in Education. College Out Partner. furtherance of its educational purpose to aware scholarships to students
Endowed 3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor, may who satisfy the criteria set forth in the gift instrument as described
Scholarship select a student recipient outside the preferences for one year. herein. It is further requested that the scholarship criteria be modified to
provide a preference for students who were enrolled in a degree program
at The College of Saint Rose on the date the College announced its
closure.
Anne Smith John E. Maloy, Sr. 1. The income available each year will be used by The College of Saint Rose Library. $ 33,245.04 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the fund in
Maloy `51 2. Funds will be used to purchase books in all formats in literature; titles will be determined by the Librarian College's Teach-Out Partners and, furtherance of its educational purpose to support its library and in
Endowed Book of The College of Saint Rose Library, according to current needs. as of the date of this Petition, is accordance with the restrictions imposed by the donor as set forth in the
Fund expected to matriculate over 100 gift instrument as described herein.
former students of the College to
complete their degree programs.
In addition, Siena College has a
similar program and mission as
the College and shares the
College's Catholic tradition.

Bernard and Reverend John F. 1. Scholarship awards are for students who are in good academic standing. $ 48,744.43 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
Nora Cronin Cronin, S.S. 2. Recipients shall be full-time or part-time graduate or undergraduate students. College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
Endowed 3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Scholarship Representative, may select a student recipient outside the preferences for one year. expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
former students of the College to modified to provide that a preference will be given to students who were
complete their degree programs. formerly enrolled in a degree program at The College of Saint Rose on the
In addition, Siena College has a date that the College announced its closure.
similar program and mission and
shares the College's Catholic
tradition.

Bernice S. Kahn Kahn Family 1. Awarded to students who are in good academic standing. $ 54,327.53 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
G'73 Endowed (William M. Kahn 2. Majoring in Communication Sciences and Disorders at the Undergraduate or Graduate Level. College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Scholarship in is the signatory) 3. Preference to a non-traditional/returning student, and/or when expressed by the student, that their Russell Sage has a new students who satisfy the criteria set forth in the gift instrument as
Communication choice of major was influenced by having a family member with a communication disorder, which may undergraduate Communcation described herein. It is further requested that the scholarship criteria be
Sciences and include hearing impairment. Sciences and Disorders program modified to provide that a preference will be given to students who were
Disorders 4. Award will be made to assist a student who demonstrates a passion for the field of Speech-Language that begins in Fall 2025 and formerly enrolled in a degree program at The College of Saint Rose on the
Pathology and who actively volunteers in the local or college community. anticipates adding a graduate date that the College announced its closure.
5. Recipients may or may not be eligible based upon financial need. Communication Sciences and
Disorders program.

College Designated Funds Page 1

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Biagiotti- Nora W. Sr. Agnes to be represented on a faculty committee within the History/Political Science department that will $ 10,051.32 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the fund in
Burton Academic Anderson select each year's recipient. This committee will choose a recipient based on the same characteristics of Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Prize in Political courage, honesty, and community involvement associated with Domenico's studies here at Saint Rose. Foundation receive the largest number of students who satisfy such eligibility criteria as may have been imposed by
Science/History. Donor wishes the prize to be $400.00 per year. During donor's lifetime, Donor offered to make up any former students of the College to the donor and set forth in the respective gift instrument as described
deficiency on an annual basis should the College's investment fund not provide the needed amount. complete their degree programs. herein. It is further requested that the scholarship criteria be modified to
provide a preference for students who were enrolled in a degree program
at The College of Saint Rose on the date the College announced its
closure. It is further requested that this Fund be modified to remove any
restrictions on the Fund that impose limits on annual spending so that the
fund is reclassified as a use-restricted rather than an endowment fund,
such that it is not subject to the NYPMIFA provisions regarding
appropriations of endowment funds and the Transferee Organization may
spend so much of the Fund annually as it determines is in its best
interests, including spending the Fund down entirely in any year.

Class of 1938 Class of 1938 1. Scholarship awards are for students who are in good academic standing. $ 2,677.21 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the fund in
Memorial 2. Preference given to students who have demonstrated academic achievement. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Scholarship 3. In a given year if the Donor's preference cannot be met, the College may select a student recipient Foundation receive the largest number of students who satisfy such eligibility criteria as may have been imposed by
outside the preferences for one year. former students of the College to the donor and set forth in the respective gift instrument as described
complete their degree programs. herein. It is further requested that the scholarship criteria be modified to
provide a preference for students who were enrolled in a degree program
at The College of Saint Rose on the date the College announced its
closure. It is further requested that this Fund be modified to remove any
restrictions on the Fund that impose limits on annual spending so that the
fund is reclassified as a use-restricted rather than an endowment fund,
such that it is not subject to the NYPMIFA provisions regarding
appropriations of endowment funds and the Transferee Organization may
spend so much of the Fund annually as it determines is in its best
interests, including spending the Fund down entirely in any year.

Diane Mary Robert and 1. Scholarship awards are for students who are in good academic standing. $ 110,342.43 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Morra Memorial Marianne Morra 2. Preference given to students majoring in Special Education with demonstrated financial need. College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Scholarship '54 4. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donors, may Russell Sage has a degree students who satisfy the criteria set forth in the gift instrument as
select a student recipient outside the preferences for one year. program in Education that was described herein. It is further requested that the scholarship criteria be
recently expanded to included modified to provide that a preference will be given to students who were
Special Education. formerly enrolled in a degree program at The College of Saint Rose on the
date that the College announced its closure.

College Designated Funds Page 2

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Donna L. Dr. Kathleen 1. Senior level Psychology major (graduating in December, May, or August) of the academic year that Senior $ 13,996.52 Albany College of ACPHS has enrolled 30 former Request that the Transferee Organization be permitted to use the Fund in
Reittinger Award Crowley Seminar Research (or its equivalent) is taken. Pharmacy & undergraduate students of the furtherance of its educational purpose solely to award scholarships to
for Outstanding 2. Must have completed all of Senior Seminar Research (or its equivalent) successfully. Health Sciences College and has adopted the students who satisfy the criteria set forth in the gift instrument as
Undergraduate 3. Eligible students must have at least a 3.0 GPA in Psychology and an overall GPA of 3.0. College's programs in psychology, described herein. It is further requested that the scholarship criteria be
Psychological 4. The student must have demonstrated excellence in at least one largely-independently completed forensic psychology & forensic modified to provide that a preference will be given to students who were
Research psychological research project (considerations may include senior seminar research project, directed science. enrolled in a degree program at The College of Saint Rose on the date
research, research based independent studies, research based internships, conference presentations, that the College announced its closure.
publications, research methods II projects, honors theses.)
5. The permanent faculty of the Psychology department will nominate students to be considered for the
award. Abstracts from these students' Senior Seminar Research (or its equivalent) project will be circulated
among the members of the permanent faculty.
6. From the list of abstracts, permanent faculty members will rank order the abstracts as to study quality.
7. Based on the average rankings, a "short list" of approximately five to eight students will be created. For
these students, the department chair will determine if all are eligible for the award in terms of the GP A,
successful completion of Senior Seminar Research (or its equivalent), and graduation requirements.
8. Following the chairperson's determination of student eligibility, the students' full papers and any other
supporting research papers, conference presentations, etc., will be circulated among all permanent faculty
members of the Psychology department. Each faculty member will rank order the eligible students as to
who should get the award.
9. The student with the highest average ranking will receive the award.
10. The award will be given annually at the College of Saint Rose Honors Convocation with acknowledgment
that this award is in recognition of the Psychology Department's founding chair, Donna Lis Rettinger.

Dr. Sally I. Fox Barbara and 1. Award for undergraduate students with demonstrated financial need. $ 49,838.93 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Scholarship Fund Susan Fox 2. First preference will be given to students who are enrolled in the Physical and Biological Sciences; with Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
second preference given to students enrolled in The School of Mathematics and Sciences. Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
3. in a given year, if the Donor's preferences cannot be met, the College may select a student recipient former students of the College to described herein. It is further requested that the scholarship criteria be
outside the preferences. complete their degree programs. modified to provide that a preference will be given to students who were
University offers wide range of enrolled in a degree program at The College of Saint Rose on the date
Physical and Biological Sciences that the College announced its closure.
and programs in mathematics
and computer science.

Fr. Christopher George O. Pfaff 1.The income available for distribution each year will be made available to the Dean of Spiritual Life at The $ 31,193.72 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
DeGiovine College of Saint Rose for uses outlined in this agreement. College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
Student 2. This Fund will support student activities within the Office of Spiritual Life. Funds may cover leadership as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Leadership training professional meetings, involvement in community service projects, research, and enrichment expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
Activities Fund activities that enhance student leadership and personal growth. former students of the College to modified to provide that a preference will be given to students who were
complete their degree programs, enrolled in a degree program at The College of Saint Rose on the date of
particularly in nursing and the College announced its closure.
education. In addition, Siena
College has a similar program
and mission and shares the
College's Catholic tradition. Siena
actively supports spiritual life of
its students through its campus
ministry.

College Designated Funds Page 3

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Fr. Christopher George O. Pfaff 1. Awards are for students who are in good academic standing. $ 90,945.95 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
DeGiovine 2. Recipients may continue to receive scholarships from the Fund as long as they have a G.P.A. of 3.0. College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
Endowed 3. Preference given to a fulltime sophomore or junior active in community service and majoring in Religious as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Scholarship Studies or Philosophy. Second preference given to a student interested in social justice, peace studies, third expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
world issues and/or interfaith dialog. former students of the College to modified to provide that a preference will be given to students who were
4. Recipients will be selected through use of an application, letter of interest, statement of endorsement, complete their degree programs. enrolled in a degree program at The College of Saint Rose on the date of
and/or an interview process with the Office of Alumni Relations and the Fund's scholarship committee. In addition, Siena College has a the College announced its closure.
Specific award procedures and an application are attached to serve as a guideline. similar program and mission and
5. In a given year if the Donor's preference cannot be met, the College, in consultation with the shares the College's Catholic
Donor and/or Donor Representative, may select a student recipient outside the preferences for tradition. Siena College offers
one year. majors in religious studies and
philosophy

Future Applied Originally, 1. Preference given to students pursuing the following majors: MS, Educational Technology, BS, Computer $ 651,996.40 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Technology Charitable Information Systems, and MS, Computer Information Systems. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Educators (FATE) Venture 2.Scholarship awards are for students who are in good academic standing. Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Endowed Foundation. 3. In a given year if the Donor's preference cannot be met, the College, in consultation with the former students of the College to described herein. It is further requested that the scholarship criteria be
Scholarship Now, RGK Donor and/or Donor Representative, may select a student recipient outside the preferences for complete their degree programs. modified to provide that a preference will be given to students who were
Foundation one year. University at Albany offers a wide enrolled in a degree program at The College of Saint Rose on the date
range of undergraduate and that the College announced its closure.
graduate programs in computer
science.
Genevieve Yenz Executor Rev. 1. Professional nurses who wish to pursue a $ 391,875.11 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
Clark Scholarship John J. Wojtyna Bachelor of Science degree for the purpose of advancement in the nursing profession. Applicants may be College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
of the Estate of either those who are currently employed or those wishing to re-enter the work force in a nursing capacity. as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Genevieve Clark 2. Must be matriculated in a Bachelor of Science degree program at the College of Saint Rose, including expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
those nurses seeking degrees through the Experienced Adult Program. former students of the College to modified to provide that a preference will be given to students who were
3. Be at least a half-time student -- six (6) credits per semester (may include summer school). complete their degree programs. enrolled in a degree program at The College of Saint Rose on the date
4. Maintain a cumulative grade point average of a 3.0 or better. In addition, Siena College has a that the College announced its closure.
5. Must not be in default of a NDSL/Perkins Local or a Federal Student Loan. similar program and mission, and
6. The student can be eligible for other types of aid which will not duplicate the purpose of this scholarship. shares the College's Catholic
7. Pre-requisite: RN, CNA, LPN Diploma. tradition. Siena currently offers
8. Choose two of the following areas for consideration in the selection process: (A) academic grades; (B) as BSN degree program that
professional development; or (C) community work. aligns with the purposes of the
9. The scholarship provides $400.00 per semester** and is based solely on achievement. The total scholarship.
scholarship payment and any other type of financial aid the student might receive can not exceed the cost
of attendance according to financial aid guidelines.
10. Scholarship available to the student for a maximum of ten (10) semesters.

