If I have that kind of money, I am sorry. I wouldn't rename a building after myself or my family. I would pick a name honoring individual(s) that have made a huge impact in people's lives in the state and the world.
However, with that kind of money, I would focus my largesse on larger worthy causes other than sports. I will also donate to Gopher Athletics, but make it a matching fund donation.
I would create a foundation to build and support low cost or free med hometel tied to the University Hospitals and Cancer Centers. They are very much needed. Maybe somehow it can be tied into a fund generating vehicle for cancer family support and/or cancer research foundation.
IMHO, every family is touched by cancer. It is very devastating to families especially those who are less financially well off and having to travel a long way. I feel their stress, their heartbreak, and their pain.
Almost a dozen years ago before my older sister died of cancer, I visited the U hospitals regularly. She spent a good part for her remaining life there for treatments.
It was gut wrenching to see whole families from rural MN and out of staters sleeping in the guest waiting area or whatever is made available to them. They couldn't afford the cost of hotels for longer stays. Some don't have relatives or friends in town that they can rely on. They need more places like the Ronald McDonald's House.
The nurses, counselors, social workers, volunteers, and other care givers who work with these families are angels. I could see the pain in peoples faces. I could see the nurses in tears. To my sister and I they were our family. We need more of them and would support free tuition scholarship for people going into these fields like oncology nurse, social work, counseling, psychologist, etc... Also, a foundation is needed to put more money into these causes.
If I had that kind of money to throw around, I would do that. But, I don't want my name on any building or foundation.
I would also do what the co-founder of Home Depot Ken Lagone and his wife did. They donated $100 million to an initiative for free tuition for doctors especially in general practice, OBGYN, and pediatrics.
These doctors don't make money like the orthopedic surgeons. The over burdensome tuition cost is creating shortages nation-wide. Many GPs are leaving the practice in droves over the last two decades. If someone was to go practice in a rural community, I would pay off their tuition 100 percent.
We need to change the sense of the country/world from "me first" to caring and empathy for others. A sense of community of caring for fellow man. IMHO, something really changed over the last forty years as the world becomes more crowded. If you have to give a penny to every person on earth, you will need $75 million dollars! Yes, 7.5 billion souls. That is how many people people there are.
That is my $1 billion dollars worth.