
Larry Gies on $100 million Donation to Illini Athletics: ‘I’m investing in Josh Whitman’
Eight years ago, Larry Gies told Illinois AD Josh Whitman he’d never donate to Illini athletics. In 2025, Gies has his name on Memorial Stadium after a $100 million gift.
By Matt Stevens - IlliniGuys Football Writer/Analyst
September 12, 2025
CHAMPAIGN, Ill. — Maybe the lesson for the several Gies School of Business students in attendance on the Memorial Stadium field Friday afternoon was the idea of never using the word ‘never’ in negotiations.
About a year into Josh Whitman being the athletics director at the University of Illinois, he sat across a dinner table from Larry Gies in 2017 as the billionaire alum made a directly awkward promise.
“I told him ‘Josh, I just want to be honest with you that I will never give any money to University of Illinois athletics’. True story,” said Gies, a billionaire booster and CEO of Madison Industries.
Approximately eight years later, Gies found himself standing in front of a block ‘I’ podium talking about his $100 million gift to Illini athletics that will fund a future renovation to a stadium that features a permanent name change to ‘Gies Memorial Stadium’.














