Gwai Lo Dan
3rd Black Belt
... if you're going to be doing demonstrations and tournaments to represent the school it's only right to have gear that has the school name on it.
I was actually talking about buying standard equipment (i.e., without a school logo) from the school. Having the school name on it is even worse in my opinion, as another school will be even less likely to allow the student to use their own equipment rather than buying it from the school.