Section 3342-5-13.2 - Administrative policy regarding minimum levels of support for naming opportunities(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
Ohio Admin. Code 3342-5-13.2
Effective: 4/1/2016
Promulgated Under: 111.15
Statutory Authority: 3341.04
Rule Amplifies: 3341.01, 3341.04
Prior Effective Dates: 11/10/1997, 2/12/2007, 6/1/2007, 10/5/2012, 3/1/2015