Sapienza University of Rome in which he granted masters and students alike the broadest possible privileges and decreed that the university should include the four schools of Law, Medicine, Philosophy and Theology. He introduced a new tax on wine in order to raise funds for the university; the money was used to buy a palace which later housed the Sant'Ivo alla Sapienza church. However, the University's days of splendour came to an end during the sack of Rome in 1527, when the studium was closed and the professors dispersed, and some were killed. Pope Paul III restored the university shortly after his ascension to
Peggy Rae Sapienza the University of Maryland, her alma mater, for a student majoring in economics "to help facilitate the education of a hardworking student and encourage him or her toward graduation" (Sapienza had graduated summa cum laude with a B.A. in economics). On June 5, 2015, Chicon 7 created the Peggy Rae Sapienza Endowment to benefit the special collections library at Northern Illinois University, using the last of Chicon 7’s surplus funds. Chicon 7 Chair Dave McCarty announced the initial endowment of $25,000 during the Nebula Awards Weekend reception at The Palmer House Hilton in Chicago. The endowment is intended to advance