The financial requirements for various naming opportunities differ and donors are encouraged to discuss their ideas with the vice president for external affairs, the executive director of the foundation, or one of the college development officers. The following offer a basic overview and some guidelines for some of the various naming opportunities. To name a new building with 100 percent private funding, a donor must contribute at least 50 percent of the construction cost. To name a new building with a private funding component, a donor must contribute at least 50 percent of the private fund-raising goal. In addition to naming buildings, endowments can be used to name many of the spaces within buildings such as lecture halls, laboratories, conference rooms, speciality classrooms, and regular classrooms.
Minimum amounts are necessary to name other physical facilities.
The gift should be in the form of an endowment, with income from the endowment used to provide a margin of excellence for the unit involved. The gift should not replace state funds previously made available to that unit. Minimum endowment levels for colleges, departments, centers, and institutes have been established. Endowed Faculty Positions Naming opportunities for chairs or professorships are available throughout campus. The endowed chair designation is linked to a select faculty position filled by a truly outstanding scholar and teacher, as judged by rigorous, nationally accepted standards.