Hellman Family The Hellman 1. For students who are in good academic standing. $ 63,526.24 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Academic Family Trust 2. Preference will be given to undergraduate students with demonstrated academic achievement. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Scholarship 3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Representative, may select a student recipient outside the preferences for one year. former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

College Designated Funds Page 4

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Honorable Law Clerks of Expenses related to competition include transportation, registration fees, lodging/meals and supplies $ 37,655.29 The University at University at Albany is a Teach- Request that the restrictions on the Fund be modified to allow the
Loretta A. Preska Loretta A. Preska related to the administration of the Mock Trial Team and their participation in mock trial competitions. Albany Out Partner and is expected to Transferee Organization to use the transferred funds in furtherance of its
'70 Mock Trial '70 Foundation receive the largest number of educational purposes in accordance with the use restrictions imposed by
Team former students of the College to the Donor(s) in the gift instrument.
complete their degree programs.
The University at Albany has an
active Mock Trial Team
established in 2005.
Huether Thomas A. 1. Follett will provide $50,000 to the College's Huether School of Business Scholarship. This contribution will $ 79,280.68 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
Textbook Christopher, be made in ten equal payments of $5,000 annually commencing on the anniversary date of our Agreement College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
Scholarship President, Follett with first payment being due upon execution of this Agreement and subsequent payments each year on the as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Higher Education anniversary date. expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
Group 2. Follett shall provide a one-time contribution of $100,000 to the campaign for The School of Business. This former students of the College to modified to provide that a preference will be given to students who were
contribution will be made within 90 days of contract execution by both parties. This contribution shall be complete their degree programs, enrolled in a degree program at The College of Saint Rose on the date
amortized on a straight-line basis over eight (8) years beginning on the date that the contribution funds are particularly in nursing and that the College announced its closure.
deposited or endorsed by School. On any termination, expiration or non-renewal of this Agreement, the any education. In addition, Siena
unamortized amounts will be reimbursed by the School to Follett. College has a similar program
and mission, and shares the
College's Catholic tradition.

Huey C. Bogan Dr. Huey Bogan 1. Recipient will be a Childhood Education graduate student with a passion for life-long learning and $ 22,144.56 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
Award for and the Bogan exhibiting creativity in the role of teacher. College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
Creativity in family 2. Recipient must be a member of the Childhood Education Honor Society, Kappa Delta Pi. as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Teaching 3. Candidates are nominated by Education Department faculty; selection is made at a Department meeting. expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
former students of the College to modified to (i) remove the requirement that scholarship recipients be
complete their degree programs. members of the Childhood Education Honor Society, Kappa Delta Pi, and
In addition, Siena College has a (ii) provide that a preference will be given to students who were enrolled
similar program and mission, and in a degree program at The College of Saint Rose on the date that the
shares the College's Catholic College announced its closure.
tradition. Siena College has
adopted Saint Rose's B-6
program which is currently being
taught by former St. Rose Faculty
who were former colleagues of
Dr. Bogan.

Hy Rosen Award Mr. and Mrs. Hy Presented to an outstanding art student(s) who demonstrates a high level of skills, understanding, $ 15,454.19 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
for Excellence in Rosen innovation and insights in painting and drawing. Recipients are selected by the Art Department Faculty. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Painting and Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Drawing former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
The University offers several enrolled in a degree program at The College of Saint Rose on the date
undergraduate degrees in Art. that the College announced its closure.

College Designated Funds Page 5

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Iron Eyes Cody Thomas 1. For students who are in good academic standing. $ 49,945.55 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Scholarship Constantino 2. Recipients will be fulltime undergraduate or graduate students of Native American descent. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Representative, may select a student recipient outside the preferences for one year. former students of the College to described herein. It is further requested that in order to comply with
complete their degree programs. current federal guidance, the scholarship criteria that requires that the
scholarship be awarded to students of Native American descent be
removed. It is further requested that the scholarship criteria be modified
to provide that a preference will be given to students who were enrolled
in a degree program at The College of Saint Rose on the date that the
College announced its closure.

J.L. Koo Koo Chia Gee 1. Awarded to international graduate students at The College of Saint Rose who are in good academic $ 229,230.25 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Scholarship George (Dr. standing. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
George Koo) and 2. Preference will be given to student(s) from China. Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Irving Kirsch 3. The scholarship will be promoted through the EducationUSA office in the People's Republic of China former students of the College to described herein. It is further requested that in order to comply with
("mainland" China). complete their degree programs. current federal guidance, that the scholarship criteria preference that the
4. Academic qualifications and application deadlines for the appropriate graduate program must be met by University at Albany is Teach-Out scholarship be awarded to a student from China be removed. It is further
the scholarship candidates(s). partner with strong support for requested that the scholarship criteria be modified to provide that a
international students. The preference will be given to students who were enrolled in a degree
University at Albany is also program at The College of Saint Rose on the date that the College
assisting former Saint Rose announced its closure.
international students who are
participating in OPTs.

Jack Fragomeni Roswita 1. Recipient will be a junior, Music Major (any type), with an Instrumental Concentration, whose primary $ 22,772.22 SUNY Oneonta SUNY Oneonta is geographically Request that the Transferee Organization be permitted to use the Fund in
Memorial Music Fragomeni instrument is guitar. the closest music industry furtherance of its educational purpose solely to award scholarships to
Award 2. Recipient will be student who has shown the most improvement since freshman year. program and also a Teach-out students who satisfy the criteria set forth in the gift instrument as
3. Recipient chosen by Music Industry Department faculty. Partner. described herein. It is further requested that the scholarship criteria be
modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

James J. Carr Ill Karin J. Carr 1. Recipient will be an undergraduate or dual-degree student with a major in the School of $ 10,549.16 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the fund in
Memorial Award Business (graduating seniors are also considered). Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
for Excellence in 2. Recipient will have a minimum 3.0 GPA. Foundation receive the largest number of students who satisfy such eligibility criteria as may have been imposed by
Business Beyond 3. Faculty Nomination. former students of the College to the donor and set forth in the respective gift instrument as described
the Classroom 4. Recipient will be selected based upon what School of Business faculty deems outstanding complete their degree programs. herein. It is further requested that the scholarship criteria be modified to
honors level performance in an internship, field study, or faculty-directed study. provide a preference for students who were enrolled in a degree program
5. Minimum award amount is $250. at The College of Saint Rose on the date the College announced its
closure. It is further requested that this Fund be modified to remove any
restrictions on the Fund that impose limits on annual spending so that the
fund is reclassified as a use-restricted rather than an endowment fund,
such that it is not subject to the NYPMIFA provisions regarding
appropriations of endowment funds and the Transferee Organization may
spend so much of the Fund annually as it determines is in its best
interests, including spending the Fund down entirely in any year.

College Designated Funds Page 6

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
James J. and Estate of 1. For students who are in good academic standing. $ 57,590.41 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Marjorie Gleason Marjorie Gleason 2. Preference will be given to full-time, undergraduate students majoring in Elementary Education. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Connors Connors '57 3. In a given year if the Donor's preference cannot be met, the College may select a student recipient Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Endowed outside the preferences for one year. former students of the College to described herein. It is further requested that the scholarship criteria be
Scholarship complete their degree programs. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

James T. and Dorothy Taaffe Expenditures of available income shall be determined by the Chair of the Music Department and utilized to $ 18,937.84 The University at University at Albany is a Teach- Request that the restrictions on the Fund be modified to allow the
Marie B. Taaffe '36 support department expenses, including, but not limited to: sheet music, visiting lecturer/performer travel Albany Out Partner and is expected to Transferee Organization to use the transferred funds in furtherance of its
Music Fund expenses, instruments and equipment, et cetera. Foundation receive the largest number of educational purposes and in accordance with the use restrictions imposed
former students of the College to by the Donor(s) in the gift instrument.
complete their degree programs.
University at Albany offers a
Music BA, music department and
open ensembles. It is the
geographically closest Teach-Out
Partner with a Bachelor's degree
program in Music.

Janis M. Yezzi Anita Yezzi 1. Scholarship awards are for students who are in good academic standing. $ 42,816.94 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Endowed 2. Preference given to fulltime undergraduate or graduate students with demonstrated financial need, College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Scholarship majoring in Elementary Education. Undergraduate recipient may continue to receive the scholarship if students who satisfy the criteria set forth in the gift instrument as
he/she pursues a MSEd in Elementary Education at the College. described herein. It is further requested that the scholarship criteria be
3. Recipients may continue to receive scholarships from the Fund as long as they maintain a 3.0 GPA. modified to provide that a preference will be given to students who were
4. In a given year if the Donor's preference cannot be met, the College, in consultation with the enrolled in a degree program at The College of Saint Rose on the date
Donor/Donor Representative may select a student recipient outside the preferences for one year. that the College announced its closure.

Jesse Patterson Marie Gutta 1. Awarded to undergraduate students who are enrolled full-time and who are in good academic standing. $ 58,530.51 Ithaca College Although Music Education was Request that the Transferee Organization be permitted to use the Fund in
Scholarship in Franke '49 3. Scholarship will be awarded to an undergraduate majoring in Music Education, with preference given to a discontinued at the College of furtherance of its educational purpose solely to award scholarships to
Music student with a concentration in Vocal Music Education. Recipient must demonstrate talent and commitment Saint Rose in 2020, the College students who satisfy the criteria set forth in the gift instrument as
to music as well as to academics. continues to hold scholarship described herein. It is further requested that the scholarship criteria be
funds restricted for students modified to provide that a preference will be given to students who were
majoring in Music Education. enrolled in a degree program at The College of Saint Rose on the date
Ithaca College is a Teach-Out that the College announced its closure.
partner and offers an
undergraduate degree in Music
Education program.

College Designated Funds Page 7

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Joan Kavanaugh Estate of William 1. For students who are in good academic standing. $ 38.03 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the fund in
Boland Memorial J. Boland, M.D. 2. Preference will be given to full-time, undergraduate students who have demonstrated academic Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Scholarship achievement, leadership, and community service involvement. Foundation receive the largest number of students who satisfy such eligibility criteria as may have been imposed by
3. In a given year if the Donor's preference cannot be met, the College may select a student recipient former students of the College to the donor and set forth in the respective gift instrument as described
outside the preferences for one year. complete their degree programs. herein. It is further requested that the scholarship criteria be modified to
provide a preference for students who were enrolled in a degree program
at The College of Saint Rose on the date the College announced its
closure. It is further requested that this Fund be modified to remove any
restrictions on the Fund that impose limits on annual spending so that the
fund is reclassified as a use-restrictedrather than an endowment fund,
such that it is not subject to the NYPMIFA provisions regarding
appropriations of endowment funds and the Transferee Organization may
spend so much of the Fund annually as it determines is in its best
interests, including spending the Fund down entirely in any year.

Joyce Coon Family and 1. Recipient shall be chosen by the Communication Sciences and Disorders department faculty. $ 46,882.33 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Memorial Award friends of Joyce 2. Recipients shall be graduate students majoring in Communication Sciences and Disorders, with a College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Coon minimum GPA of 3.5, who has demonstrated excellence in the area of adult neurogenic communication Russell Sage has a new students who satisfy the criteria set forth in the gift instrument as
(representative: disorders and swallowing. undergraduate Communcation described herein. It is further requested that the scholarship criteria be
Sarah Coon) 3. Recipient shall be judged to have emulated the compassion, caring, and collaborative persona of Joyce Sciences and Disorders program modified to provide that a preference will be given to students who were
Coon. that begins in Fall 2025 and enrolled in a degree program at The College of Saint Rose on the date
anticipates adding a graduate that the College announced its closure.
Communication Sciences and
Disorders program. Russell Sage
is also providing TBI speech
services that were once provided
by the College.

Kathleen Havern Mary B. Havern 1. Preference given to fulltime undergraduate students who are graduates of Catholic Central High School, $ 88,476.47 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Memorial and other family Troy, NY and/or majoring in Special Education. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Scholarship members 2. In a given year if the Donors' preference cannot be met, the College, in consultation with the Donors, may Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
select a student recipient outside the preferences for one year. former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
University at Albany offers both enrolled in a degree program at The College of Saint Rose on the date
undergraduate and graduate that the College announced its closure.
programs leading to a NYS special
education certification.

College Designated Funds Page 8

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Honorable The Honorable 1. Recipient chosen by academic department faculty. $ 17,139.49 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Loretta A. Preska Loretta A. Preska 2. First preference will be given to a junior or senior planning to attend law school who demonstrates Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
'70 Endowed outstanding academic achievement. Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Award 3. Second preference will be given to a junior or senior majoring in the sciences who demonstrates former students of the College to described herein. It is further requested that the scholarship criteria be
outstanding academic achievement. complete their degree programs. modified to provide that a preference will be given to students who were
This fund is closely related in enrolled in a degree program at The College of Saint Rose on the date
purpose to the Honorable Loretta that the College announced its closure.
A. Preska '70 Mock Trial Team
fund, to be used to support a
Mock Trial Team, which the
College also is requesting to
transfer to University at Albany.

M. Jacqueline M. Jacqueline 1. Will be awarded to a freshman with $ 65,137.85 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Hayes McDonnell McDonnell financial need and a minimum GPA of 3.0. The selected student may receive this scholarship for four years. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
'62 Scholarship Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

Margaret Estate of 1. Scholarship awards are for students who are in good academic standing. $ 55,671.47 Ithaca College Although Music Education was Request that the Transferee Organization be permitted to use the Fund in
Scheppach Margaret 2. Preference will be given to full-time, undergraduate students with demonstrated financial need, majoring discontinued in 2020, the College furtherance of its educational purpose solely to award scholarships to
Endowed Scheppach in Music Education, with first preference to those with a Voice concentration. continues to hold funds restricted students who satisfy the criteria set forth in the gift instrument as
Scholarship 4. In a given year if the Donor's preference cannot be met, the College may select a student recipient for use to provide scholarships to described herein. It is further requested that the scholarship criteria be
outside the preferences for one year. students majoring in Music modified to provide that a preference will be given to students who were
Education. Ithaca College is a enrolled in a degree program at The College of Saint Rose on the date
Teach-Out partner and offers an that the College announced its closure.
undergraduate degree in Music
Education program.

