 Called The Liautaud Graduate School of Business, it was named in their honor.The UIC MBA was founded in 1977, and the Liautaud Graduate School of Business at UIC was endowed in 2003, named for the Liautaud Family of Chicago.Jim Liautaud, a lifetime member of the University of Illinois Alumni Association, along with his wife Gina, and their son James John Liautaud, founder of the Jimmy John's sandwich franchise, provided a generous gift to the college.