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Chicago businessman Larry Gies and his wife, Beth Gies, have donated $150 million to the College of Business at the University of Illinois Urbana-Champaign campus. | Supplied photo

Chicago CEO donates $150M to U of Illinois business school

SHARE Chicago CEO donates $150M to U of Illinois business school
SHARE Chicago CEO donates $150M to U of Illinois business school

CHAMPAIGN — A Chicago businessman and his wife have donated $150 million to the College of Business at the University of Illinois Urbana-Champaign campus.

School officials said Thursday morning that the school will now be known as the Gies College of Business after the gift from Larry and Beth Gies. Both are University of Illinois graduates. Larry Gies said in a statement that the college is special to him and where he “developed a foundation for success.” He says the investment is about the students.

Larry Gies | Madison Industries

Larry Gies | Madison Industries

Gies is founder, president and CEO of Madison Industries, a privately held company that has owned or operated more than 100 businesses.

UIUC chancellor Robert Jones said the donation will let the school “significantly increase” investments in students, faculty and programs. The business school has more than 5,100 students.

Larry Gies with a group of business students. | Provided photo

Larry Gies with a group of business students. | Provided photo

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