Name game may change at UI - Metro: "The state Board of Regents is considering a proposal that would allow buildings, schools, and other major parts of its universities to be named for products and corporations.
The policy restates the regents' authority to approve and re-examine the naming of any major unit of a public university. The proposal states that the regents will only approve the names of commercial entities 'in rare instances,' but Regent President Michael Gartner has said the future of university philanthropy may lie in corporate donations.
The policy would require universities to conduct 'due diligence' reviews of potential conflicts of interest when accepting gifts and possible impacts on tax-free funding and UI research. The plan also encourages the use of contracts stating that a large gift won't necessarily result in a name."
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