Marge Lisowski Estate of Marge 1. Scholarship awards are for students who are in good academic standing. $ 697,708.86 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Walawender '41 Lisowski 2. Recipients shall be undergraduate students with financial need who are majoring in Music. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Scholarship Fund Walawender and 3. Preference will be given to students concentrating in Piano, Organ, Strings, Woodwinds, or Brass, and to Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
her sister, students of Polish descent, if possible. former students of the College to described herein. It is further requested that the scholarship criteria be
Stephanie 4. In a given year if the Donors' preference cannot be met, the College may select a student recipient complete their degree programs. modified to provide that a preference will be given to students who were
Lisowski outside the preferences for one year. University at Albany offers a enrolled in a degree program at The College of Saint Rose on the date
Pankiewicz '45 Music BA, music department and that the College announced its closure.
and brother-in- open ensembles. It is the
law, Charles L. geographically closest Teach-Out
Pankiewicz Partner with a Bachelor's degree
program in Music.

Marie D. Chirico Dr. Jacqueline A. 1. Will be given to a full-time undergraduate science major demonstrating academic achievement. $ 14,014.94 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Bello '48 Award Bello 2. The student will be selected by faculty in the School of Math and Science. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
University at Albany offers enrolled in a degree program at The College of Saint Rose on the date
multiple undergraduate that the College announced its closure.
programs in science.

College Designated Funds Page 9

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Dr. Mark Family and 1. Recipients will be chosen by Communication Sciences and Disorders department faculty. $ 33,549.78 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Ylvisaker friends of Dr. 2. Recipients will be graduate level Communication Sciences and Disorders majors who demonstrate College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Memorial Award Mark Ylvisaker outstanding scholarship and exemplary service to individuals with traumatic brain injuries. Russell Sage has a new students who satisfy the criteria set forth in the gift instrument as
undergraduate Communcation described herein. It is further requested that the scholarship criteria be
Sciences and Disorders program modified to provide that a preference will be given to students who were
that begins in Fall 2025 and enrolled in a degree program at The College of Saint Rose on the date
anticipates adding a graduate that the College announced its closure.
Communication Sciences and
Disorders program. Former
faculty of the College have been
hired by Russell Sage for this
program.

Mary H. Kevin G. Langan 1. For students who are in good academic standing. $ 90,825.79 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Langan/Center 2. Preference will be given to enrolled students who are employees of the Center for Disability Services, Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
for Disability Albany, NY. Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Services 3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor former students of the College to described herein. It is further requested that the scholarship criteria be
Endowed Representative, may select a student recipient outside the preferences for one year. complete their degree programs. modified to provide that a preference will be given to students who were
Scholarship The location of the University at enrolled in a degree program at The College of Saint Rose on the date
Albany as well as the range of that the College announced its closure.
programs available to employees
working at the Center for
Disability Services aligns with the
purposes of this scholarship fund.

Mary H. Kevin G. Langan 1. For students who are in good academic standing. $ 77,811.67 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Langan/Langan 2. Preference will be given to enrolled students who are employees or immediate family members of Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Group Endowed employees of the Langan Automotive Group (Eligibility Form attached). Candidates will be identified and Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Scholarship recommended by principals of the Langan Automotive Group. former students of the College to described herein. It is further requested that the scholarship criteria be
3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor complete their degree programs. modified to provide that a preference will be given to students who were
Representative, may select a student recipient outside the preferences for one year. The location of the University at enrolled in a degree program at The College of Saint Rose on the date
Albany as well as the range of that the College announced its closure.
programs available to employees
working at the Langan
Automotive Group aligns with the
purposes of this scholarship fund.

Mary P. In consideration 1. Eligible students are registered with the Office of Services for Students with Disabilities, have a minimum $ 31,802.67 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
VanDerzee of contributions overall GPA of 3.0. College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Memorial Award made in memory 3. Preference for a student in his/her sophomore or junior year. students who satisfy the criteria set forth in the gift instrument as
of Mary P. 4. Recipient chosen by the Office of Services for Students with Disabilities and the Mary P. VanDerzee described herein. It is further requested that the scholarship criteria be
VanDerzee, Memorial Award Selection Committee. modified to provide that a preference will be given to students who were
Director of 5. Recipient shall be selected based upon the above-mentioned criteria and an award application and essay; enrolled in a degree program at The College of Saint Rose on the date
Services to an application is attached to serve as a guideline. that the College announced its closure.
Students with
Disabilities from
1992-2002 (the
Donors)

College Designated Funds Page 10

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Michael R. Paul F. Donohue, 1. For students who are in good academic standing. $ 100,867.43 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Donohue Sr. 2. Preference will be given to students who are employees of St. Colman's Home, Watervliet, NY, Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Endowed pursuing an undergraduate or graduate degree in Special Education. If there are no candidates from St. Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Scholarship Colman's Home, the scholarship may be awarded to any Saint Rose student majoring in Special Education. former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
University at Albany offers both enrolled in a degree program at The College of Saint Rose on the date
undergraduate and graduate that the College announced its closure.
degree programs leading to NYS
special education certification.

Michael Simpson Marilyn and 1. Recipients shall be chosen by the coaching staff of the Athletics Department. $ 13,954.29 Adelphi Adelphi University is a Teach-Out Request that the Transferee Organization be permitted to use the Fund in
"Striker" Award Richard Bedard 2. Recipients shall be members of the men's or women's soccer teams who are active in community service University Partner enrolling 8 former Saint furtherance of its educational purpose solely to award scholarships to
and others as determined by the coaching staff of the Athletics Department. Rose UG students; closest D II students who satisfy the criteria set forth in the gift instrument as
Soccer program described herein. It is further requested that the scholarship criteria be
modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

Monsignor In consideration 1. For students who are in good academic standing. $ 48,616.00 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
Edward R. Glavin of the estate gift 2. Preference will be given to undergraduate full-time students based on financial need and academic merit. College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
Endowed from Monsignor 3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor, may as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Scholarship Fund Edward R. Glavin select a student recipient outside the preferences for one year. expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
and contributions former students of the College to modified to provide that a preference will be given to students who were
from William F. complete their degree programs, enrolled in a degree program at The College of Saint Rose on the date
Glavin, Fr. James particularly in nursing and that the College announced its closure.
Gulley education. In addition, Siena
College has a similar program
and mission, and shares the
College's Catholic tradition.

Moyer Family Joan and Robert 1. For students who are in good academic standing. $ 113,958.53 SUNY Oneonta SUNY Oneonta is a Teach-out Request that the Transferee Organization be permitted to use the Fund in
Scholarship Moyer 2. Preference given to full time undergraduate students from Otsego County, New York. partner located in Otsego furtherance of its educational purpose solely to award scholarships to
3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor, may County. Approximately 12 former students who satisfy the criteria set forth in the gift instrument as
select a student recipient outside the preferences for one year. students of the College have described herein. It is further requested that the scholarship criteria be
enrolled at SUNY Oneonta to modified to provide that a preference will be given to students who were
complete their degree programs. enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

College Designated Funds Page 11

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Noticias y/e 1. Communications Major or Minor at The College of Saint Rose, in their sophomore, junior, senior year, 2. $ 12,796.48 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Notas Good Academic Standing (3.0 GPA or higher), 3. Provided a communications work sample and a completed Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Communications Mr. Michael J. application with a brief statement of purpose detailing, 4. reasons for applying and demonstrating Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Award Fondacaro enthusiasm for communications work emphasizing multiculturalism, 5. Faculty Endorsement, 6. Special former students of the College to described herein. It is further requested that in order to comply with
consideration will be given to eligible students who identify as a part of the Latino Diaspora or are of 7. complete their degree programs. current federal guidance that the scholarship criteria that special
Latino/Lusa heritage or have exhibited commitment to those communities through language, academic University at Albany offers a BA consideration be given to eligible students who identify as a part of the
exploration, and volunteerism, 7. Selected student provides a testimonial regarding their experience, once it in Communications and has Latino Diaspora or are of Latino/Lusa heritage or have exhibited
is completed, to be used for promoting growth and awareness of the award/opportunity enrolled 8 former undergraduate commitment to those communities be removed. It is further requested
students of the College who will that the scholarship criteria be modified to provide that a preference will
be completing their degree in be given to students who were enrolled in a degree program at The
Communications. College of Saint Rose on the date that the College announced its closure.

Peter and Anne Family and 1. For students with financial need who have a minimum GPA of 3.0. $ 182,818.54 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Tully G'79 friends of Peter 2. Recipients shall be full-time or part-time MBA student, with preference to an incoming student. College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Endowed MBA and Anne Tully 4. Preference given to a student employed in a business based in the Capital Region, however, such a Russell Sage College will continue students who satisfy the criteria set forth in the gift instrument as
Scholarship student shall not be participating in a tuition reimbursement program through his/her employer. the College's FLEX MBA program, described herein. It is further requested that the scholarship criteria be
5. In a given year if the Donors' preference cannot be met, the College, in consultation with the Donor has hired 2 former Saint Rose modified to provide that a preference will be given to students who were
Representatives, may select a student recipient outside the preferences for one year. Business faculty and 22 former enrolled in a degree program at The College of Saint Rose on the date
MBA students of the College that the College announced its closure.
have enrolled at Russell Sage to
complete their degrees.

Peter M. Tully Family, 1. To support a lecture from a distinguished speaker on topics related to financial services and economic $ 20,205.81 Russell Sage Russell Sage is one of the Request that the restrictions on the Fund be modified to allow the
Endowed Lecture colleagues, and development. College College's Teach-Out Partners. Transferee Organization to use the transferred funds in furtherance of its
on Financial friends of Peter 2. The School of Business Faculty shall select the lecturer. Russell Sage College will continue educational purposes in accordance with the use restrictions imposed by
Services and M. Tully 3. Expenditures from the available earnings of the Fund shall be used to cover expenses related to the the College's FLEX MBA program, the Donor(s) in the gift instrument. It is further requested that this Fund
Economic lectureship series, including, but not limited to transportation, fees, lodging/meals, supplies, and has hired 2 former Saint Rose be modified to remove any restrictions on the Fund that impose limits on
Development honorarium payments. Business faculty and 22 former annual spending so that the fund is reclassified as a use-restricted rather
MBA students of the College than an endowment fund, such that it is not subject to the NYPMIFA
have enrolled at Russell Sage to provisions regarding appropriations of endowment funds and the
complete their degrees. Transferee Organization may spend so much of the Fund annually as it
determines is in its best interests, including spending the Fund down
entirely in any year.

George and Jane George O. and Income available for distribution will be used for expenses related to the George and Jane Pfaff Endowed $ 1,061,818.91 Siena College Siena College is one of the Request that the restrictions on the Fund be modified to allow the
Pfaff Endowed Jane L. Pfaff Chair in Ethics and Moral Values in the Department of Religious Studies within the School of Arts and College's Teach-Out Partners and, Transferee Organization to use the transferred funds in furtherance of its
Chair in Ethics Humanities, including but not limited to salaries, cirriculum development, expenses for seminars and as of the date of this Petition, is educational purposes. It is further requested that the restrictions upon
and Moral Values symposiums. expected to matriculate over 100 the use of the Fund be further modified to permit the Transferee
former students of the College to Organization to use the Fund to support its Religious Studies Department,
complete their degree programs, including but not limited for purposes of endowing a Chair in Religious
particularly in nursing and Studies if the Transferee Organization so determines. The College believes
education. In addition, Siena that such modification is consistent with the intent of the donors.
College has a similar program
and mission, and shares the
College's Catholic tradition. Siena
College offers a series of ethics
courses within their department
of Philosophy.

