A Des Moines, Iowa, couple have donated $1 million to Kansas State University to help pay for a new building for the College of Business Administration.

The school says its proposed building plan has 140,000 square feet of space, with tiered classrooms, a large showcase lecture hall, labs and an executive conference room.

Stephen Lacy graduated from Kansas State with a bachelor’s degree in accounting in 1976 and a master’s in business administration a year later. He is chairman and CEO of Des Moines-based Meredith Corp., which has publishing and broadcasting offices across the U.S.

Cathryn Wiltfong Lacy graduated from Kansas State in 1979 with a degree in dietetics and institutional management, and earned a master’s degree at Drake University in Des Moines in 1986.