Wright State University
Policy number: 3701
Subject: Facilities and Endowments
Date issued: January 1998
Authority: Board of Trustees Resolution 97-19 (December 3, 1996); Board of
Trustees Resolution 95-20 (February 2, 1995); Board of Trustees Resolution 78-17
(February 8, 1978); Wright State University Foundation, Inc.; Vice President
for University Advancement
3701.1 Naming Policy
The Board of Trustees of Wright State University retains
authority for naming (or renaming) buildings, components of buildings, open
spaces, and other physical facilities of the university and for establishing
guidelines for the naming of endowments in support of the university. The Advancement
Committee of the Board of Trustees, in consultation with the president of the
university, recommends for approval by the Board the names of individuals and
organizations to be honored.
3701.2 Naming of Facilities
Facilities for the purpose of this policy include any
building, components of and areas within a building, outdoor space, or other
identifiable physical feature of the university.
- Naming in honor of an individual (no gift involved)
- A proposed honoree shall have achieved distinction while serving the
university in an academic, administrative, or support capacity or have
contributed in exceptional ways to the betterment of the university, state
of Ohio, or education in general.
- Facilities ordinarily shall not be named for individuals currently
employed by the university or individuals currently holding public office.
- An individual usually shall not be considered for naming recognition
within one year after the person's death.
- It is intended that private contributions will be provided for the
support of the facility to be named in honor of an individual. The level
of contributions should reflect the general guidelines outlined in paragraphs
3701.2 b), c), and d).
- Naming for a benefactor (gift involved)
- A facility may be named for an individual or organization benefactor
who makes a significant contribution toward the costs of initial construction
or renovation of a building, component of a building, or other physical
facility on campus.
- As general guidelines, the following commitments are required for construction
or renovation of a building or component of a building:
a.)
New buildings. An amount no less than
25 percent of the cost of construction.
b.) Components of new buildings. An amount between 50 percent
and 100 percent of the construction cost per square footage.
c.) Existing building. An amount no less than 25 percent of
current construction costs.
d.) Components of existing buildings. An amount between 50
percent and 100 percent of current costs of construction per square
footage.
- It is intended that gifts to name facilities shall fund either the total
construction cost of the facility or provide substantial funding for that
portion of the total construction cost which would not be available from
other sources, as determined on an individual basis.
- An individual or organization donor making a substantial gift to the university
or a specific college or unit, but a gift which is not designated for a
new or existing building, may be recognized by the naming of a building,
component of a building, or other campus facility. In this instance, the
magnitude of the gift should be consistent with the general gift levels
for naming facilities.
3701.3 Naming of Endowments
An endowment fund may be contributed and named for an individual or organization
benefactor, or a specified honoree, to provide a permanent source of funding
for restricted or unrestricted purposes as specified by the donor. The following
paragraphs provide general guidelines for named endowment categories and minimum
funding requirements.
- Faculty and student endowments
| Purpose |
Endowment Level |
| Academic Chair |
$1,500,000 |
| Distinguished Chair |
$1,000,000 |
| Professorship |
$500,000 |
| Lectureship |
$250,000 |
| Visiting Scholar |
$250,000 |
| Post-Doctoral/Doctoral Fellowship |
$400,000 |
| Master's Fellowship |
$300,000 |
| Full Scholarship (in state) |
$75,000 |
Partial Scholarship |
$10,000 |
- Program endowments (e.g., lecture series, artist performance series,
libraries, teacher/scholar awards, equipment, and building funds) may be
established by gifts at a recommended minimum level of $100,000.
- Endowment gift requirements to name an entire college, school, or other
prominent institutional program or unit will be determined on an individual
basis.
- The Wright State University Foundation, Inc., generally receives and manages
endowed funds for the benefit of the university and the specified purpose
of the fund.
- The minimum recommended endowment level is $10,000. An endowment fund
may be established within a reasonable period (usually two to five years)
agreed upon by the donor and the Wright State University Foundation, Inc.
A gift or pledge to establish an endowed fund shall be accompanied by a
formal, signed document detailing the endowment agreement.
- Academic or program units, in consultation with University Advancement,
may offer special endowment naming opportunities at appropriate levels of
funding, provided the opportunities are consistent with the general guidelines
in paragraph 3701.3 a).
- Minimum funding requirements for named endowments will be reviewed periodically
to ensure that the endowment amount provides an annual distribution consistent
with university program requirements and economic conditions.