College Designated Funds Page 12

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Michael and This gift is designated to create an endowed fund, which will support an annual lecture designed to bring $ 132,392.48 The University at University at Albany is a Teach- Request that the restrictions on the Fund be modified to allow the
Margaret Picotte thought leaders to the College to explore leadership and innovative solutions to the changes and challenges Albany Out Partner and is expected to Transferee Organization to use the transferred funds in furtherance of its
Presidential Michael & facing academic institutions like the College and higher education in general. Foundation receive the largest number of educational purposes in accordance with the use restrictions imposed by
Lecture in Higher Margaret Picotte former students of the College to the Donor(s) in the gift instrument.
Education 1. The Lecture shall be held annually. complete their degree programs.
Innovation and 2. The Lecture shall be administered by the Office of the President. University at Albany offers a
Leadership. 3. Invited speakers shall include leaders in higher education and business, innovation experts, along with Master's degree in Higher
researchers and practitioners. Education Leadership.
4. Topics shall include innovations, best practices, and other issues relevant to leading institutions of higher
education.
5. In addition to the public lecture, invited speakers may also may engage in workshops, small group
sessions, or panel discussions.
6. This lecture series would be actively promoted in the campus community, the Capital Region, and through
higher education associations and networks.
Psychology Deborah A 1.Scholarship for tuition only in good acadmeic standing. 2. Can maintain for 10 consecutive semeters as $ 64,751.22 Albany College of Albany College of Pharmacy and Request that the Transferee Organization be permitted to use the Fund in
Undergraduate Newkirk (name long as a 3.2 GPA is maintained. 3. Part-time or Full-time undergraduate Psychology majors with financial Pharmacy & Health Sciences has adopted the furtherance of its educational purpose solely to award scholarships to
Scholarship to be need. Health Sciences College of Saint Rose's BS in students who satisfy the criteria set forth in the gift instrument as
confidential) Psychology program and hired described herein. It is further requested that the scholarship criteria be
formed Saint Rose faculty to modified to provide that a preference will be given to students who were
teach the program. enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

Rachel Laura Estate of Albert 1. For students who are in good academic standing. $ 36,034.49 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Mossin '58 C. Mossin 2. Preference given to students majoring in Elementary Education. College College's Teach Out Partners. furtherance of its educational purpose solely to award scholarships to
Scholarship 3. In a given year if the Donor's preference cannot be met, the College may select a student recipient students who satisfy the criteria set forth in the gift instrument as
outside the preferences for one year. described herein. It is further requested that the scholarship criteria be
modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

J. Robert Family and 1. Recipient chosen by Music Department faculty. $ 47,222.13 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Sheehan Music friends of 2. Eligible students are sophomore or junior vocal or keyboard Music majors. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Scholar Award Professor J. 3. Recipient will have been judged by the Music Department faculty as having outstanding dedication to the Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Robert Sheehan Music Department and exceptional progress and promise in music from academic and applied performance former students of the College to described herein. It is further requested that the scholarship criteria be
perspectives. complete their degree programs. modified to provide that a preference will be given to students who were
University at Albany offers a enrolled in a degree program at The College of Saint Rose on the date
Music BA, music department and that the College announced its closure.
open ensembles. It is the
geographically closest Teach-Out
Partner with a Bachelor's degree
program in Music.

Robert Robert A. Endowed Scholarship, no criteria mentioned in acknowledgement letter. $ 42,081.16 The University at University at Albany was our Request that the Transferee Organization be permitted to use the Fund in
McCormick McCormick Albany largest teach out partner. These furtherance of its educational purpose solely to award scholarships to
Endowed Foundation funds are for any major based on students who satisfy the criteria set forth in the gift instrument as
Scholarship academic merit. described herein. It is further requested that the scholarship criteria be
modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

College Designated Funds Page 13

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
The Rose and Colonel 1. For students who are in good academic standing. $ 35,737.03 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Frederick Rosemary A. 2. First preference will be given to students with a major in the School of Business. Second preference to a College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Belleville Belleville student pursuing a degree in the sciences. Russell Sage offers degree students who satisfy the criteria set forth in the gift instrument as
Endowed 3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor, may programs in sciences. described herein. It is further requested that the scholarship criteria be
Scholarship select a student recipient outside the preferences for one year. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

Ruth Cohn Estate of Ruth 1. Expenses related to supporting and enriching the Communication Disorders Department, including, but $ 18,027.91 Invivo Institute The Fluency Council, a former Request that the restrictions on the Fund be modified to allow the
Endowed Award Cohn and her not limited to: conference expenses for a member of the Council of Fluency, materials or equipment needed Research program of the College, is being Transferee Organization to use the transferred funds in furtherance of its
son, Stuart B. for the Department. Foundation continue by former faculty charitable and educational purposes and in accordance with the use
Fisher 2. Expenditures may also be used as an award for academic excellence for an undergraduate or graduate members Julia Unger & Steve restrictions imposed by the Donor(s) in the gift instrument.
student majoring in Communication Sciences and Disorders. Hoff under the auspices of the
3. Expenditure decisions, (including award recipient selection) shall be made by a committee composed of: a Invivo Institute Research
Communication Disorders Department faculty member, the Council of Fluency Director, and two Council Foundation.
members.
William and Estate of Camille Criteria from the will is for scholarships based on academic merit. Agreement was created by two Vice $ 866,870.70 The University at University at Albany was our Request that the Transferee Organization be permitted to use the Fund in
Camille Ruggiero G. Ruggiero '37 Presidents at Saint Rose. Albany largest teach out partner. These furtherance of its educational purpose solely to award scholarships to
Scholarship Fund Foundation funds are for any major based on students who satisfy the criteria set forth in the gift instrument as
academic merit. described herein. It is further requested that the scholarship criteria be
modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

Sister Theresa Dr. Ann Zeeh and 1. Recipient chosen by the Department of Physical and Biological Sciences faculty. $ 6,051.54 The University at University at Albany was our Request that the Transferee Organization be permitted to use the Fund in
Wysolmerski, CSJ friends of Sister 2. Award will be given to a full-time, undergraduate student, majoring in Biology, Biology/Secondary Albany largest teach out partner. These furtherance of its educational purpose solely to award scholarships to
'53 Award for Theresa Education, Biology/Cytotechnology, Medical Technology, Elementary Education/Biology Concentration. Foundation funds are for any major based on students who satisfy the criteria set forth in the gift instrument as
Excellence in Wysolmerski, 3. Recipient will have completed at least 32 credits in science, 24 of which must have been completed at the academic merit. described herein. It is further requested that the scholarship criteria be
Biology CSJ, Ph.D. College, with at least one course from the following: Anatomy & Physiology, Comparative Anatomy, or modified to provide that a preference will be given to students who were
Invertebrate Zoology. enrolled in a degree program at The College of Saint Rose on the date
4. Recipient must have a minimum GPA of 3.5 in the sciences by the end of the semester preceding the that the College announced its closure. It is further requested that this
award. Fund be modified to remove any restrictions on the Fund that impose
limits on annual spending so that the fund is reclassified as a
use-restricted rather than an endowment fund, such that it is not subject
to the NYPMIFA provisions regarding appropriations of endowment funds
and the Transferee Organization may spend so much of the Fund annually
as it determines is in its best interests, including spending the Fund down
entirely in any year.

College Designated Funds Page 14

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Sister Theresa Friends of Sister 1. Eligible students shall be undergraduate freshmen or transfer students, with a minimum 3.0 GPA in their $ 178,292.56 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
Wysolmerski, CSJ Theresa Science Courses. College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
'53 Endowed Wysolmerski, 2. Recipients will only be students majoring in Biology, Biology Adolescence Education, Elementary as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Scholarship Fund CSJ, Ph.D. Biology Education, Biology-Cytotechnology, or Medical Technology. expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
former students of the College to modified to provide that a preference will be given to students who were
complete their degree programs. enrolled in a degree program at The College of Saint Rose on the date
In addition, Siena College has a that the College announced its closure.
similar program and mission, and
shares the College's Catholic
tradition. Siena College offers
programs that align with those
associated with this award.

Sister Rita Agnes Estate of 1. Recipient shall be chosen by Music Department faculty. $ 23,680.86 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Casey Music Florence 2. Recipient shall be an undergraduate in his/her senior year, majoring in music. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Award Bayreuther 3. Recipient shall be judged to have commitment to continuing music studies. Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
University at Albany offers a enrolled in a degree program at The College of Saint Rose on the date
Music BA, music department and that the College announced its closure.
open ensembles. It is the
geographically closest Teach-Out
Partner with a Bachelor's degree
program in Music.

Sister Jeanne Mr. Gaetano 1. The scholarship will be renewed each year of undergraduate study. $ 23,297.57 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Pierre Mittnight Alonge, Jr., 2. It will be awarded to an entering (full-time) Freshman who has graduated in the upper 20% of his or her Albany Out partner with 4 furtherance of its educational purpose solely to award scholarships to
Endowed President, high school class or to a (full-time) transfer student who enters Saint Rose with an accumulative average of Foundation undergraduate programs in students who satisfy the criteria set forth in the gift instrument as
Scholarship Amsure 3.0 or better. education. described herein. It is further requested that the scholarship criteria be
Associates, Inc. 3. The recipient must be preparing to teach in elementary or secondary education within the Social modified to provide that a preference will be given to students who were
Sciences/Humanities. enrolled in a degree program at The College of Saint Rose on the date
4. The Scholarship is to be awarded to a student who is academically promising and financially needy. that the College announced its closure.
5. The College will match the Scholarship monies $1 for $1 each year.
Sister Rosaleen Sister Agnes Rose 1. Recipient shall be a graduating senior, majoring in History & Political Science, with the highest cumulative $ 10,606.12 The University at University at Albany is Teach-Out Request that the Transferee Organization be permitted to use the Fund in
Gilroy History & Burton '51, G'61 GPA in the major. Albany partner with largest number of furtherance of its educational purpose solely to award scholarships to
Political Science and Diana 2. Award to be presented by the academic department or provost. Foundation former Saint Rose undergraduate students who satisfy the criteria set forth in the gift instrument as
Award Beaudry students enrolled and largest described herein. It is further requested that the scholarship criteria be
number of Teach-Out programs. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure. It is further requested that this
Fund be modified to remove any restrictions on the Fund that impose
limits on annual spending so that the fund is reclassified as a
use-restricted rather than an endowment fund, such that it is not subject
to the NYPMIFA provisions regarding appropriations of endowment funds
and the Transferee Organization may spend so much of the Fund annually
as it determines is in its best interests, including spending the Fund down
entirely in any year.

College Designated Funds Page 15

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Teamsters Teamsters Local 1. For students who are in good academic standing. $ 105,295.17 The University at University at Albany is Teach-Out Request that the Transferee Organization be permitted to use the Fund in
Endowed Union #294 2. Recipients will be undergraduate or graduate students who are current members of Teamsters Local Albany partner with largest number of furtherance of its educational purpose solely to award scholarships to
Scholarship Union #294, or children, grandchildren, or spouses of current members. Foundation former Saint Rose undergraduate students who satisfy the criteria set forth in the gift instrument as
4. Eligible students must complete a Student Eligibility Form (a sample is attached as a guideline) and submit students enrolled and largest described herein. It is further requested that the scholarship criteria be
it to the Office of Institutional Advancement at the College, who will provide any forms received to number of Teach-Out programs. modified to provide that a preference will be given to students who were
Teamsters Local #294 for verification. enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

Bill Duffy Friends of Bill 1. For students who are in good academic standing. $ 49,655.11 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Scholarship Fund Duffy 2. Eligible recipients are undergraduate or graduate students with financial need, who are majoring in Albany Out partner for the furtherance of its educational purpose solely to award scholarships to
Communications. Foundation communications programs and students who satisfy the criteria set forth in the gift instrument as
3. Recipients will be selected through the use of an application reviewed by the Bill Duffy Scholarship Fund enrolled the largest number of described herein. It is further requested that the scholarship criteria be
Committee. An example of an application is attached to serve as a guideline: "To apply, please provide your former Saint Rose modified to provide that a preference will be given to students who were
full name, email, and phone number along with a brief statement (500 words or less) as to why you feel you Communication students (8) enrolled in a degree program at The College of Saint Rose on the date
should receive this scholarship." that the College announced its closure.

Charles McCraw 1. Tuition only for students with a minimum 3.0 GPA. 2. Undergraduate or Graduate student that have $ 55,925.95 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
identified themselves as mulitcultural background and demonstrated financial need. 3. Majoring in College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
The Eileen Elementary Education or Pre-Law. as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Whiting McCraw expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
'43 Scholarship former students of the College to modified to provide that a preference will be given to students who were
complete their degree programs. enrolled in a degree program at The College of Saint Rose on the date
In addition, Siena College has a that the College announced its closure.
similar program and mission, and
shares the College's Catholic
tradition. Siena College offers
programs that align with this
scholarship.

The Gorman Patricia Gorman 1. Tuition only for students in good academic standing with a GPA of at least 3.0. 2. Preference to part-time $ 208,353.61 Maria College Maria College is a private, Request that the Transferee Organization be permitted to use the Fund in
Helping Hand (3-9 credits) undergraduate and demonstrated financial need. 3. Student cannot be eligible for employer- Catholic faith-based college furtherance of its educational purpose solely to award scholarships to
Scholarship based tuition reimbursement. located in Albany, New York. students who satisfy the criteria set forth in the gift instrument as
Over 75% of Maria College's described herein. It is further requested that the scholarship criteria be
students are part-time student. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

The Helen Farrell Several donors 1. Tuition only for full time undergradauate students in good academic standing 2. Students with $ 60,623.23 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Mastrianni '47 demonstrated financial need. 3. Preference to majors within the School of Education and first generation. College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Scholarship in Like the College, Russell Sage students who satisfy the criteria set forth in the gift instrument as
Education serves first-generation students. described herein. It is further requested that the scholarship criteria be
modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

The Madge E. Estate of Madge 1. For full-time, undergraduate students with demonstrated financial need. $ 51,835.66 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Kokenburg E. Kokenburg 2. First preference will be given to students who are Early Childhood and Childhood Education majors within College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Scholarship in the School of Education (Birth through Grade 6), and who are identified as a First Generation College Russell Sage offers an students who satisfy the criteria set forth in the gift instrument as
Early Childhood Students. In a given year, if the Donor's preferences cannot be met, the College, in consultation with the undergraduate degree in Early described herein. It is further reqeusted that in order to comply with
Education Donor's designee, may select a student recipient outside the preferences. Childhood Education. current federal guidance, that the scholarship criteria be modified to
3. It is the Donor's hope that eventually the preference of First Generation College Student attendees shall remove the preference that scholarships first be awarded to First
be eliminated as more and more students attend college in the years to come. Generation students. It is further requested that the scholarship criteria
be modified to provide that a preference will be given to students who
were enrolled in a degree program at The College of Saint Rose on the
date that the College announced its closure.

