Seniors can vote on the gift Oct. 30.
The first option would create an Undergraduate Library endowment of at least $20,000 that would raise money to keep the library's resources current.
"The idea is keeping a new library new," said Rob Albright, senior class vice president, saying the money could help keep the library up-to-date in a quickly changing world.
Another part of the first option would allow seniors to select quotations that would be engraved into the 12 new benches outside the Undergrad. A plaque inside the library would memorialize the class's gift.
"We would be the first class to give to the new library," Albright said. "We are really the only class to remember both the old and new Undergrad."
The second option would create an artistic glass etching on the four large windows of the Campus Y building.
Albright said the etching would depict a scene memorializing Sept. 11. The gift would also include a glass showcase for art to be put in the Campus Y lobby. Excess money from the fund raising would be given to Campus Y renovations.
Although no definite plans have been made, the project would conceivably cost a minimum of about $25,000, Albright said.
The third option is a special need scholarship, which would be given through the Office of Scholarships and Student Aid.