I can understand why someone might want to see this corrected, but to suggest that the error occured "through lack of research, misinformation, or just plain ignorance," seems a bit mean-spirited to me.  I can think of several other ways the name might have been wiritten incorrectly, and while they all involve someone making an error, I doubt anyone was trying to change the name of the school. 

Why do people find it necessary to climb on some high horse just because they notice someone else made a mistake? To recognize that an unintentional mistake has been made is one thing, but to hurl insults and then say, "let's have it correct on the monument," reaks of self-absorption.  Do you, Mr. Stewart, never make an occasional error in writing?   Do you expect others to gently correct you, or would you prefer they jump on you like flies on...well...you know?   Because that's what you did here.