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The following are guidelines for philanthropic naming opportunities at St. Bonaventure University. The University Advancement staff will be flexible and work with each contributor to facilitate gifts that meet both the donor's and the University's goals and that support St. Bonaventure's mission.
The University has established gift levels based upon the actual cost of facilities, programs and projects. These gift levels are consistent with named gift opportunities at other colleges and universities. These named gift guidelines will be reviewed and revised as necessary.
Exceptions to the guidelines may be made on rare occasions and must be approved by the University President and the Development Committee of the Board of Trustees.
Minimum of 60% of gross construction costs: 50% for construction costs and 10% to establish a "long-term maintenance" endowment.
NEW INTERIOR SPACE:
Computed according to a formula based on construction cost per square foot, and the desirability, prominence and visibility of the specific space.
To fund major renovations: same as "NEW BUILDING" policy.
For general support of program(s) housed in the building: one half the value of the structure. At least 20% of the gift must be used to establish a maintenance endowment.
A naming change to an existing named facility, structure, room or space, resultant from a major philanthropic gift will require approval from the University President and the Executive Committee of the Board of Trustees.
LANDSCAPING/GROUNDS $5,000 Minimum
Total cost of project (garden/park area including memorial trees, benches, etc.) and standard University plaque plus a fully funded maintenance/replacement endowment.
ENDOWED STUDENT SUPPORT
SCHOLARSHIPS: $25,000 Minimum
A phase-in period for the new minimum could be used as incentive for new scholarships, i.e., a scholarship could be established during 1997-98 for $15,000 and for $20,000 during 1998-99.
(All existing endowed scholarship would be "grandfathered" per the terms of agreement.) LOAN FUNDS: $50,000 Minimum
These are low-interest funds administered by the Financial Aid Office. Interest rat should not exceed that of the Federal Perkins Loan program. If this program is discontinued, maximum interest rates will be based on similar standards. A portion of the annual allocation will be used to cover any contracted administrative costs.
INTERNSHIPS: $20,000 Minimum
Each department chair/director is responsible for defining endowed internships for his/her area in conjunction with the Director of Planned Giving. Internship guidelines must be approved by the appropriate Dean, the Vice President for Academic Affairs and the Vice President for University Advancement.
GRADUATE/UNDERGRADUATE RESEARCH FELLOWSHIPS:
The endowment level of each fellowship will be based on actual costs for the defined program including faculty support.
ANNUAL SCHOLARSHIPS: $1,000 Minimum
This is not an endowed fund. Monies are awarded in their entirety each year.
ENDOWED FACULTY POSITIONS
ENDOWED CHAIR: $2,000,000 Minimum
Provides full funding for salary and benefits. Additional funding from the endowment could be used to cover expenses such as secretarial support, graduate assistants, travel, supplies, etc., as defined on a case-by-case basis.
ENDOWED PROFESSORSHIP $250,000 Minimum
Provides supplemental funding to augment an existing position's salary for an exemplary faculty member.
VISITING PROFESSORSHIP: $100,000 Minimum
Each endowed visiting professorship will be defined in a written statement which documents purpose, criteria for selection, responsibilities, time frame and budget. Funding amount necessary will be contingent on the above criteria.
VISITING SCHOLAR/LECTURER/ARTIST IN RESIDENCE
$25, 000 Minimum
Each endowed fund will be defined in a written statement which documents purpose, criteria for selection, responsibilities, time frame and budget. Funding amount necessary will be contingent on the above criteria.
FELLOWSHIP: $100,000 Minimum
Awarded to a faculty member for a period of one or two semesters to support and advance his/her teaching and/or research. A statement of purpose and criteria for selection for each endowed fellowship will be documented in writing.
ENDOWED PROGRAMS & FUNDS NAMED SCHOOL:
The University will define the minimum gift level for opportunities to name each school on a case-by-case basis. Funding requirements and naming possibilities must be submitted to the Development Committee of the Board of Trustees for their recommendation to the President and the Board of Trustees for final approval.
The University will define the minimum gift level for opportunities to name each department on a case-by-case basis. Funding requirements and naming possibilities must be submitted to the Developoment Committee of the Board of Trustees for their recommendation to the President and the Board of Trustees for final approval.
DISCRETIONARY OR DEPARTMENTAL FUND: $100,000 Minimum
The Chair, Director or Dean responsible for the fund will provide an annual summary of how the funds were used. This information will be provided to the donor as part of a stewardship program.
LECTURE/CULTURAL SERIES/PROGRAM: $50,000 Minimum
The endowment level will be based upon the parameters and specifics of each series or program, and upon the percentage of the series/program cost the endowment is intended to fund.
Determined on a case-by-case basis. Generally, funding for space and maintenance of the collection must accompany the collection.
LIBRARY/BOOK FUNDS: $10,000 Minimum
The Director of the Library will provide an annual summary of purchases funded by the endowment. This information will be used for donor stewardship.
Cost of book plus processing fee, including memorial bookplate. (This is not an endowed fund.)
EQUIPMENT FUND: $25,000 Minimum
The budget officer will provide an annual summary of purchases funded by the endowment. This information will be provided to the donor as part of a stewardship program.
FACULTY/STAFF DEVELOPMENT FUND: $100,000 Minimum
An endowment fund that faculty and/or staff can use to enhance their professional development in a manner that also enhances their effectiveness in support of St. Bonaventure's mission. The application process, maximum award amount, and stewardship program will be documented in each endowment fund's description. The recipients of all awards will work with the Planned Giving Office on stewardship.
Additional naming opportunities may be available based on current or special needs of St. Bonaventure University and will be approved via the Vice President for University Advancement. (Approved by the Board of Trustees, September 6, 1995; Revised March 4, 1997.)