Capitol Federal Foundation donates $1 million to K-State business college project

Kansas State University’s building campaign for its College of Business Administration is receiving a $1 million boost from the Capitol Federal Foundation, Topeka.

“The economy of the past few years reinforces the need for our university business schools to graduate students well-trained in all aspects of business,” Capitol Federal chairman and CEO John B. Dicus said in a statement. “These graduates will be vital for companies to successfully compete in tomorrow's business environment.”

K-State plans to build a 140,000-square-foot facility with classrooms, a large lecture hall, computer labs, a financial research lab and an executive conference room. The plans also include dedicated space for entrepreneurship and sales education, according to a news release from the university.

The Capitol Federal Foundation was established to benefit the communities in which Capitol Federal operates. The foundation has a history of supporting K-State. It established the Capitol Federal Distinguished Chair in Finance that is currently held by the college's Anand Desai, and the foundation provides scholarships annually for business students.

Earlier this month, K-State announced a $1 million donation to the project from Jeff Gates, a New York City financier.