Prudence Risley Residential College for the Creative and Performing Arts, commonly known as Risley Residential College, Risley Hall, or just Risley, is a program house at Cornell University. Unlike most other dormitories on campus, Risley is a residential college; house members, or "Risleyites," have some say in the administration of the residence hall, can continue to reside there as long as they are enrolled at Cornell, are encouraged to eat together at the in-house dining hall, and participate in educational activities such as guest lectures within the dormitory.

Margaret Olivia Slocum Sage, known as Olivia Sage, was an American philanthropist known for her contributions to education and progressive causes. In 1869 she became the second wife of industrialist Russell Sage. At his death in 1906, she inherited a fortune estimated at more than $63,000,000, to be used at her discretion.