"Sandy" Weill, a banker, financier, philanthropist and chairman of Citicorp bank in New York City, offered a $20 million dollars donation on the condition that the institution change its name to Joan Weill-Paul Smith's College.
Justice John T. Ellis of the New York State Supreme Court later ruled that the college could not be renamed, and the proposed donation was withdrawn.
[7] In 2024, the dining hall at Paul Smith's College was renamed Morehouse Hall in honor of Stephen Warren Morehouse (1840–1882), an early employee of the Paul Smith's Hotel and American Civil War (1861–1865) veteran of the Union Army who served in the famous 54th Massachusetts Infantry Regiment of some of the first Black/African American soldiers to serve and fight in the war (of which a famous Hollywood feature film Glory was made in 1989, starring Denzel Washington, Morgan Freeman and Matthew Broderick).
Smith's Bakery and The Ganzi: Palm Training Restaurant in Cantwell Hall opens a few days a week each semester to sell student-produced products.
[13] The Saunders Sports Complex houses the Bobcat Fitness Center, a gymnasium, and dance studio, which is open to the general public for a nominal fee.
Events include pole climbing, log birling, chopping, splitting, sawing, pulp toss, ax-throw, and pack-board relay.
The Paul Smith's woodsmen team's nine-year winning streak (from 1957–1966) in the sport's biggest event, the Spring Meet, is the longest in the history of intercollegiate lumberjack/lumberjill competition.
Men's and women's team participate in the Yankee Small College Conference regionally, and the USCAA on a national level.
In 2022, the Paul Smith's College Men's Nordic Ski team won the USCSA National Championships located in Lake Placid, NY.
[17] The Paul Smith’s College women’s hockey team won the inaugural AAU College Hockey Women’s National Championship on March 10, 2024, when they defeated the University of Tampa 4-2 in West Chester, PA. Leah Coulombe was named Tournament MVP.