College Designated Funds Page 16

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
The M. Janice Robert D. 1. Tuition only to an undergraduate student in their 3rd or 4th year student. Must be in good academic $ 42,986.88 The University at University at Albany is Teach-Out Request that the Transferee Organization be permitted to use the Fund in
Bonacker Shangraw standing and maintain to continue to recieve scholarship. 3. Enrolled in a degree program in biology, Albany partner with largest number of furtherance of its educational purpose solely to award scholarships to
Shangraw '52 biochemisty, chemistry, or other science major who has demonstrated intentions to continue academic Foundation former Saint Rose undergraduate students who satisfy the criteria set forth in the gift instrument as
Scholarship in study in medical school or allied health professional schools. students enrolled and largest described herein. It is further requested that the scholarship criteria be
Health Sciences number of Teach-Out programs. modified to provide that a preference will be given to students who were
Multiple UG programs in science. enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

The Slingerland Todd Slingerland 1. Tuition only to a full time undergraduate student in good academic standing. 2. Recipient will be a $ 74,700.37 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
Family Endowed and matching graduate of Berne-Knox-Westerlo High school recommended by Guidance office with an essay submitted. College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
Scholarship funds 3. Maintain a 2.5 GPA. as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
former students of the College to modified to provide that a preference will be given to students who were
complete their degree programs. enrolled in a degree program at The College of Saint Rose on the date
In addition, Siena College has a that the College announced its closure.
similar program and mission, and
shares the College's Catholic
tradition.

The Virginia Several donors 1. Tuition only to a full time undergraduate students in good academic standing. 2. Minimum award of $ 73,729.50 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Schiele-Murphy $1,000. 3. Student pursuing a music-related degree. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
'35, G '58 Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Endowed Music former students of the College to described herein. It is further requested that the scholarship criteria be
Scholarship complete their degree programs. modified to provide that a preference will be given to students who were
University at Albany offers a enrolled in a degree program at The College of Saint Rose on the date
Music BA, music department and that the College announced its closure.
open ensembles. It is the
geographically closest Teach-Out
Partner with a Bachelor's degree
program in Music.

Thelma P. Lally Kenneth Lally 1. For students who are in good academic standing. $ 390,932.19 Russell Sage Russell Sage College is a Teach Request that the Transferee Organization be permitted to use the Fund in
Endowed 2. Preference given to full-time, undergraduate, Education majors who have demonstrated academic College Out Partner. furtherance of its educational purpose solely to award scholarships to
Scholarship for achievement. students who satisfy the criteria set forth in the gift instrument as
Excellence in 3. Preference will also be given to a student meeting the above criteria who is also a resident of Albany, described herein. It is further requested that the scholarship criteria be
Education Schenectady, Rensselaer, or Saratoga County. modified to provide that a preference will be given to students who were
4. In a given year if the Donor's preference cannot be met, the College may select a student recipient enrolled in a degree program at The College of Saint Rose on the date
outside the preferences for one year. that the College announced its closure.

Thomas and Estate of Ruth 1. For students who are in good academic standing. $ 226,727.20 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Pauline Ferris Ferris '53 2. Preference will be given to students majoring in Political Science, History, Music or Secondary Education. Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Memorial Preference will also be given to students whose parents or grandparents were members of a trade union in Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Scholarship Albany County and pursuing the majors listed. former students of the College to described herein. It is further requested that the scholarship criteria be
3. If the Donor's preference cannot be met in a given year, the scholarship may be awarded outside the complete their degree programs. modified to provide that a preference will be given to students who were
preference to another student at the discretion of the College. University at Albany offers enrolled in a degree program at The College of Saint Rose on the date
undergraduate programs in that the College announced its closure.
Political Science, History, Music
and Secondary Education. In
addition, it is located in Albany
County which aligns with the
criteria set forth in the
scholarship.

College Designated Funds Page 17

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Thomas J. and Arlene M. Brown 1. For students who are in good academic standing. $ 51,536.65 Siena College Siena College is one of the Request that the Transferee Organization be permitted to use the Fund in
Arlene M. Brown 2. Preference given to students who are graduates of Hudson High School, lchabod Crane High School or College's Teach-Out Partners and, furtherance of its educational purpose solely to award scholarships to
Endowed another high school in Columbia County with demonstrated financial need. as of the date of this Petition, is students who satisfy the criteria set forth in the gift instrument as
Scholarship 3. Preference given to a freshman or transfer student with a major in the School of Business. expected to matriculate over 100 described herein. It is further requested that the scholarship criteria be
4. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor, may former students of the College to modified to provide that a preference will be given to students who were
select a student recipient outside the preferences for one year. complete their degree programs. enrolled in a degree program at The College of Saint Rose on the date
In addition, Siena College has a that the College announced its closure.
similar program and mission, and
shares the College's Catholic
tradition. Siena College has
enrolled most business
undergraduates.

Viola Selenia Estate of Viola 1. Preference given to a graduate level student majoring in English, History, Political Science, Education, $ 30,148.46 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
MacDonald Selenia Music Education, Art Education or Communication Sciences and Disorders. College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Memorial MacDonald '55, 2. Preference given to graduate students who have received their undergraduate degrees from Saint Rose in Russell Sage has a new students who satisfy the criteria set forth in the gift instrument as
Scholarship G'58, G'78 the above disciplines. undergraduate Communcation described herein. It is further requested that the scholarship criteria be
3. Preference given to students who are permanent residents of Albany County. Sciences and Disorders program modified to provide that a preference will be given to students who were
4. Recipients must have a 3.0 GPA and maintain this average to continue receiving the scholarship. that begins in Fall 2025 and enrolled in a degree program at The College of Saint Rose on the date
anticipates adding a graduate that the College announced its closure.
Communication Sciences and
Disorders program. Russell Sage.
Russell Sage also has an Art
Education program.

Viola Selenia The receipt of the 1. Preference given to a Spanish major in his/her junior year with a minimum overall GPA of 3.8. $ 15,799.00 Russell Sage University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
MacDonald remainder of the 2. Preference given to a student who has demonstrated support and involvement in the integration of College Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Endowed Award charitable gift Hispanic culture in the community-at-large. receive the largest number of students who satisfy the criteria set forth in the gift instrument as
for Excellence in annuity 3. Preference given to a student who attended Saint Rose since freshman year. former students of the College to described herein. It is further requested that in order to comply with
Hispanic Studies established by 4. Preference given to a resident of Albany County, however, the academic and community service criteria complete their degree programs. current federal guidance, the scholarship criteria be modified to remove
Viola Selenia listed above take precedence over residency in consideration of the recipient. University at Albany offers a BA the preference that the scholarship be given to a student who has
MacDonald '55, in Spanish. demonstrated support and involvement in the integration of the Hispanic
G'58, G'78 culture in the community-at-large. It is further requested that the
scholarship criteria be modified to provide that a preference will be given
to students who were enrolled in a degree program at The College of
Saint Rose on the date that the College announced its closure.

Walter C. and Jean B. 1. Scholarship awards are for students who are in good academic standing. $ 69,469.44 Russell Sage Russell Sage is one of the Request that the Transferee Organization be permitted to use the Fund in
Helen N. Longleway and 2. Preference will be given to full-time, undergraduate students pursuing a B.F.A. in Graphic Design, and College College's Teach-Out Partners. furtherance of its educational purpose solely to award scholarships to
Longleway M. Elizabeth with demonstrated financial need. Russell Sage offers an students who satisfy the criteria set forth in the gift instrument as
Endowed Longleway 3. In a given year if the Donor's preference cannot be met, the College may select a student recipient undergraduate degree in described herein. It is further requested that the scholarship criteria be
Scholarship outside the preferences for one year. Graphic Design. In 2020, Russell modified to provide that a preference will be given to students who were
Sage assisted former Saint Rose enrolled in a degree program at The College of Saint Rose on the date
graphic design students with that the College announced its closure.
teach-out.

College Designated Funds Page 18

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Marion Nicholas 1. Selection of recipients will be based on both need and merit by the Dir. Of Int'l and Field Studies and the $ 424.58 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Arcomano Texier Arcomano Chair of the Spanish Department who will be responsible for reviewing applications. 2. Eligible recipients Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
'46 Hispanic will be students majoring, minoring, or concentrating in Spanish who have been accepted into the Study Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Study Award Abroad program. 3. Eligible recipients shall submit a completed application and essay detailing reasons for former students of the College to described herein. It is further requested that the scholarship criteria be
enrolling in the Study Abroad Program, and what the hopes to gain from their experience studying in a complete their degree programs. modified to provide that a preference will be given to students who were
Spanish-speaking country. 4. Students may apply for a second award in a subsequent year. enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure. It is further requested that this
Fund be modified to remove any restrictions on the Fund that impose
limits on annual spending so that the fund is reclassified as a
use-restricted rather than an endowment fund, such that it is not subject
to the NYPMIFA provisions regarding appropriations of endowment funds
and the Transferee Organization may spend so much of the Fund annually
as it determines is in its best interests, including spending the Fund down
entirely in any year.

The Dennis Created and At Saint Rose, we make the funds available through an easy online application process to assist students $ 4,865.95 Equinox Inc Equinox hosts several programs Request that the restrictions on the Fund be modified to allow the
McDonald managed by Fr. with a range of issues, which include medical bills, lack of food, loss of housing, covering energy bills or and their clients would benefit Transferee Organization to use the transferred funds in furtherance of its
Student Chris and Dennis car repairs, assisting with child care for dependents, or travel to visit a loved one with serious illness, or greatly from these funds. charitable purposes.
Emergency Fund McDonald. to attend the funeral of a parent or sibling back home. Most emergency aid provided to our students Equinox would ensure it would
Established in has ranged from $200 to $500 per student, although occasionally requests for assistance have fallen honor the mission and original
2011 by gifts below $200. We cap the amount possible for disbursement at $500. intent of the gift.
from Saint Rose
employees

The Annie Created by Demonstrate financial need, Completed all necessary financial aid paperwork, Accepted all available aid, Are $ 5,567.26 Equinox Inc Equinox hosts several programs Request that the restrictions on the Fund be modified to allow the
Sheeley Aramark, Sodexo not on the meal plan and their clients would benefit Transferee Organization to use the transferred funds in furtherance of its
Emergency Food and Saint Rose greatly from these funds. charitable purposes.
Program employees Equinox would ensure it would
(formerly the honor the mission and original
Emergency Meal intent of the gift.
Voucher
Program)
Eleanore B. Eleanore B This scholarship will be used to help older women to complete their studies $ 10,000.00 Maria College Maria College is a private, Request that the Transferee Organization be permitted to use the Fund in
Cowan Cowan Class of Catholic faith-based college furtherance of its educational purpose solely to award scholarships to
Scholarship 1966, by her located in Albany, New York. students who satisfy the criteria set forth in the gift instrument as
Niece and Over 75% of Maria College's described herein. It is further requested that the scholarship criteria be
Personal students are part-time students, modified to provide that a preference will be given to students who were
representative of 64% are students over the age of enrolled in a degree program at The College of Saint Rose on the date
her trust 24 and 31% work full-time in that the College announced its closure.
Schrene addition to attending school.
Whitmore

College Designated Funds Page 19

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Kappa Delta Pi Cummulative Funds to assist students to participate in Kappa Delta Pi Events $ 3,551.72 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Fund dues from Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
students, closed Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
out cash account former students of the College to described herein. It is further requested that the scholarship criteria be
4.6.17 complete their degree programs. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure. It is further requested that this
Fund be modified to remove any restrictions on the Fund that impose
limits on annual spending so that the fund is reclassified as a
use-restricted rather than an endowment fund, such that it is not subject
to the NYPMIFA provisions regarding appropriations of endowment funds
and the Transferee Organization may spend so much of the Fund annually
as it determines is in its best interests, including spending the Fund down
entirely in any year.

Tau Sigma Local Dues Funds to assist students to participate in the Honor Society Events $ 287.29 The University At University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
National Honor charged to Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Society Fund students Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure. It is further requested that this
Fund be modified to remove any restrictions on the Fund that impose
limits on annual spending so that the fund is reclassified as a
use-restricted rather than an endowment fund, such that it is not subject
to the NYPMIFA provisions regarding appropriations of endowment funds
and the Transferee Organization may spend so much of the Fund annually
as it determines is in its best interests, including spending the Fund down
entirely in any year.

