One possible gift is a freestanding monument -- named Unsung Founders of the University -- honoring men and women of color who helped raise some of the first buildings on campus.
A second option is a marquee for Memorial Hall that will be used to publicize and promote events.
The third possibility is a need-based scholarship for a senior who experiences a sudden and unforeseen financial difficulty.
Seniors will have a chance to vote on the options Oct. 9 and 10, either online at Student Central from 8 a.m. to 10 p.m. or in Union 208 from 9 a.m. to 3 p.m. Senior class officers plan to announce the gift shortly after voting is completed.
The ideas came from suggestions members of the Class of 2002 made during last year's student elections and from senior marshals, said Senior Class Vice President Ursula Dimmling.
Jason Holloway, a senior from Greenville, said he likes the Unsung Founders memorial and the scholarship ideas. But Holloway said he was not as excited about the marquee option. "I think (the marquee) is a bunch of crap," he said. "I'd rather see the money go to someone who needs it than to a sign in front of a building."
Michael Ashe, a senior from Littleton, also said he appreciates the idea of the Unsung Founders memorial. "I really like (the memorial)," he said. "I am a person of color as well."
Ashe said he also thinks the the scholarship would be beneficial. "There are times when students need help," he said.
But some students frowned on the founders memorial option.