Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

REGENTS’ POLICY MANUALSECTION 7 – UNIVERSITY DEVELOPMENT7.3.1—ACADEMIC PROGRAMSTo name a college, school or department will require a significant endowment that will generateresources to strengthen and build excellence in academic and research programs. All naming requestsrequire approval by the President and the Board of Regents.7.3.2—BUILDINGSBuildings included in the University’s list of priority needs may be named in recognition of a majorgift for construction. Generally, a building may be named for one-half of the private funds required forthe project or for one-half of the estimated cost of construction, unless otherwise stipulated as part of aUniversity-approved fund-raising campaign with naming guidelines. New buildings to be constructedwith a combination of private, state and federal monies may suggest different naming requirements thatwill be established with approval by the President and Board of Regents.Other new buildings may be named by a donor for the cost of construction.Existing unnamed buildings on campus (i.e., buildings not named for an individual) may be namedfor a significant endowment that will generate sufficient resources to strengthen and enrich programshoused in the facility or that will provide for continued maintenance and operations of the building.SPECIAL FACILITIES WITHIN BUILDINGSLaboratories, auditoriums, classrooms, and other special rooms or facilities within existing or futurebuildings may be named for one-half of the estimated value of the facility or the full cost of renovation.7.3.3—NAMED GARDEN OR LANDMARKSExisting gardens or landscaped areas of campus may be named with the establishment of anendowment to support annual plantings and upkeep.Creation of new gardens or campus landmarks may be named for the donor for the cost ofconstruction and an arrangement for annual upkeep.7.3.4—ENDOWED FACULTY POSITIONSThe establishment of endowed faculty positions is encouraged for the opportunities they provide toenrich and strengthen the teaching and research programs of the University in perpetuity.An endowed chair or professorship enables the University to strengthen its academic programs byrecruiting, recognizing, or retaining nationally renowned educators, scholars and researchers, and toprovide them with enrichment funds that support and strengthen their academic activities. It is proposed,therefore, that each endowed faculty position will be supported in part by a State-funded faculty line.Earnings from the endowed positions also may be used to support travel, equipment, supplies, andstaffing needs of the position. When the position is not filled, all or a part of the annual earnings will beTHE UNIVERSITY OF OKLAHOMA 310