naming

naming

Monetary Guidelines

monetary_guidelines

James L. Winkle supported the College of Pharmacy with a substantial gift in 2007. This granite monument was erected to identify his contribution and the naming of the James L. Winkle College of Pharmacy. The monument was installed at the main entrance on Eden Avenue. The granite used matched the granite steps installed in the front of Wherry as part of the Eden Streetscape project in 1999.

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A new or renovated building or open space incorporating private funding can be named if the honoree gift equals at least 50 percent of the private-support goal determined for the project.  Exceptions to this guideline may be authorized by the naming committee, as the committee deems appropriate.

If a facility is built or renovated without the use of private money, the gift amount must be at least 15 percent of the facility's original cost-of-construction estimate.

Gift Level Guidelines

Type of Space Examples Minimum gift
Highly visible public space A wing, performance
auditorium, or hospital
patient area                         
$1 million
Premier general-use space
used primarily by students
and faculty with occasional
public use
Lecture halls or large
classrooms, a floor,
entrance foyers, large
laboratories, galleries,
suites of rooms
$500,000
Internally significant space Any used by students,
faculty, and staff
$50,000 to $500,000
Private-use space Offices, laboratories,
practice rooms
$50,000

 Acceptable Gift Types

Cash or securities
Irrevocable pledge commitments payable within five to seven years
Irrevocable commitments via a planned gift
Realized benefits, with the donor receiving posthumous recongnition

Regarding facilities where private gifts have not been factored into the financing:
Deferred gift agreements in which assets are transferred irrevocable and in which there areno more than two income beneficiaries, both of whom are at least 60 years old at the time of the commitment.

Term charitable remainder trusts and deferred gift annuities will be considered on a case-by-case basis.

Qualifying Endowment Gifts

Facilities may be named to recognize donors endowment gifts if:

The total gift is at least 50 percent of the original estimate of the cost for construction or renovation, and
The gift is either unrestricted or for overall faculty/student/staff support for the university and/or the college or unit involved