The Moving Various donors Funds rasied to assist individuals with tramatic brain injuries. $ 65,744.97 50% to The Of the patients previously treated Request that the restrictions on the Fund be modified to allow the
Message Aphasia Center at through the Neurology Program Transferee Organization to use the transferred funds in furtherance of its
Russell Sage at Saint Rose, approximately 50% charitable or educatonal purposes and in accordance with the use
College; 50% to are receiving treatment at The restrictions imposed by the Donor(s).
Living Resources Aphasia Center at Russell Sage
ABI Program. and approximately 50% are
receiving treatment at Living
Resources. These organizations
can continue to use the funds to
support individuals with
traumatic brain injuries, keeping
with the donors' intent.

College Designated Funds Page 20

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
PI Sigma Epsilon Various Support activities of the Pi Sigman Espilon sales, marketing, and management porofessional co-ed fraternity. $ 12,431.65 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Business Club Corporate and The students who are in the chapter will be competing in sales competitions, operating a student-run store, Albany Out Partner and is expected to furtherance of its educational purpose to support student honor societies
Individual Donors doing community outreach projects, and sponsoring the Dress for Scucess event on campus. Foundation receive the largest number of and their activities. It is further requested that this Fund be modified to
former students of the College to remove any restrictions on the Fund that impose limits on annual
complete their degree programs. spending so that the fund is reclassified as a use-restricted rather than an
endowment fund, such that it is not subject to the NYPMIFA provisions
regarding appropriations of endowment funds and the Transferee
Organization may spend so much of the Fund annually as it determines is
in its best interests, including spending the Fund down entirely in any
year.

Honor Societies Various Payments from students and families to particpate in various honor societies and activities. Departments $ 2,617.52 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
include History, English, Psychology, Communications, and Math and Science. Honor societies include Phi Albany Out Partner and is expected to furtherance of its educational purpose to support student honor societies
Alpha Theta, Sigma Tau Delta, Sigma Delta Pi, Psi Chi, and Upsilon Iota Foundation receive the largest number of and their activities. It is further requested that this Fund be modified to
former students of the College to remove any restrictions on the Fund that impose limits on annual
complete their degree programs. spending so that the fund is reclassified as a use-restricted rather than an
endowment fund, such that it is not subject to the NYPMIFA provisions
regarding appropriations of endowment funds and the Transferee
Organization may spend so much of the Fund annually as it determines is
in its best interests, including spending the Fund down entirely in any
year.

Simona Sung Suzanne The purpose is to enable financially disadvantaged students to be inducted into honor societies dedicated to $ 275.00 The University at University at Albany is a Teach- Request that the restrictions on the Fund be modified to allow the
Business Honor Wilhelm, Chalres excellence in business education (assistance with the honor society fees) Albany Out Partner and is expected to Transferee Organization to use the transferred funds in furtherance of its
Society Fund Murray and Foundation receive the largest number of educatonal purposes and in accordance with the use restrictions imposed
Simona Sung former students of the College to by the Donor(s). It is further requested that this Fund be modified to
complete their degree programs. remove any restrictions on the Fund that impose limits on annual
spending so that the fund is reclassified as a use-restricted rather than an
endowment fund, such that it is not subject to the NYPMIFA provisions
regarding appropriations of endowment funds and the Transferee
Organization may spend so much of the Fund annually as it determines is
in its best interests, including spending the Fund down entirely in any
year.

School Various Funds received were intended to cover the expenses for the event and the net proceeds to finanically assist $ 3,519.79 New York Faculty member, Andrew Request that the restrictions on the Fund be modified to allow the
Psychology individuals and students to be members in NYASP and conference registration and attendance. Association of Shanock, who created and Transferee Organization to use the transferred funds in furtherance of its
Association corporations School mangaged the events has educatonal purposes and in accordance with the use restrictions imposed
Psychologists. requested the funds to directly to by the Donor(s).
(NYASP) NYASP a not for profit that will
allocate the funds to suport
former Saint Rose Students.
NYASP has the list of former
students.

Jackson H. Jackson Fenner Undergraduate students majoring in music or music education $ 29,782.52 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Fenner Music Foundation Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Scholarship Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

College Designated Funds Page 21

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Huether Funds Estate of Richard Endowments to be established in accordance with will once all the funds are received. The will does not $ 2,730,805.37 Funds currently Siena College is a Teach-Out As to the funds to be transferred to Siena College - Request that the
for Future Huether 2658603 provide for criteria but does identify the naming of funds. The funds are: held by Saint Partners with a strong business restrictions on the Fund be modified to allow Siena College to use the
endowments a. John J. Huether Endowed Lectureship in Applied Ethics and Values Rose program. Russell Sage is one of transferred funds to support its business degree programs and
b. Richard J. Huether Endowed Student Presidency ($2,740,805.37) the College's Teach-Out Partners. scholarships for students enrolled in undergraduate business degree
c. Richard J. Huether Student Association Executive Offices to Siena College. programs who demonstrate financial need.
d. Alice G. [H]uether Endowed Fellowship in Applied Ethics and Values
e. Richard J. Huether Endowed Chair, Dean of School of Education Any funds As to the funds to be transferred to Russell Sage College - Request that
f. Additional income from corpus growth shall be used to fund Huether Family Scholarships and Fellowships resulting from the restrictions on the Fund be modified to allow Russell Sage College to
for students. Saint Rose's use the transferred funds to support its philosophy and/or education
residuary interest degree programs and scholarships for students enrolled in undergraduate
in the estate (as philosophy and/or education degree programs who demonstrate financial
determined by need.
the Surrogate's
Court) to Russell
Sage College.

A. Lindsay & A. Lindsay and Scholarships to students that are Delaware County New York Residents. $ 10,965.00 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
Olive B. O'Connor Olive B. O'Connor Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Foundation Foundation Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Scholarship former students of the College to described herein. It is further requested that the scholarship criteria be
complete their degree programs. modified to provide that a preference will be given to students who were
enrolled in a degree program at The College of Saint Rose on the date
that the College announced its closure.

Dr. Molly Kyung Donor Advised Scholarship to full time undergraduate junior business major who is a major of Delta Mu Delta, The $ 526.03 The University at University at Albany is a Teach- Request that the Transferee Organization be permitted to use the Fund in
S. Chang Lee Funds International Honor Society in Business Albany Out Partner and is expected to furtherance of its educational purpose solely to award scholarships to
Scholarship in Foundation receive the largest number of students who satisfy the criteria set forth in the gift instrument as
Business and former students of the College to described herein. It is further requested that this Fund be modified to
Economics complete their degree programs. remove any restrictions on the Fund that impose limits on annual
spending so that the fund is reclassified as a use-restricted rather than an
endowment fund, such that it is not subject to the NYPMIFA provisions
regarding appropriations of endowment funds and the Transferee
Organization may spend so much of the Fund annually as it determines is
in its best interests, including spending the Fund down entirely in any
year.

Eliza Grace Gary McLouth Eliza Grace Whipple Communications Graduate Award for Commitment and Creativity $ 150.00 The University at University at Albany is a Teach- Request that the restrictions on the Fund be modified to allow the
Whipple Award Albany Out Partner and is expected to Transferee Organization to use the transferred funds in furtherance of its
Foundation receive the largest number of educatonal purposes and in accordance with the use restrictions imposed
former students of the College to by the Donor(s). It is further requested that this Fund be modified to
complete their degree programs. remove any restrictions on the Fund that impose limits on annual
spending so that the fund is reclassified as a use-restricted rather than an
endowment fund, such that it is not subject to the NYPMIFA provisions
regarding appropriations of endowment funds and the Transferee
Organization may spend so much of the Fund annually as it determines is
in its best interests, including spending the Fund down entirely in any
year.

College Designated Funds Page 22

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
The Chronicle Gary McLouth Honors award for the editor of the Saint Rose Chronicle $ 250.00 The University at University at Albany is a Teach- Request that the restrictions on the Fund be modified to allow the
Editors Award Albany Out Partner and is expected to Transferee Organization to use the transferred funds in furtherance of its
Foundation receive the largest number of educatonal purposes. Consistent with the intent of the Donor, it is further
former students of the College to requested that the purpose of this Fund be modified to provide an award
complete their degree programs. to a member of the editiorial board of the student newspaper at
University at Albany. It is further requested that this Fund be modified to
remove any restrictions on the Fund that impose limits on annual
spending so that the fund is reclassified as a use-restricted rather than an
endowment fund, such that it is not subject to the NYPMIFA provisions
regarding appropriations of endowment funds and the Transferee
Organization may spend so much of the Fund annually as it determines is
in its best interests, including spending the Fund down entirely in any
year.

Rose Malzberg Various Funds to be used to support campus ministry, reach out saint rose events and humanitarian events. Awards $ 2,657.12 Siena College Siena College is one of the Request that the restrictions on the Fund be modified to allow the
Humanitarian Corporate and to students may also be made to recognize their efforts. College's Teach-Out Partners and, Transferee Organization to use the transferred funds in furtherance of its
Award/Campus Individual Donors as of the date of this Petition, is educatonal purposes and in accordance with the use restrictions imposed
Ministry/Reach expected to matriculate over 100 by the Donor(s). It is further requested that this Fund be modified to
Out Saint Rose former students of the College to remove any restrictions on the Fund that impose limits on annual
complete their degree programs. spending so that the fund is reclassified as a use-restricted rather than an
In addition, Siena College has a endowment fund, such that it is not subject to the NYPMIFA provisions
program and mission similar to regarding appropriations of endowment funds and the Transferee
the College and shares the Organization may spend so much of the Fund annually as it determines is
College's Catholic tradition. Siena in its best interests, including spending the Fund down entirely in any
College has an active campus year.
ministry program.

Michael Murphy Unknown Funds to be awarded to a student majoring in Biology. $ 550.00 The University at University at Albany is a Teach- Request that the restrictions on the Fund be modified to allow the
Biology Award Albany Out Partner and is expected to Transferee Organization to use the transferred funds in furtherance of its
Foundation receive the largest number of educatonal purposes and in accordance with the use restrictions imposed
former students of the College to by the Donor(s). It is further requested that this Fund be modified to
complete their degree programs. remove any restrictions on the Fund that impose limits on annual
spending so that the fund is reclassified as a use-restricted rather than an
endowment fund, such that it is not subject to the NYPMIFA provisions
regarding appropriations of endowment funds and the Transferee
Organization may spend so much of the Fund annually as it determines is
in its best interests, including spending the Fund down entirely in any
year.

Second Chance Various Saint Rose received a foundation grant for Second Chance and has put these funds into a separate $ 650,227.36 The University at University at Albany is a Teach- Request that each of the Transferee Organization be permitted to use the
Match foundations and endowment. As part of the grant, the College was required to match the funds. A fundraising event was Albany Out Partner and is expected to Fund in furtherance of its educational purpose solely to award
Scholarship Saint Rose held to raise enough funds for the scholarship to be matched. The critieria for second chance is provide Foundation receive the largest number of scholarships to students who satisfy the criteria set forth in the gift
Funds scholarships for students who have stopped out and are trying to return to finish their degree and is based former students of the College to instrument as described herein. It is further requested that the
on grades. complete their degree programs. scholarship criteria be modified to provide that a preference will be given
to students who were enrolled in a degree program at The College of
Saint Rose on the date that the College announced its closure.

College Designated Funds Page 23

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 THE COLLEGE OF SAINT ROSE RECEIVED NYSCEF: 09/03/2025
ENDOWMENT RECOMMENDATIONS

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications
07.31.2025 Organization
Stephanie Estate of Charles Scholarships to undergraduate students in good academic standing. $ 12.59 The University at University at Albany is a Teach-
Pankiewicz L. Pankiewicz Albany Out Partner and is expected to
Endowed Foundation receive the largest number of
Scholarship former students of the College to
complete their degree programs.

TOTAL $ 11,918,766.36

** The University at Albany Foundation ("Foundation") was formed to to administer philanthropic contributions from individuals, corporations, foundations, and other organizations in support of activities and programs of the University at Albany, including scholarships and other endowment
funds.The Foundation is the principal mechanism for the receipt and administration of charitable contributions and philanthropic grants raised by and for the benefit of the University at Albany.

