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Gies is the founder and CEO of the
Chicago-based global investment company Madison Industries. He
is making the gift in memory of his late father, Larry Gies Sr.,
a United States Army veteran.
Memorial Stadium, which turned 100 years old in 2024, originally
was named in honor of the men and women who have served in the
U.S. armed services.
“This gift is about honoring my father, a true patriot, and
every brave soul who has worn or will wear the uniform to defend
our country,” said Gies. “With this investment, we can ensure
that this stadium continues to be a place where their sacrifices
will never be forgotten — and a shining light for every American
who protects our freedom in the future.”
The Illini football program has been on the rise under
fifth-year coach Bret Bielema. The team is No. 9 in this week's
AP Top 25, its highest ranking since 2001. The 2024 team won 10
games, including the Citrus Bowl.
The men's basketball team reached the 2024 NCAA Tournament Elite
Eight and recorded its sixth straight 20-win regular season in
2025. The women's basketball team has made the NCAA Tournament
two of the last three years.
“Larry Gies is a visionary leader who invests in people and
organizations that impact the world around them,” athletic
director Josh Whitman said. “I want to thank him for his belief
in Illinois Athletics and the ability of our program to change
the lives of our student-athletes, to advance the mission of our
broader university, and to uplift the many people and
communities connected to our program, both directly and
indirectly."
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