ˈmentôrSHip,ˈmentərSHip
noun
- The guidance provided by a mentor, especially an experienced person in a company or educational institution.
"He is revered by his employees for his mentorship and problem-solving qualities"
- A period of time during which a person receives guidance from a mentor.
"a two-year mentorship with an entrepreneur in a tech start-up" [Google]

Informal mentoring takes place anywhere, any time. Formal examples of mentoring at Webster University follow.