Topeka The new Kansas University School of Business building will be named Capitol Federal Hall.
The name was approved by the Kansas Board of Regents on Wednesday.
KU Chancellor Bernadette Gray-Little said the Capitol Federal Foundation has donated $20 million to the building’s construction.
Capitol Federal Savings in Topeka is led by Chairman, President and CEO John B. Dicus, who graduated from the KU business school in 1983 and then earned an MBA there a year later.
His father, John C. Dicus, a former Capitol Federal chairman, earned his degree from KU’s business school in 1955.
The four-story, $65.7 million building across Naismith Drive from Allen Fieldhouse will replace the 55-year-old Summerfield Hall and is expected to be finished in time for the 2016-2017 academic school year.
KU officials say it is common to name buildings after major donors, whether they are individuals or foundations.
“While the Dicus family has certainly been wonderful supporters of us, the gift comes from the foundation so it makes sense to have the foundation’s name on the structure,” said KU spokesman Tim Caboni.
James Guthrie, a distinguished professor of business at KU and co-chairman of the planning committee for the new building, said it was “no secret” that the building would have “Capitol Federal” in its name, given the foundation’s donation.
Drew Harger, a KU student in finance and accounting, said of the building’s name, “I think it’s really fitting.” He added that the Capitol Federal Foundation’s donation “really made the new business school building possible.”