Caley Jags wrote to shareholders warning them the club was at risk of being insolvent.
It has appealed to major shareholders and former directors for help, and suggested setting up a Save ICT Appeal to help raise the £200,000.
Ferguson said he decided on Wednesday night to give up his wage.
He said he would not ask others to do the same.
Ferguson added: “I’ve done my bit. I’ve given up that wage and I’m still working for the club.
“I’m making sacrifices.”
Ferguson played for Dundee United, Rangers, Everton and Newcastle United before returning to Everton.
His coaching career included a spell at Forest Green Rovers.
Ferguson joined Inverness last September following the sacking of Billy Dodds and his assistant Barry Wilson.
The club was bottom of the Championship at that time.
It was later relegated in a play-off against Hamilton Accies.
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