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Home :: Policies :: Naming Opportunities

Naming Opportunities

Responsible Department
Advancement
Effective Date
05/10/2017
  1. .

    Purpose

    1. The purpose of this policy is to establish criteria and procedures for naming places or programs at the University of North Georgia (the “University”).

    2. This policy supersedes any previous policy which was in effect through consolidation, and until the effective date of this policy.
  2. .

    Definitions

  3. .

    Statement

      1. RESPONSIBILITIES

        1. Board of Regents

          Naming a place or an academic unit requires prior authorization by the Board of Regents and shall be in accord with Board of Regents procedures and guidelines. (BOR Policies Section 7.4.1) (http://www.usg.edu/policymanual/section7/C459)

        2. University of North Georgia

          USG Policy requires each institution to maintain their own naming policy.  The policy should establish minimums for financial commitments corresponding to such naming opportunity. The President of University of North Georgia will approve all naming proposals and, if required, submit to the Chancellor of the Board of Regents for Board of Regents approval.

        3. University of North Georgia Foundation Board of Trustees

          The University of North Georgia Foundation, Inc. Board of Trustees serve as an advisory committee for acceptance of proposed gifts and should be apprised of any gift solicitation which includes a naming commitment.

      2. NAMING CRITERIA

        The University will allow the naming of a Physical Facility and Program in the following circumstances.

        To name a...

        Suggested Gift Amount

        Building

        New

        A minimum of 1/4 cost, but negotiable based upon the size and type of project.  

        Existing

        Will be determined on a case-by-case basis depending upon the fundraising goal or needs of the specific facility.

        College/School Unit

        $10,000,000

        Department/Center/Institute

        $2,000,000-10,000,000

        Lecture Halls, Concert Halls, and Auditoria

        New

        A minimum of 1/4 cost, but negotiable based upon the size and type of project.

        Existing

        A minimum of $100,000 but determined   according to scale.

        Classroom, Conference Room, Seminar Rooms

        A minimum of $50,000

        Exterior Spaces, Courtyards

        New

        A minimum of 1/4 cost, but negotiable based upon the size and type of project.

        Existing

        Will be determined on a case-by-case basis depending upon the fundraising goal or needs of the specific facility.

        Faculty Endowments

                 Deanship or Distinguished Chair

        A minimum of $2,000,000

                 Chair

        A minimum of $1,000,000

                 Professorship/Visiting                              Scholar/Lecturer

        A minimum of $500,000

        Endowed Scholarship

        A minimum of $25,000.



      3. CONTRIBUTION GUIDELINES

        In order for a place or program to be named based upon a contribution, the gift will comply with the following guidelines:

        1. The gift must be in irrevocable form to be paid within a five-year period and based upon a signed pledge commitment.

        2. Unless the gift is necessary to fund the immediate construction of a Facility to be named, the gift may be used to establish a Program endowment restricted to a department or Program of the donor’s(s’) choosing.

        3. If a department is to be named, a restricted Program endowment supporting that department may be necessary.

        4. Generally, deferred gifts, including, but not limited to, gifts such as life insurance, CRTs, CGAs, and bequests are not to be used for current naming opportunities. Discussion should be made with the interested donor(s) discussing the possible naming opportunities that may be available when the gift is actually received (booking of a deferred gift does not give rise to a current naming opportunity).

        5. University of North Georgia will generally not formally request a final naming approval from the Board of Regents until such time as at least 50% of the total naming opportunity value has been received.
  4. .

    Support Info

  5. .

    Procedures

    1. See Naming Opportunity Procedures.

    2. Any related operating procedures must comply with and should reference this policy.

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