College Designated Funds Page 24

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 09/03/2025

DONOR DESIGNATED FUNDS

Total Value as of Transferee
Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications to Donor Restrictions Requested
07.31.2025 Organization
Arthur and Louise Main Care Energy 1. Scholarship awards are for students who are in good academic standing. $ 186,271.88 Hudson Valley Donor designation Request that the restrictions on the Fund be modified to allow each of the
Main Scholarship 2. Recipients may continue to receive scholarships from the Fund as long as they remain in good academic Community Transferee Organizations to use the transferred funds in furtherance of its
Fund standing with the College. College exempt educational purposes in order to award scholarships subject to
3. Candidates may be undergraduate or graduate students. Foundation - any eligibility criteria that may have been imposed by the donor and set
4. Preference will be given to current employees of Main Care Energy; the children or grandchildren of current $92,339.94 forth in the gift instrument.
employees; or the children or grandchildren of retired, disabled, or deceased employees deemed eligible for
benefits from Main Care Energy Dutchess
5. An eligibility form must be completed and is available through Main Care Energy or the Office of Financial Community
Aid (a current sample is attached as guideline). College -
$56,034.94

Columbia-Greene
Community
College - $37,897

Broadview Broadview Credit 1. Attend high school in the City School District of Albany and pursuing a degree in education. $ 80,424.40 The University at Donor request Request that the restrictions on the Fund be modified to allow each of the
Scholarship Union 2. Recipients will be known as Broadview Scholars. Albany Foundation Transferee Organizations to use the transferred funds in furtherance of its
3. one scholarship will be awarded each academic year as follows: $2,500 per year for four years, with each exempt educational purposes in order to award scholarships subject to
annual award distributed in two installments of $1,250 in the fall and spring semesters. any eligibility criteria that may have been imposed by the donor and set
3. If there are no eligible students in any given year, the funds will remain in the gift account and the forth in the gift instrument.
scholarship will not be awarded that year.
4. College will provide SEFCU with an annual stewardship report describing the SEFCU Scholarship recipients'
Saint Rose experiences, academic, and/or extracurricular activities, and personal reflections.
6. College and the Donor will meet annually to evaluate the program and ensure the Donor's intent and the
student's needs are being served.
7. Demonstrate financial need.
8. Be in academic good standing.
9. Be engaged in community service.
10. Once a student has been selected, the SEFCU Scholarship award will continue for four years while enrolled
at the College, provided he or she continues to meet the requirements for the award including demonstrating
financial need; maintaining a minimum GPA of 2.0; and engaging in some type of community service.

C. Pauline Bryant Timothy P. Bryant 1. For students who are in good academic standing. $ 82,767.11 LeMoyne College Donor request Request that the restrictions on the Fund be modified to allow each of the
Endowed and Candace A. 2. Preference given to fulltime incoming freshmen or transfer students pursuing a degree in mathematics or the Transferee Organizations to use the transferred funds in furtherance of its
Scholarship Bryant hard sciences, i.e., Biochemistry, Biology, Biology 7-12 Education, Biology-Cytotechnology, Chemistry, exempt educational purposes in order to award scholarships subject to
Computer Information Systems, Mathematics, Mathematics 7-12 Education or Medical Technology. any eligibility criteria that may have been imposed by the donor and set
3. New majors in these academic areas will also be eligible for the scholarship. forth in the gift instrument.
4. In a given year if the Donors' preference cannot be met, the College, in consultation with the Donors, may
select a student recipient outside the preferences for one year.

Donor Designated Funds Page 1

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 09/03/2025

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications to Donor Restrictions Requested
07.31.2025 Organization
City Club of The City Club of 1. For students who are in good academic standing. $ 35,484.26 Siena College Donor Request Request that the restrictions on the Fund be modified to allow each of the
Albany, Inc. Albany, Inc 2. For a full-time, undergraduate second year or beyond student (sophomore, junior, or senior). Transferee Organizations to use the transferred funds in furtherance of its
Endowed 3. Preference given to eligible students who are residents of the city of Albany, with second exempt educational purposes in order to award scholarships subject to
Scholarship preference to students from Albany County. any eligibility criteria that may have been imposed by the donor and set
4. Strong preference given to students who have evidenced community involvement and forth in the gift instrument.
leadership capability.
5. Preference given to students majoring in History or Political Science, but applicants are not limited to these
majors.
6. In a given year, if the Donor's preferences cannot be met, the College may, in consultation with
the Donor/ Donor Representative, select a student recipient outside the preferences.
Clayton Trag Rock Ms. Arvilla Trag 1. Recipient must be a junior status Music major. $ 12,446.00 The University at Donor request Request that the restrictions on the Fund be modified to allow each of the
'n Roll Rebel 2. The award will be given to a student who is a truly talented rock and roll, jazz or blues musician. Albany Foundation Transferee Organizations to use the transferred funds in furtherance of its
Award 3. The student must have a real financial need based on the university's standard criteria, exempt educational purposes in order to award scholarships subject to
4. The student must have a 3.5 or higher GPA in Music courses. any eligibility criteria that may have been imposed by the donor and set
forth in the gift instrument.

George I. Alden George I. Alden 1. Scholarship awards are for students who are in good academic standing. $ 325,707.70 Clarkson Donor requested Request that the restrictions on the Fund be modified to allow the
Endowed Trust 2. Recipients may be part or full time undergraduate or graduate students of any major. Preference will be University Transferee Organization to use the transferred funds in furtherance of its
Scholarship given to undergraduate students. exempt educational purposes in order to award scholarships subject to
any eligibility criteria that may have been imposed by the donor and set
forth in the gift instrument.

Harriet Wands John Wands 1. Preference given to undergraduate students who are majoring in Music and have graduated from Albany $ 30,143.24 Russell Sage Donor request. Request that the restrictions on the Fund be modified to allow each of the
Sacca Endowed Sacca and Hie- High School. College Transferee Organizations to use the transferred funds in furtherance of its
Music Sook Sacca 2. In a given year if the Donors' preference cannot be met, the College, in consultation with the Donors, may exempt educational purposes in order to award scholarships subject to
Scholarship select a student recipient outside the preferences for one year. any eligibility criteria that may have been imposed by the donor and set
forth in the gift instrument.

Honorable Family and 1. Recipients will be full-time, undergraduate students. $ 91,830.32 50% to University Donor Request that the restrictions on the Fund be modified to allow each of the
Richard J. friends of the 2. Recipients will be a United States Citizen and resident of New York State. at Albany Transferee Organizations to use the transferred funds in furtherance of its
Conners Honorable 3. Recipients will be active in volunteer community service (in a social, educational, political, charitable, or exempt educational purposes in order to award scholarships subject to
Memorial Richard J. community activity, unrelated to internship or employment) 50% to Siena any eligibility criteria that may have been imposed by the donor and set
Scholarship Conners 4. Recipients will be selected through use of an application, letter of interest, and/or statement of College forth in the gift instrument.
endorsement with the Fund's scholarship committee. Specific award procedures and an application are
attached to serve as a guideline.
5. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donors/ Donor
Representative, may select a student recipient outside the preferences for one year.
Inez and Nicholas Karene Faul Awarded to a talented junior status Art Major with a 3.5 GPA or better, annually at Honors' Convocation. $ 23,386.35 St. Rose Art Donor Request Request that the restrictions on the Fund be modified to allow the
Tarquin Artist Selection will be made by Art Department Faculty, based on artistic and academic talent. Department Transferee Organization to use the transferred funds in furtherance of its
Scholar Award Founders exempt educational purposes in order to award scholarships subject to
2023 document adds the following criterion: Preference will be given to students who are Juniors, with an Scholarship Inc. any eligibility criteria that may have been imposed by the donor and set
Education Department Major, with a GPA of 3.5 or higher who have demonstrated talent and academic forth in the gift instrument.
achievement
Kathleen Picotte Family 1. For students who are in good academic standing. $ 400,962.94 Maria College Donor Request Request that the restrictions on the Fund be modified to allow the
McManus Picotte Foundation 2. Preference will be given to students with demonstrated financial need who are graduates of high schools Transferee Organization to use the transferred funds in furtherance of its
Scholarship Fund within Albany County, with first preference given to graduates of Bishop Maginn High School. exempt educational purposes in order to award scholarships subject to
3. Preference will also be given to students majoring in Education or Music. any eligibility criteria that may have been imposed by the donor and set
4. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor forth in the gift instrument.
Representative, may select a student recipient outside the preferences for one year.
Joan Sheridan Joan S. Barlow 1. Scholarship awards are for students who are in good academic standing. $ 779,056.35 Siena College Donor Request Request that the restrictions on the Fund be modified to allow the
Barlow '54 Revocable Trust 2. Preference will be given to students pursuing degree programs in mathematics or science as well as Transferee Organization to use the transferred funds in furtherance of its
Endowed and Robert H. childhood education majors involved in Problem-Based Learning and Teaching and/or the Math and Science exempt educational purposes in order to award scholarships subject to
Scholarship Barlow Education Initiative (STEM). any eligibility criteria that may have been imposed by the donor and set
3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor, may forth in the gift instrument.
select a student recipient outside the preferences for one year.

Donor Designated Funds Page 2

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NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 09/03/2025

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications to Donor Restrictions Requested
07.31.2025 Organization
John J. Gargiulo James and 1. For students who are in good academic standing. $ 279,089.40 Siena College Donor Request Request that the restrictions on the Fund be modified to allow the
Memorial Marietta Gargiulo 2. Preference given to full-time undergraduate and graduate students pursuing a degree in the School of Transferee Organization to use the transferred funds in furtherance of its
Scholarship in Foundation Business. Undergraduate recipients of the Scholarship who wish to pursue graduate studies in the School of exempt educational purposes in order to award scholarships subject to
Business Business will be given priority to continue receiving the scholarship. any eligibility criteria that may have been imposed by the donor and set
3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Fund forth in the gift instrument.
Representatives, may select a student recipient outside the preferences for one year.
John Pesce'86 Family and 1. Annual income will be available for the 2016/2017 academic year. $ 31,592.10 Mount St. Michael Donor Request Request that the restrictions on the Fund be modified to allow the
Award friends of John 2. Recipient shall be chosen by the Men's and/or Women's Basketball Coaches, along with the Athletic Director. Academy Transferee Organization to use the transferred funds in furtherance of its
Pesce '86 3. Recipient shall be a student athlete on the Men's or Women's Basketball Team. charitable and educational purposes.
4. Awards shall alternate annually between the Men's and Women's Basketball Team.

Karene T. Faul Joseph C. Faul 1. For students in good academic standing. $ 82,021.63 St. Rose Art Donor Request Request that the restrictions on the Fund be modified to allow the
Endowed 2. Recipient will be an incoming undergraduate student. Department Transferee Organization to use the transferred funds in furtherance of its
Scholarship in 3. Recipient will be pursuing a four year degree in Studio Art. Founders charitablel purposes in order to award scholarships subject to any
Studio Art 4. Selected by the Office of Financial Aid, based upon financial need and in consultation with art department Scholarship Inc. eligibility criteria that may have been imposed by the donor and set forth
faculty, based upon established art scholarship criteria. in the gift instrument.

Marie McAuliff Gregory Maguire 1. The scholarship will be awarded to one student per year. $ 83,033.04 Saint Michael’s Donor Request Request that the restrictions on the Fund be modified to allow the
Maguire '37 2. Must demonstrate both financial need and academic excellence, and have a minimum GPA of 3.0 and College Transferee Organization to use the transferred funds in furtherance of its
Memorial maintain a 3.0 GPA to continue to receive scholarships from the Fund. charitablel purposes in order to award scholarships subject to any
Scholarship 3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor may eligibility criteria that may have been imposed by the donor and set forth
select a student recipient outside the preferences for one year. in the gift instrument.

Mary Doran Leslie Estate of Mary D. 1. Apply the net income as in their judgment shall be proper in furtherance of the higher education of worthy $ 710,332.29 Siena College Donor directive set forth in the Request that the restrictions on the Fund be modified to allow the
Foundation Leslie high school graduates and who without such aid would not be able to pursue their education. Donor's Last Will & Testament Transferee Organization to use the transferred funds in furtherance of its
2. The aid may be by grant or by loan, under rules set up by the respective trustees. exempt educational purposes in order to award scholarships subject to
3. Those chosen shall have been born in the United States of America. any eligibility criteria that may have been imposed by the donor and set
4. Shall have graduated from a high school located within a school district entirely or partially within forth in the gift instrument.
Schenectady County, New York, and shall be residents of Schenectady County, New York, at the time of their
selection to receive such benefits.
5. The respective trustees are further empowered from time to time to select as recipients for aid, students of
particular promise who might expressly benefit from graduate or professional instruction. In making their
choice as to persons to be benefited, the respective trustees shall be guided by the following criteria:
6. The character of the individual.
7. The intelligence of the individual, which shall be above average.
8. The scholastic record of the individual.
9. The financial need of the individual.

Mary Lou Lamb Mary Lou Lamb 1. For students who are in good academic standing. $ 2,015,719.16 Maria College Donor Request Request that the restrictions on the Fund be modified to allow the
'55 and Dr. 2. Preference will be given to transfer students with demonstrated financial need from a two-year college and Transferee Organization to use the transferred funds in furtherance of its
Robert Lamb junior year status, majoring in Education. exempt educational purposes in order to award scholarships subject to
Scholarship in 3. Recipients may continue to receive scholarships from the Fund as long as they maintain a 2.5 GPA. any eligibility criteria that may have been imposed by the donor and set
Education 4. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor, may forth in the gift instrument. It is further requested that the scholarship
select a student recipient outside the preferences for one year. criteria be modified to remove the provision stating that preference will
be given to students majoring in Education because Maria College does
not offer a degree program in Education.

