Permission to rename a Managed Collection

Why is renaming/renumbering a managed collection granted through administrative permission instead of modify identity?  With modify identity on documents, the user can use the "Rename" action menu item... but for a managed collection it isn't there unless I grant administrative rights to the role.  Which I don't really want to do because I haven't researched enough to see what else would be granted.

I am using WC 12.0.2.18 (upgrading soon, so if the answer is 'hey, just move to WC 13.x'... ok, I can live with it for a few more weeks)