Naming of Physical Property
I. Policy: Naming of Physical Property
II. Who Does This Policy Affect:
HFC College Foundation, Office of Development, Board of Trustees, President, Vice President of Finance and Facilities, and Legal Services
The purpose of this policy is to provide guidelines for naming physical properties in recognition of a donor’s significant monetary generosity and for exceptional honorariums. This Policy is intended only as a guide and allows for flexibility on a case by case basis to seize special funding opportunities.
IV. Policy Statement
Henry Ford College seeks private monetary contributions to strengthen its position and support initiatives to increase educational access, student success, and drive economic and workforce development, consistent with the College’s Mission Statement. These monetary contributions provide greater opportunities than would be otherwise available from traditional income sources such as state and federal funding, local property taxes and student tuition and fees.
New buildings may be named for a donor for a monetary contribution of at least 50% or more of the cost of the new building.
The dollar amount of the monetary contribution required to name a renovated portion of an existing building, build an addition to an existing building and all other physical property shall be decided on a case by case basis considering without limitation the following factors:
• Monetary amount of the contribution
• Reputation and character of the donor
• The purpose of the physical property
• Length of continuing monetary contributions
• Conflicts with other contractual naming commitments
• Prominence of the physical property
• Heightened public interest in the physical property or donor
• Potential appearance of commercial influence or a conflict of interest
• Contingencies or conditions to the contribution
These factors are to be determined and weighed in the sole discretion of the College Board of Trustees. The Board of Trustees reserves the right to consider other factors as it deems appropriate.
All naming contributions shall be by written agreement only. Such agreements shall include, without limitation, the amount of the contribution, a contribution schedule, the duration of the name, option for alternative suitable purpose for the contribution in the event the contribution standing alone or when combined with contributions from other donors is insufficient to complete the designated physical property, potential for multiple names, options for change in the use of the physical property, and the College’s right to remove a name in the event of a negative change in reputation of the donor.
The physical property shall be officially named once the contribution is completely received and the designated physical property project is completed.
The name shall exclude commercial logos so as not to appear to be advertising, but be consistent with College signage. The College will work with the donor to determine mutually acceptable signage. All signage, however, must be approved by the College Board of Trustees prior to installation. All decisions of the College Board of Trustees regarding signage are final.
The College Board of Trustees may waive the required monetary contribution in certain instances in order to name physical property in honor of an individual who has provided extraordinary service to the College or achieved exceptional recognition for their work from national professional peers. Honorees may not be in active service for the College or hold an elected office at the time of naming.
The naming of physical properties is exclusively controlled by the College Board of Trustees and requires Board approval.
Physical Properties shall include, but are not limited to:
• Interior spaces
• Exterior spaces
• Tribute markers
VI. Responsible Party for Administration and Enforcement
Vice President of Development
VII. Related Documents
- Procedure for Naming of Physical Property
VIII. Policy History
a. Current Policy Approved by Board: June 19, 2017
b. Previous Revision Date(s): February 20, 1995
c. Previous Policy Section: Property; Previous Policy No. 6200
This policy supersedes and replaces any and all policies related to this subject