A popular means of fundraising is equipment sponsorship; basically an oar, or boat, is emblazoned with your family name (or other appropriate moniker) in exchange for a monetary donation. Opportunities for sponsorship are available throughout the year.
The Crew Parents Association has established the following guidelines:
1. GENERAL POLICY
Crew Parents Association seeks to recognize persons who have either supported the Team through distinguished effort or substantial financial endowment by granting them naming rights for naming boats/equipment in their honor. This policy governs the procedure for such naming. Facilities encompassed by the Naming Policy include, but are not limited to boats, oars, trailers, and launches.
2. GUIDELINES FOR NAMING
Naming rights will normally not extend beyond the normal life of the equipment. Naming rights will normally remain in place for the life of the item.
2.2 Monetary value of naming rights
All equipment naming rights shall be determined by the Board of Trustees or its designee and may range from a set amount per piece of equipment to an auction awarding said right to the highest bidder. All collected monies will be placed into the general fund.
3. TERMS AND CONDITIONS
3.1 Negotiations for the naming rights for equipment may be initiated by the President, benefactor, or other interested parties.
3.2 Naming restrictions may include any current or prospective rower, current or future class, inappropriate name, competing team, or name deemed not in the best representation of the Crew Parents Association by the Board of Trustees. Current rowers, prospective rowers, family names may be used. The Board of Trustees shall have absolute discretion to reject any name, in which case the person obtaining the naming rights shall submit an alternate name for consideration.
3.2 When a proposal involves the use of the name of a living person, approval is contingent on the agreement of that person, with the exception of certain cases approved by the Board of Trustees in its sole discretion.
3.3 In the event that the flow of funds agreed to constitute an endowment ceases before the agreed time, the use of the benefactor’s name for equipment may be discontinued in the sole discretion of the Board of Trustees.
3.4 In the event of exceptional circumstances, at the discretion of the Board of Trustees, it is determined that the continued use of the name is not in the best interest of the Crew Parents Association, the Board of Trustees may seek removal in a manner it deems consistent with the Crew Parents Association governing documents. If the name is removed it is without recourse as against the CPA, Board of Trustees, officers or any of its members
3.5 Crew Parents Association reserves the right to remove any gift recognition as a result of the non-payment of a pledge, or the failure to fulfill the terms of a gift-acceptance agreement without recourse as against the Crew Parents Association, Board of Trustees, officers or any of its members.
3.6 Named equipment does not grant use or claim for use by any rower, coach or member of the Crew Parents Association for preferential treatment of said equipment.
3.7 This policy may be updated at any time at the sole discretion of the Board of Trustees.