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  • 1.  Term limits on naming opportunities

    Posted 06-20-2023 10:30 AM

    Hi everyone,

    Veering off the general gift realm but looking to see if you have term limits on naming opportunities, and if so what the limits are. Your feedback would be greatly appreciated!



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    Shelby Tudor
    Children's National Hospital Foundation
    studor@childrensnational.org
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  • 2.  RE: Term limits on naming opportunities

    Posted 06-20-2023 11:27 AM
    Many of my clients do - and we offered these at NC State fifteen years ago.

    I prefer a set number of years rather than "the expected usefulness" of the facility. Ten years, with first right of refusal, tends to be what I see most.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987






  • 3.  RE: Term limits on naming opportunities

    Posted 06-20-2023 12:28 PM

    Thanks, John! Ten years seems pretty standard.

     

    Shelby Tudor

    Director, Gift Administration

    Office: 301-565-8463

    Cell: 757-672-3160

     

    **General notice: Although you may receive this email after work hours or while out of office, please understand that I have no expectation you will read or reply to emails during your personal time.

     




    Original Message


  • 4.  RE: Term limits on naming opportunities

    Posted 06-20-2023 12:58 PM
    Good afternoon,

    Our standard is 10 years, but really we can do it up to 20 year limits. We have had requests for 5 years as well. For all corporate donors, they can not have a life-term naming. They must have a termed naming up to 20 years. 

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    Example of our recommendations (term value=10 years here). 


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    Original Message


  • 5.  RE: Term limits on naming opportunities

    Posted 06-21-2023 11:21 AM

    What is the process for "renewing" the naming?  Is additional giving required?

    Thanks,



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    Nancy Randazzo
    University of Montana Foundation
    nancy.randazzo@supportum.org
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  • 6.  RE: Term limits on naming opportunities

    Posted 06-21-2023 11:29 AM
    Edited by Tara Zoltek 06-21-2023 11:30 AM




    Original Message


  • 7.  RE: Term limits on naming opportunities

    Posted 06-21-2023 11:40 AM
    To both comments:
    • "Term limits" are not universal, Tara. However, they are becoming more popular. The significant annual increases in facility upkeep and renovation drive this. Institutions use these terms to ensure they continue to receive the funding necessary to keep those building standing. Additionally, many organizations are adding an endowment component to a naming gift for new construction to help offset those maintenance costs.
    • Nancy, there is no universal strategy for renewing a naming. It does almost always involve more money. However, if it's a renewal versus a new naming, the original donors are often offered a discount.
    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987





    Original Message


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