Former K-State, NFL player and wife make gifts to K-State

Kevin and Cheryl Lockett, Leawood, Kan., have made a commitment of $250,000 to Kansas State University to benefit the Lock-ett Up Foundation Excellence in Leadership and establish the Lockett Family Football Scholarship.

The former All-American wide receiver at K-State and his wife Cheryl established the funds, which will be realized in the future through the proceeds of a life insurance policy. About $175,000 from the policy will fund the Lock-ett Up Foundation Excellence in Leadership, which benefits the School of Leadership Studies. The fund will be administered at the discretion of the director of leadership studies, with preference for the Center for Leadership and Sport, if established and operational at the time the gift is realized. The remaining $75,000 will support the Lockett Family Football Scholarship. The recipient of the scholarship will be an undergraduate student enrolled in any curriculum and participating in varsity football at K-State meeting NCAA criteria.

“Our intent was to give to the areas that were special to our hearts. Kansas State football will always be special to us and creating future leaders is a part of our family’s mission,” said Kevin Lockett.

Kevin Lockett is a native of Tulsa, Okla. He is a 1996 graduate of K-State with a bachelor’s degree in accounting from the College of Business Administration. While at K-State he was a member of the varsity football team. He is a former National Football League wide receiver for the Kansas City Chiefs, Washington Redskins, Jacksonville Jaguars and New York Jets. Kevin Lockett is currently a manager of research and policy at the Kauffman Foundation in Kansas City, Mo.

Cheryl Lockett is a native of Cedar Rapids, Iowa. She is a 1995 graduate of St. Ambrose University with a bachelor’s degree in computer information systems and business administration. While at St. Ambrose she was the captain of the varsity volleyball team. She is a former network engineer with MCI WORLDCOM and is currently the vice-president of the Lockett-Up Foundation.

The Locketts have previously partnered with K-State to establish three $1,000 annual scholarships awarded to a multicultural student, a student athlete and a student enrolled in the College of Business Administration. In addition, the Locketts have provided support to K-State Libraries to help fund acquisition of materials used in the children’s literature curriculum and to create the Lock-ett Up Foundation Academic Learning Center in Hale Library.

The Locketts are members of Presidents Club, a KSU Foundation philanthropic leadership organization for friends and alumni of K-State, and the Land Grant Legacy Society, an organization for those who have made future gifts to K-State. They are also members of the KSU Foundation Board of Trustees. Kevin Lockett serves as a member of the board’s executive committee.

“The Locketts have shown true dedication to the advancement of student leaders at K-State,” said Susan Scott, assistant vice president, school of leadership studies. “Their gift will have a great impact on the future of the new School of Leadership Studies.”

Gifts of life insurance enable a donor to make a substantial future gift by making small premium payments over time. There are several ways to make a gift to K-State through life insurance: Donors may change the beneficiary of an existing policy, purchase a new policy or donate an existing policy, and transfer ownership to the KSU Foundation. The contract’s value and premiums, given to K-State through the KSU Foundation, may qualify for an income tax deduction. Upon death, the insurance proceeds go to the designated purpose set forth by the donor.

Philanthropic contributions to K-State are coordinated by the Kansas State University Foundation. The foundation manages fundraising efforts with alumni, friends, corporations and foundations to secure private support for the university.

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