Ohio Administrative Code › Title 3342 - Kent State University › Chapter 3342-5 - Administrative Policies In General › Section 3342-5-13.1 - Administrative policy regarding naming opportunities

Current through all regulations passed and filed through July 1, 2024
(A) Policy statement. Kent state university
			 may name facilities and academic programs in order to recognize donors who make
			 gifts that significantly advance the university's ability to carry out its
			 instruction, research and public-service missions.
(B) Scope. This policy applies to all naming
			 opportunities involving facilities and endowments meeting the minimum levels of
			 support throughout the eight-campus system of Kent state university as provided
			 for in rule
			 3342-5-13 of the Administrative
			 Code.
(C) Definition. For the
			 purposes of this policy, "facilities" means any university property owned by
			 the university including but not limited to buildings, structures, roads, and
			 other similar features.
(D) Types
			 of gifts for named facilities and endowments.
(1) Naming of facilities. Opportunities for
			 naming facilities includes, but is not limited to, new construction,
			 renovations, and space designations. At all times, the university retains the
			 discretion to rename buildings, renovated areas, and spaces when renovation or
			 replacement is required while continuing to acknowledge the donor's original
			 gift in an appropriate way. The university reserves the right to discontinue or
			 eliminate a naming on a facility or space after its useful life at the sole
			 determination of the board. A time limit may be placed on a naming opportunity
			 if the donation is not endowed or permanently established.
(2) Endowed chair. This designation of a
			 named "chair" is available to gifts seeking to provide a permanently funded
			 opportunity for truly outstanding scholars according to rigorous, nationally
			 accepted standards and is the highest honor Kent state university may award to
			 a faculty member. The reputations of individuals recruited as chairs will
			 reflect their special understanding of their particular field of study and
			 their nurturing of the leading scholars of the future. Chairs at Kent state
			 university, as at other prestigious universities, will constitute that small
			 cadre of exceptionally-gifted professors whose names evoke immediate
			 acknowledgement and respect in academic circles. This award typically
			 supplements existing budgeted salaries, but is also available to support the
			 teaching and research activities (including but not limited to the purchase of
			 university equipment) of the individual selected to occupy the endowed chair.
The gift may further be designated as follows: distinguished
				endowed chair, endowed research chair, and endowed chair.
(3) Endowed professorship. This designation
			 is available to gifts seeking to provide for the designation of a named
			 "professorship" to those positions held by exceptionally-gifted scholars.
			 Professorships are typically held by those faculty members whose
			 accomplishments indicate great potential. Their efforts are focused on honing
			 their teaching skills and carving out areas of research performance. This award
			 typically supplements existing budgeted salaries and may be awarded at the
			 professor, associate professor or assistant professor levels with
			 qualifications for each endowment to be determined on a case-by-case
			 basis.
(4) Endowed administrator.
			 This designation is available to gifts seeking to provide for a designation
			 related to an administrative position at Kent state university. This award
			 typically supplements existing budgeted salaries, but may also be used to fund
			 university-wide initiatives in further of the university's strategic plan
			 and/or mission.
(5) Undergraduate
			 endowed scholarship, founder's medallion scholarship, or graduate endowed
			 fellowship. These three funds will be used to endow significant fellowships and
			 scholarships at Kent state university. Fellowships are reserved for graduate
			 students, and scholarships are generally given to undergraduate
			 students.
(6) Library endowments.
(a) Library endowment fund. Income from the
			 principal will provide unrestricted support to the annual operation of the Kent
			 state university libraries. This endowment is very valuable because of the
			 critical nature of the library as it serves a technical and research-oriented
			 university.
(b) Unrestricted
			 scholarship or other endowment. Named unrestricted scholarship endowments rank
			 as top priority in establishing scholarship endowments at Kent due to the
			 flexibility they present. These scholarships can be used to recruit and retain
			 the brightest and most capable students without any restrictions.
(c) Library media endowment. This endowment
			 will be used to place new media, which may include things such as but not
			 limited to books, magazines, periodicals, electronic media or subscriptions in
			 honor or memory of those who have elected to endow a library book fund in the
			 Kent state university libraries.
(7) Other such gifts as may be approved by
			 the board upon recommendation of the president. From time to time, a donor may
			 present a naming opportunity or endowment that may not be specifically provided
			 for or described under this rule (including but not limited to programs,
			 centers and institutes, schools and departments, and colleges).
To ensure that the university and its donors may engage in such
				opportunities and as to not impede or limit the university's options under this
				rule, the board may approve other such gifts as may be contemplated for naming
				facilities or endowments upon recommendation of the president.