Ohio Administrative Code
Title 3342 - Kent State University
Chapter 3342-5 - Administrative Policies In General
Section 3342-5-13.2 - Administrative policy regarding minimum levels of support for naming opportunities
Universal Citation: OH Admin Code 3342-5-13.2
Current through all regulations passed and filed through December 16, 2024
(A) Policy statement. The following amounts are established by the president as the minimum levels support for the naming opportunities established in rule 3342-5-13.1 of the Administrative Code.
(1)
Minimum levels for facilities:
(a)
New facilities:
Thirty-three to fifty-one per cent of the cost of construction depending on
source of total funds plus a ten per cent maintenance
endowment.
(b)
Renovations: Thirty-three to fifty-one per cent of the
renovation cost depending on source of total funds, plus ten per cent
maintenance endowment.
(c)
Components of a structure (i.e. classroom technology,
equipment): one hundred fifty per cent of actual square-footage
cost.
(d)
Courtyards, gardens, and other landscaping: one hundred
fifty per cent of actual square-footage cost.
(e)
Current
facilities not under renovation can be named in honor of an individual with an
appropriate gift as determined by the board committee.
(2)
Minimum levels of faculty support:
(a)
Distinguished
endowed chair: $2,500,000.
(b)
Endowed research
chair: $1,500,000.
(c)
Endowed chair: $1,000,000.
(d)
Endowed
professorship: $500,000.
(e)
Endowed visiting professorship:
$500,000.
(f)
Endowed faculty fellowship: $250,000.
(3)
Minimum levels of administrative support:
(a)
Presidential
endowed chair in educational leadership (for the sitting president of Kent
state. Only one available): $5,000,000.
(b)
Endowed deanship:
$2,000,000.
(c)
Endowed directorship of athletics:
$3,000,000.
(d)
Endowed head coaching (football, baseball, basketball):
$1,000,000.
(e)
Endowed head coaching (all other sports or position
coaches): $5,00,000.
(4)
Minimum levels of
student support:
(a)
Undergraduate endowed scholarship: $25,000 (depending
upon the scholarship level).
(b)
Founder's
medallion scholarship: $100,000.
(c)
Graduate endowed
fellowship: $100,000.
(5)
Minimum levels
for other program support.
(a)
Program funds: $100,000.
(b)
Centers and
institutes: $1,000,000.
(c)
Schools and departments: $3,000,000. (depending upon
size and stature of the college and circumstances of the gift).
(d)
Colleges:
$10,000,000 to $50,000,000 (depending upon size and stature of the college and
circumstances of the gift).
Replaces: 3342-5-13
Disclaimer: These regulations may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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