Monetary Guidelines
A new or renovated building or open space incorporating private funding can be named if the honoree gift equals at least 40–60 percent of the cost of the project. Exceptions to this guideline may be authorized by the naming committee, as the committee deems appropriate.
| 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 recognition
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 are no 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