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Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications to Donor Restrictions Requested
07.31.2025 Organization
Monsignor The College of 1. Scholarship awards will be made at minimum of $1,000 per year, to a minimum of two students each year. $ 166,341.78 Siena College Donor request
Delaney Alumni Saint Rose 2. Recipients selected using an application, essay, and/or resume detailing leadership qualities and high school
Family Alumni or community service activities. Specific award procedures and an application are attached.
Scholarship Association 3. Application materials will be evaluated, and recipients selected by The College of Saint Rose Alumni
Association or appointed committee based upon demonstration of high academic achievement and strong
leadership qualities evidenced in application materials.
4. Recipients are full time, incoming freshmen, who are considered to be legacy students- a student whose
mother, father, grandmother, grandfather, brother, sister, aunt, uncle, or cousin is a graduate of the College.

Nicholas J. Annie and 1. Resident Assistant who has committed to returning to the position for the following year. $ 8,825.00 Epilepsy Donor request Request that the restrictions on the Fund be modified to allow the
Birchak `06, G`08 Stephen Birchak 2. Good Academic Standing (3.0 GPA or higher). Eligible R.A. may be at the graduate or undergraduate level. Foundation of Transferee Organization to use the transferred funds in furtherance of its
Strength of 3. Eligible R.A. has encouraged residents to actively expand their generosity, compassion, and good will, as Northeastern New charitable purposes.
Character evidenced through their programming, resident interaction and feedback, or otherwise observed by York
Resident professional staff at the College.
Assistant Award 4. Eligible R.A. has shown commitment to giving back through involvement, interests, and activities outside of
their R.A. work.
5. Preference given to an R.A. who has worked to overcome adversity or helped others to do so, with grace and
positivity.
6. After receiving the award, the selected student will provide a testimonial to be used for promoting growth
and awareness of the award.

Patricia Clahassey Patricia Clahassey1. For students in good academic standing. $ 85,824.11 St. Rose Art Donor Request Request that the restrictions on the Fund be modified to allow the
Endowed 2. Preference given to students in their third or fourth undergraduate year or enrolled in a graduate program Department Transferee Organization to use the transferred funds in furtherance of its
Scholarship pursuing a degree in Education. Founders exempt educational purposes in order to award scholarships subject to
formerly know as 3. Recipients will be chosen by Education department faculty based upon the student's Scholarship Inc. any eligibility criteria that may have been imposed by the donor and set
the Artist-Scholar commitment to the field of education as demonstrated by their dedication to their course forth in the gift instrument.
Award work and clinical work and creative approaches to teaching.
4. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor's
representative, may select a student recipient outside the preferences for one year.
Philomena R. Edward J. Smith 1. For students who are in good academic standing. $ 62,238.87 Siena College Donor Request
Veneroso Smith and John P. Smith 2. Preference will be given to undergraduate students pursuing a Bachelor of Science degree in the School of
'61, G'84 Business and majoring in any of the following: Business Administration, Economics, Entrepreneurship, Human
Scholarship in Resource Management, Management, or Marketing.
Business 3. In a given year if the Donors' preference cannot be met, the College, in consultation with the Donors may
select a student recipient outside the preferences for one year.

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FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
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Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications to Donor Restrictions Requested
07.31.2025 Organization
Second Chance Second Chance 1. The Institution will continue a program internally referred to as the 'Second Chance Scholarship program $ 386,620.62 Hudson Valley Donor Request
Scholarship Scholarship assisting the same targeted group of "second chance" individuals as the Second Chance Scholarship Foundation Community
Foundation Foundation and Institution have targeted over the last 10 years (or more). College
Endowed 2. "Award based on grades". Foundation
Scholarship 3. The earnings will be utilized to provide a minimum of 7 scholarships per year and the College will match 7
additional students under the same program guidelines for a total minimum number of 14 scholarships per
year. Alternatively, the College may match the 7 awards dollar for dollar for the same students in the program.
It is noted that the match contemplated is a match of the annual distribution(s) in the form of additional
scholarships or additional funding to the same students and that matching of the principal/corpus of the
contribution is not required.
4. Be accepted to The College and have applied for the scholarship by June 1 for awards commencing in the fall
semester, or November 1 for the spring semester.
5. Be in need of financial assistance as determined by the College's Office of Financial Aid and the need analysis
performed as a result of the student filing the Free Application for Federal Student Aid (FAFSA).
6. Be motivated to pursue a Bachelor's or Master's degree awarded by The College of Saint Rose.
7. Have experienced adverse life circumstances that delayed or interfered with their educational plans, but are
now ready to attempt their studies again.
8. Register for full-time status. Part-time students may apply, however priority is given to full-time applicants.

Sidney and Sidney and Expenditures from the available earnings of the Fund shall be used to cover expenses associated with the $ 149,964.01 Siena College Donor Request Request that the restrictions on the Fund be modified to allow the
Beatrice Albert Beatrice Albert lectureship series, including but not limited to: transportation, fees, lodging/meals, supplies, and honorarium Transferee Organization to use the transferred funds in furtherance of its
Interfaith Foundation payments. exempt educational purposes in order to award scholarships subject to
Lectureship any eligibility criteria that may have been imposed by the donor and set
Program forth in the gift instrument.

Sister Agnes Rose Jennifer Stah 1. For students who are in good academic standing. $ 118,196.28 Siena College Donor Request Request that the restrictions on the Fund be modified to allow the
Burton, CSJ '51 G'83 2. Preference given to students majoring in History & Political Science. Transferee Organization to use the transferred funds in furtherance of its
History and 3. In a given year if the Donor's preference cannot be met, the College, in consultation with the Donor, may exempt educational purposes in order to award scholarships subject to
Political Science select a student recipient outside the preferences for one year. any eligibility criteria that may have been imposed by the donor and set
Scholarship in forth in the gift instrument.
Memory of
Nicholas and
Mary Stah
Sister Rose 1. Will be used by The Writing Center at The College of Saint Rose. $ 52,883.49 Siena College Donor Request Request that the restrictions on the Fund be modified to allow the
Regina Smith, '50 John P. Smith, 2. Funds used to provide program and/or staff support designed specifically to improve the written Transferee Organization to use the transferred funds in furtherance of its
G'90 CSJ Edward J. Smith, communication skills of students at the College. exempt educational purposes in order to award scholarships subject to
Endowed Fund John E. Maloy, Jr. 3. Appropriate uses may include, but are not limited to: the purchase of books, materials, or online reference any eligibility criteria that may have been imposed by the donor and set
for Writing and Peter Maloy materials; fees for workshops, seminars, speakers; stipends for graduate assistant tutors or resources for the forth in the gift instrument.
Excellence delivery of online tutoring; electronic resources for students and management of The Writing Center.

Sister Rose E Paul Casey Earnings made available in the discretion of the College to students determined by the College. $ 31,636.39 Siena College Donor Request Request that the restrictions on the Fund be modified to allow the
Regina Smith CSJ Transferee Organization to use the transferred funds in furtherance of its
Endowed exempt educational purposes in order to award scholarships subject to
Scholarship any eligibility criteria that may have been imposed by the donor and set
forth in the gift instrument.

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FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
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Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications to Donor Restrictions Requested
07.31.2025 Organization
The Carolina Elizabeth Allen 1. For a full-time, undergraduate second year or beyond student (sophomore, junior, or senior) in the Thelma P. $ 54,325.26 Siena College Donor Request Request that the restrictions on the Fund be modified to allow the
Connors Allen Wyld '73, G'77 Lally School of Education, majoring in early childhood education and childhood education. Transferee Organization to use the transferred funds in furtherance of its
'48, G'65 and and John S. Wyld, 2. Must have a demonstrated financial need. exempt educational purposes in order to award scholarships subject to
Joseph P. Allen Jr. 3. Student must maintain a minimum 2.5 overall GPA throughout the scholarship time period. any eligibility criteria that may have been imposed by the donor and set
Endowed 4. The candidate should demonstrate a love of children and a strong sense of community. These areas were of forth in the gift instrument.
Scholarship particular importance to Carolina and Joseph.
5. In a given year if the Donor's preference cannot be met, the College may, in consultation with the Donor(s),
select a student recipient outside the preferences.
The Dewar The Dewar 1. For students who are in good academic standing. $ 486,820.04 The University at Donor Request Request that the restrictions on the Fund be modified to allow the
Foundation Foundation 2. Recipients must be graduates of Oneonta High School or its successors, if any. Recipients will be Albany Foundation Transferee Organization to use the transferred funds in furtherance of its
Endowed selected based on financial need and/or academic merit. exempt educational purposes in order to award scholarships subject to
Scholarship any eligibility criteria that may have been imposed by the donor and set
forth in the gift instrument.

The Michael E. Monica and Earl 1. The student will have demonstrated advocacy for individuals with complex communication needs; is aware $ 48,967.06 Russell Sage Donor request
Welshhans Welshhans of and interested in advances in technology; and is a collaborator with individuals using AAC, their family College
Scholarship Fund members, partners in school communities, and other professionals supporting individuals with communication
challenges.
2. The student must be a graduate student in the CSD department at the time the application is submitted.
3. The applicant must submit a personal essay explaining his/her experience with individuals who use AAC, and
how funds from this scholarship would help further their knowledge and skill in helping individuals with
complex communication needs.
4. Scholarship awards shall be applied to tuition, room and board, student fees, books, or other expenses
directly related to academic success, and the scholarship is renewable provided the recipients maintain
eligibility.
5. In any given year, if the Donor's preferences cannot be met, the College, in consultation with the Donors or
their designee, may select a student recipient outside the preferences.

Thomas J. Ferrara Sophie Ferrara 1. Recipients will be full time, undergraduate students, with a Business-related major, with preference to $ 60,450.37 Niagara University Donor Request Request that the restrictions on the Fund be modified to allow the
Memorial and Rita Ferrara transfer or non-traditional students. Transferee Organization to use the transferred funds in furtherance of its
Scholarship Dillon 2. Selected based upon financial need and academic merit. exempt educational purposes in order to award scholarships subject to
3. In a given year if the Donors' preference cannot be met, the College, in consultation with the Donor/Donor any eligibility criteria that may have been imposed by the donor and set
Representative, may select a student recipient outside the preferences for one year. forth in the gift instrument.

Thomas M. Tom Whalen 1. For full-time, undergraduate students who are in good academic standing. $ 88,609.05 The University at Donor request Request that the restrictions on the Fund be modified to allow the
Whalen, III Saint Rose — 2. Eligible students will be residents of the City of Albany and a graduate of a high school in the City of Albany Albany Foundation Transferee Organization to use the transferred funds in furtherance of its
Memorial Cork Partnership or Albany County. exempt educational purposes in order to award scholarships subject to
Scholarship and proceeds 3. First preference will be given to eligible students who are interested in pursuing a career in government or any eligibility criteria that may have been imposed by the donor and set
from future who have demonstrated participation in student government or community service. forth in the gift instrument.
fundraising 5. Second preference to student athletes, i.e. baseball or softball players.
events
(specifically the
annual Whalen
Golf
Tournament),
supported by the
Whalen Family

Donor Designated Funds Page 6

FILED: ALBANY COUNTY CLERK 09/03/2025 04:38 PM INDEX NO. 909222-25
NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 09/03/2025

Total Value as of Transferee

Name of Fund Name of Donor Purpose of fund/Criteria Rationale Modifications to Donor Restrictions Requested
07.31.2025 Organization
The Ursula R. John E. Maloy, 1. The income will be awarded to undergraduate students at The College who are enrolled full-time and who $ 112,798.38 Siena College Donor Request Request that the restrictions on the Fund be modified to allow the
Casey Smith Sr., John E. are in good standing. Transferee Organization to use the transferred funds in furtherance of its
Endowed Maloy, Jr. and 2. Applicants must have graduated from a Catholic Secondary School located in the Counties of Albany, exempt educational purposes in order to award scholarships subject to
Scholarship Peter J. Maloy Rensselaer, Saratoga or Schenectady, namely, Academy of the Holy Names - Upper (Albany); Bishop Maginn any eligibility criteria that may have been imposed by the donor and set
High School (Albany);Catholic Central High School (Troy); Christian Brothers Academy (Albany); LaSalle Institute forth in the gift instrument.
(Troy); Notre Dame-Bishop Gibbons School (Schenectady); or Saratoga Central Catholic High School (Saratoga).
3. The recipient's annual family income must preclude his/her qualifying for federal grant funding and must be
considered in the "middle income" bracket at the time he/she applies for financial aid.
4. The recipient must be an entering freshman.
5. The Scholarship is to be awarded for undergraduate study only.

Fluency Council Various Donors - Funds to be used to assist participants with attendance for council meetings $ 91,018.60 Invivo Institute Donor Request Request that the restrictions on the Fund be modified to allow the
Joy Emery to be Research Transferee Organization to use the transferred funds in furtherance of its
confidential Foundation charitable purposes.
Fluency Clinic Joy Emery Funds to be used to assist with teletherapy for speech language services $ 36,439.57 Invivo Institute Donor Request Request that the restrictions on the Fund be modified to allow the
Research Transferee Organization to use the transferred funds in furtherance of its
Foundation charitable purposes.

Total $ 7,292,227.05

Donor Designated Funds Page 7