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Peyton Manning announces $3 million leadership commitment to UT

In honor of Gus Manning and Carmen Tegano, Peyton Manning and his wife Ashley announced they will make a $3 million leadership contribution to the University of Tennessee, which will benefit Tennessee's football program and the Peyton Manning Scholarship Endowment.

The scholarship, which was awarded annually beginning in 1998, is a four-year scholarship for first-year students participating in Tennessee's honors program, granted for those who show exemplary academic achievement, leadership and community service.

"We are grateful for the opportunities we have had to give the gift of an education to deserving UT students every year through the scholarship program," Manning told UTsports.