Naming Gifts for Campus Facilities
“Endowed chairs and scholarships are well understood as naming properties. We have well-defined processes for them. We don’t often have well-defined processes for how to manage naming gifts for facilities, but it’s needed.” This article refers to events in 2010 but offers practical strategies are still very relevant today. In an unusual story (2010), it emerged that Utah Valley University is raising funds by reselling the naming rights to its event center, at the request or with the permission of the original donor, whose name is being transferred to the school of education building. While this particular type of renaming is very rare, this is a good time for institutions to be thoughtful about their capital and facilities naming and renaming opportunities. Vincent Duckworth of ViTrēo offers his insights into taking a more strategic approach to identifying and managing naming opportunities. Renaming A Facility “The life of an institution is measured in hundreds of years, but the life of buildings is measured in decades,” Duckworth notes, “so as your buildings get refurbished, renovated, demolished, and rebuilt, you need to have processes in place for how to go about renaming the space.” Invariably, Duckworth suggests, the institutions that manage this best […]