In a move referred to as \”taking naming rights one step further,\” the University of Sioux Falls in South Dakota is looking to create a close partnership with a private business. According to President Mark Benedetto, the organization partner would not only get to put their name around the school’s sports stadium, but additionally work closely with the university\’s academic programs.
In some methods, USF would become extra time of the business under consideration. The logo would go on the school’s stationary, and also the relationship would carry financial benefits for that company, as the school would become one of its clients. In return, employees would have the run from the campus, including accessibility gym and pool.
Benedetto recognizes that this kind of symbiosis is uncommon in advanced schooling, but believes by using the new economic reality in the wake from the financial collapse of 2007 and economic recession of 2008, school-corporate partnerships will be the way forward for smaller private schools like USF.
Benedetto didn\’t not indicate how any relationship would affect university governance.
John Hausaman, spokesman for that Higher Learning Commission from the North Central Association of Colleges and Schools, the company that accredits USF, declined to talk specifically about USF\’s plan and whether this type of relationship having a corporate partner would threaten the school\’s accreditation. But he pointed towards the agency\’s general accrediting criteria. Of these are requirements that signal caution in dealings with donors.
The relation to USF accreditation dictate that the school’s governing board have the autonomy to make decisions within the best interest from the institution and its students. Additionally, the board mustn\’t allow donors, officials or lawmakers too much of a voice in the way the school is run. Rob Oliver, who is the president of Augustana College C another small SD school C states that his institution meets these requirements by only approaching entities that align closely with the school’s mission.
\”We seek partnerships and collaboration with individuals who value our mission and who know very well what we do,\” he said.
\”Whenever we have sponsorships or gifts that lead to naming opportunities and such things as that, typically it is because somebody believes with what we do, believes in our mission and values what we should produce as an institution.
\”That\’s what you are really seeking. What you\’re not seeking is somebody that might control what you do.\”
According to Jodi Schwan and Peter Harriman of the Argus Leader, Benedetto already intends to follow the same guidelines choosing which company to approach.