Development Policy
´¡±è±è°ù´Ç±¹±ð»å:ÌýAugust 14, 1981; Revised June 19, 1986; Revised June 12, 2014; Revised April 22, 2021; Revised April 22, 2022
Scheduled Review Date: April 2027
- Solicitation for gifts for the university or any of its colleges, schools, departments, centers, institutes, or programs must have the prior written approval of the president or a designated representative and comply with the following , Governing board; additional duties; policy; acceptance of terms and conditions associated with donations, gifts, and other private philanthropic support.
- Private gifts or grants which entail a commitment on the part of the university may not be accepted without the written approval of the president or a designated representative.
- Private gifts or grants are received and acknowledged on behalf of the university by the Â鶹´«Ã½ Educational Foundation, Old Dominion Athletic Foundation, Â鶹´«Ã½ Real Estate Foundation, Â鶹´«Ã½ Community Development Corporation, and the Â鶹´«Ã½ Museum Foundation. The university (as opposed to the foundations) receives gifts when specifically requested by a donor and when it is in the best interest of the university to do so.
- The president of the university shall establish policies to provide for the orderly and prudent transfer of funds from the foundations to the university.
- The president of the university may establish additional policies governing the solicitation or acceptance of gifts in the name of the university.
- The President or his designee shall inform and seek the approval of the Board of Visitors of gifts that direct academic decision-making or gifts of $1,000,000 or more that impose a new obligation on the university, excluding gifts for scholarships or other financial aid.
- Named Facilities A building, a room, a space, or an area on campus may be named to recognize a substantial gift. This is provided for in the Board of Visitors' policy on the Naming of University Buildings, Building Spaces, or Areas.
- Named Programs A college, school, department, center, or institute may be named by the Board of Visitors to recognize a substantial endowment gift.
- Eminent Scholars The Commonwealth of Virginia established the eminent scholars program in 1964 to encourage endowment gifts to attract and retain outstanding faculty. The program provides state funds to match the income from endowments established for this purpose. Virginia was the first state to establish such a program. Â鶹´«Ã½ has participated in this program from its inception and encourages such endowment gifts.
- Named Chair A chair may be named in recognition of an endowment gift sufficient to provide for a significant salary supplement. Ideally, such an endowment would provide for administrative, travel, and research support in addition to compensation.
- Named Professorship A professorship may be named in recognition of an endowment gift for a salary supplement sufficient to attract and retain a distinguished scholar.
- Named Visiting Scholar or Artist A visiting scholar or artist may be named in recognition of an endowment gift sufficient to provide for the cost of such a program.
- Named Lectureship A lectureship or lecture series may be named in recognition of an endowment gift sufficient to provide for the honorarium and expenses related to the lecture.
- Named Fellowship A fellowship may be named to recognize an endowment gift to provide for tuition and fees assistance and a research stipend for a graduate student.
- Named Scholarship A scholarship may be named to recognize an endowment gift to provide for tuition and fees assistance for an undergraduate student. An athletic grant-in-aid may be named to recognize an endowment gift to provide for tuition, fees, room and board, and books assistance for a student-athlete.
- Other Named Funds The president of the university may establish other named funds such as library or book funds, loan funds, or prize funds when a gift or gifts are sufficient to meet an objective of the university.