September 13-14 - Nebraska State College System

4.9.-1
Fiscal and Facilities Committee
Larry Teahon, Chair
Cap Peterson
Jennifer Myers
September 13-14, 2007
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ACTION:
First Round Approval of Changes to Board Policy 8020; Naming of
Facilities
Priority: Financial Strength of the System
Goal: 5. Secure public and private funding sources
Strategies: c. Increase endowments
j. Maintain facilities and improve physical environment
k. Promote innovative funding programs
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Board Policy 8020, Section 3 currently states that normally a contribution of 50% of the
construction or renovation cost of a building is required to meet the requirements for the naming
of a facility when based on a donation. Given the current cost of many of our construction
and/or renovation projects, this percentage generally puts the naming opportunities out of the
reach for any of our donors in the State College System. Section 8 of the policy also places the
same requirement on the naming of rooms or other areas. Eliminating this language in Section
3 will provide more flexibility to the colleges in recommending naming opportunities and in
reaching their fundraising goals.
The policy is also revised to clarify the process for recommending a naming to the Board, which
includes a recommendation from the College President to the Chancellor. If the Chancellor
concurs with the recommendation, it will be brought forward to the Board for approval.
Attached is a copy of Policy 8020 with the proposed changes.