5 - 13.2
Administrative policy regarding minimum levels of support for naming opportunities
- Policy statement. The following amounts are established by the president as the minimum levels support for the naming opportunities established in rule 3342-5-13.1 of the Administrative Code.
- Minimum levels for facilities:
- New facilities: Thirty-three to fifty-one per cent of the cost of construction depending on source of total funds plus a ten per cent maintenance endowment.
- Renovations: Thirty-three to fifty-one per cent of the renovation cost depending on source of total funds, plus ten per cent maintenance endowment.
- Components of a structure (i.e. classroom technology, equipment): one hundred fifty per cent of actual square-footage cost.
- Courtyards, gardens, and other landscaping: one hundred fifty per cent of actual square-footage cost.
- Current facilities not under renovation can be named in honor of an individual with an appropriate gift as determined by the board committee.
- Minimum levels of faculty support:
- Distinguished endowed chair: two million five hundred thousand dollars.
- Endowed research chair: one million five hundred thousand dollars.
- Endowed chair: one million dollars.
- Endowed professorship: five hundred thousand dollars.
- Endowed visiting professorship: five hundred thousand dollars.
- Endowed faculty fellowship: two hundred fifty thousand dollars.
- Minimum levels of administrative support:
- Presidential endowed chair in educational leadership (for the sitting president of Kent state. Only one available): five million dollars.
- Endowed deanship: two million dollars.
- Endowed directorship of athletics: three million dollars.
- Endowed head coaching (football, baseball, basketball): one million dollars.
- Endowed head coaching (all other sports or position coaches): five hundred thousand dollars.
- Minimum levels of student support:
- Undergraduate endowed scholarship: twenty-five thousand dollars (depending upon the scholarship level).
- Founder's medallion scholarship: one hundred thousand dollars.
- Graduate endowed fellowship: one hundred thousand dollars.
- Minimum levels for other program support.
- Program funds: one hundred thousand dollars.
- Centers and institutes: one million dollars.
- Schools and departments: three million dollars. (depending upon size and stature of the college and circumstances of the gift).
- Colleges: ten million to fifty million dollars (depending upon size and stature of the college and circumstances of the gift).
- Minimum levels for facilities:
Policy Effective Date:
Apr 01, 2016
Policy Prior Effective Dates:
10/05/2012, 03/01/2015