Ohio Administrative Code › Title 3349 - Northeast Ohio Medical University › Chapter 3349-3 - Faculty Rules › Section 3349-3-145 - Naming university property

Current through all regulations passed and filed through July 1, 2024
(A)
								Purpose
To establish rule guidelines for the
				naming of a building, a portion or wing of a building, or outdoor space on the
				Rootstown campus in recognition of contributions to the university or the
				university foundation "the foundation".
(B)
								Scope
Any individuals or entities that have
				made significant financial or service-based contributions to the university or
				the foundation in compliance with the criteria set forth in this
				rule.
(C)
								Definitions
Consult rule
				3349-7-01 of the
				Administrative Code.
(D)
								Rule
			 statement
(1)
									Individuals or entities who make a significant contribution
			 to the university or the foundation may be afforded an opportunity to have a
			 building, portion of a building, or an outdoor space named in their honor based
			 on the nature and amount of their contribution.
(2)
									Naming
			 opportunities. The university advancement office, leadership of the foundation,
			 and other university leadership members will submit recommendations to the
			 president of the university based on the contribution.
(3)
									Criteria. The
			 criteria for naming university property or space differs based on the nature of
			 the contribution.
(a)
										Financial contributions. The financial contribution may
			 be in the form of cash, marketable stocks or securities, shares of mutual funds
			 or exchange traded funds; bonds or other fixed securities; a binding
			 commitment/agreement through a bequest included in a last will and testament;
			 an irrevocable or paid up life insurance rule; real estate; personal property
			 or equipment of substantial value to be used by the university, or other
			 marketable physical assets, which can be easily liquidated by the foundation.
			 The transfer of the assets must be completed prior to the naming of the
			 facility. This delivery can also be achieved by the irrevocability of the gift
			 to the university based on a future payment through an estate or proceeds from
			 a life insurance rule.
(i)
											Amount of necessary for naming a building. The
			 financial contribution must be greater than or equal to twenty-five per cent of
			 the construction costs and be at least one million dollars in
			 value.
(ii)
											Amount necessary for naming a portion of a building, a
			 renovation of an existing building or outdoor space. The financial contribution
			 must be greater than or equal to twenty-five per cent of the original
			 construction costs or a value estimated by the university when the actual
			 construction cost cannot be determined.
(b)
										Service
			 contributions. In order to name a facility based upon a level of service, the
			 contribution must:
(i)
											Be substantial and have had a major positive impact on
			 the direction of the university; and
(ii)
											Be of an order
			 that without the contribution, the university would have been negatively
			 impacted in a substantial way.
(4)
									Approval. The
			 approval required for awarding naming rights to an individual or entity differs
			 based on the nature of the contribution and the property being named.
(a)
										Financial
			 contributions related to a building. When naming a building based on a
			 financial contribution, the president makes a recommendation to the university
			 board of trustees. The university board of trustees will review the
			 recommendation, and if they find the recommendation appropriate, will provide
			 final approval.
(b)
										Financial contributions related to portions of a
			 building or outdoor space. When naming a portion of a building or outdoor
			 space, the president of the university provides final approval.
(c)
										Service
			 contributions. When naming a facility for service contributions, the president
			 makes a recommendation to the university board of trustees who provides final
			 approval.
(5)
									Revocation of naming rights and adjustments. Naming
			 rights may be revoked at the discretion of the president of the university or,
			 as appropriate, the university board of trustees, due to public or private
			 actions by the donor that could reflect negatively on the university. Failure
			 of the donor to complete any condition or scheduled action concerning the
			 contribution that was the inspiration for the naming opportunity may also
			 result in revocation or adjustment to the naming.
(6)
									Recognition. To
			 recognize the naming of a facility, the university may place an appropriate
			 signage, work of art or other physical identifier acknowledging a donor's
			 contributions to the university. The recognition will be commensurate to the
			 contribution.
(7)
									Exceptions to the rule. The university board of
			 trustees may deviate from any of the criteria or requirements set forth in this
			 rule.