New-York tribune., 1919-11-01
Court Appraisal
OF Sage Estate
Is S49,O5l,045
Widow of Financicr Gave
Four-ffths of Fortune
to Public Institutions:
Brother Gets S7,I57,7O3

The transfer tax appraisal of the
estate of Mrs Margaret Olivia Sage,
widow OF Russell Sage, filed in the
Surrogates' Court yesterday, places its
gross value at S49,051 .O45, which is
within Il few million dollars Of the
estimate placed on it at the time of
her death on November 4, 1918. The
estate was valued at $45,261 1874.
More than fifty charitable organiza-
tons, museums and educational insti-
tutlons share in the distribution of the
estate. receiving bequcsts ranging
from Sl0O, 600 to more than 81 5000
The principal individual legatccs under
the Will Of Mrs. Sage were: Joseph
Jermain Slocum, brother, $7.l5n 703 !;
Herbert Slocum. nephew. $l2*23l;
stephen l.. II. Slocum, nephew, Sl25,
l5o; Margaret Olivia Flint. HE estate
N 100000 and real estate in Lawrence
\. y, valued at $26. $50, and Herbert
J.: Slocum, grandnephew, $9lS ,6S9
Twenty-three friends and employees
received from $500 to $4,000 each.
Foundation Gets s5,OO0,OOO
Mrs. Sage bequeathed about four
flfths OF her estate to public insttu-
tions. To large number she gave
specific amounts ranging from $4,000
to 100000. TO several others she gave
one and two shares each of the resid-
uary estate, The Russell Sage Foun-
datlon, which during the life of Mrs
Sage was the distributing center for
many of her charities, receives $5,436.
lO4. The largest institutional bcqucsts
were:
New York Charities Organiza-
uon Society II, 1871 t.
Presbyterian Home Missions. 1.57S,172
New York City Mission 1863, ,172
metropolitan Museum of Art ,403.172
Children's Aid Association. 1868, ,172
American Museum of Natural
History ................ 1,543, ,172
Women's Board of Foreign
- Missions ................. 1,57S.172
Troy Polytechnic Institute. 1,100. .O0O
The following received $776,5sG each
Yale University, Union College. IIamil.
ton College, Amherst College, WlliQms
College, Dartmouth College. Barnard
College. Princeton University. Bryl
Mawr College, Nassar College. Smith
College, Wellesley College, Tuskegce
Normal Institute. Presbyterian Hos
pltal. State Charities Aid Association
Presbyterian Board for the Relief of
Disabled Ministers and Of Widows and
Orphans of Ministers, New York In
Urinary for Women and Children, New
ork Public Library, New York Botani-
cal Gardens and New York Geological
Society,"
Hampton Institute received SS76, $50
American Bible Society S6Gl,S79 and
New York University S4S2,336.
Was Stock Exchange Member
Mrs Sage had stocks and bonds
which year ago, when she died, had q
value OF $35 l16, ,0S4. Her holdings OF
the first. second, third and fourth is
sues of Liberty bonds had an aggregate
value Of $3743 $50. Some of her large
commercial stock holdings were: Amer
lean Telephone and Telegraph Com
pany. $2,126,s22; Manhattan Elevated
hallway. Sl.242,79G; Atchison. Topeka &
Santa Fe Railway Company, S1,123, 1888;
General Electric Company, S904 ,3S2
tnon Pacific Railway Company, $7l7,-
937; United States Steel Corporation
Si.9S1. .997; Pullman Company. $5O5,-
6e3; Bankers Trust Company, SG66, 900
and Northern Pacific Railway Company
>563 1884,
Mrs. Sage owned fiftv-seven parcels
Of real estate, or which there were Nc
mortgages Her real estate was ap
praised az S2,646.249. The more valu-
able Of her properties Were; Go4 Fiftf
Avenue. $4,000; 73 Fifth Avenue
S305 900, and 422 Central Park West
Sl25.000. Her personal property
amounting to $1O,732.350. consiste,
largely Of mortgages. She also hold Z
membership in the New York Stock fN
change. on which valuation of $55 ,00(
,t1s ul,ro1