At a private service Friday afternoon at the Cathedral of St. John the Divine in New York City the Right Reverend W. T. Manning, Bishop of New York, dedicated a statue called "The Sacrifice", to be given to the University by Mrs. Robert Bacon in memory of her husband, a member of the class of 1880, who died during the War, and in memory of all other University men killed in the service.

The statue is a group by Malvina Hoffmann, symbolizing the sacrifice of men and women for an ideal, and the central figure is a hooded woman mourning over the dead body of a crusader of the 13th century in full armor. The statue has gained considerable favorable criticism. Th New York Times says that the features of the warrior, frozen in death, wear the austerity typical of a grave and positive century in which fainting under grief or danger was incredible", and that the work shows "a patience and feeling for perfection in craftsmanship". It goes on to say that "technically the work shows genuine power and vitality" and "should be ranked among the best of the war monuments".

The status has been placed in the chapel of St. Ausgarius in the Cathedral of St. John the Divine until provision has been made for it at the University.