Overview
- The university says the $100 million donation from alumnus Larry Gies is the largest in Illinois athletics history.
- Memorial Stadium, which turned 100 in 2024, was originally dedicated to U.S. service members, echoing the memorial intent of Gies’ gift.
- Gies is the founder and CEO of Madison Industries and previously gave $150 million in 2017 to rename the Gies College of Business.
- Illinois athletics has strong momentum, with football ranked No. 9 after a 10-win 2024 season and the men’s team reaching the 2024 NCAA Elite Eight.
- The announcement arrives as college programs navigate new athlete revenue sharing allowed by the House v. NCAA settlement with a $20.5 million cap this year.