Jon and Gretchen McGraw, Kansas City, Mo., have made a commitment of $500,000 to Kansas State University to establish the Jon and Gretchen McGraw Excellence in Leadership Studies fund and the Jon and Gretchen McGraw Football Scholarship.
The former K-State safety and his wife established the funds, which will be realized in the future, through the proceeds of a life insurance policy. Half of the proceeds will benefit the Jon and Gretchen McGraw Excellence in Leadership Studies fund, which will provide financial assistance to 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 other $250,000 will support the Jon and Gretchen McGraw Football Scholarship. The recipient of the scholarship will be an undergraduate student enrolled in any curriculum, participating in varsity football at K-State and meeting NCAA criteria.
“I was able to see Coach (Bill) Snyder’s leadership characteristics firsthand, and I am very excited about the leadership studies curriculum and everything it can offer to K-State students,” said Jon McGraw. “We’ve been given so much from the university and know that we are giving to a good cause — something that Gretchen and I are both passionate about.”
Jon McGraw is a native of Riley, Kan., He is a 2002 graduate of K-State with a bachelor’s degree in finance from the College of Business Administration. While at K-State he was a member of the varsity football team. Jon McGraw currently plays for the Kansas City Chiefs and has also played for the Detroit Lions and the New York Jets.
The McGraws 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.
“Jon and Gretchen understand that a leadership curriculum enriches a student’s education at K-State,” said Susan Scott, assistant vice president, school of leadership studies. “We are truly grateful for their thoughtful gift.”
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.