Through this award, Driehaus hoped to give momentum to the movement seeking to return beauty into the built environment and moving the profession toward his classical vision: I had been looking with interest at architecture for some years and had already concluded that, given the work done in the last 50 years, we Americans deserved better buildings. Admission to the Freedom of the City of London, 2012 Driehaus acquired Stauntons on the Green, which backs on to the Iveagh Gardens, in 2017, and it now has an abundance of that mysterious power he described. St. Xavier University Millennium Park, Inc. It has ranged from development of a financial literacy program to help low-income families learn how to create and preserve wealth, to an initiative sponsored by South Shore Bank to develop Individual Development Accounts which dollar-match low-income families saving plans. Requiescat in pace, Richard Driehaus (1942-2021). The Richard H. Driehaus Museum explores the art, architecture, and design of the late 19th-century with a focus on the Gilded Age. A savvy businessman, who as a teenager began his investment education after losing $1,000 in the stock market he earned from a paper route, according to a Chicago Sun-Times article. Alanna Gallagher. Order of Lincoln Award, The Lincoln Academy of Illinois, 2017 The Richard H. Driehaus Foundation also partners with the John D. and Catherine T. MacArthur Foundation to provide general operating support to arts and cultural organizations in Chicago. Chicago, IL 60601 Two years later he became the youngest portfolio manager and was ranked among the top 1% of the portfolio managers measured by the A.G. Becker Fund Evaluation Service. His 2019 version with a James Bond theme and an appearance by Diana Ross was a particular hit. Distinguished Service to the Dance Field Award, Audience Architects, 2016 Fly!". Listing Agent: Tina Culver of Sergio & Banks; 773-235-6100 and tina@sergioandbanks.com. The Trust for Public Land, CLASSICAL ARCHITECTURE I bought it for $3.7 million at RM Sotheby's in 2015. Mr. Driehaus' success began in 1968, when he started his employment at A.G. Becker, where he worked in the Institutional Trading Department. I want those most of all. See full bio More at IMDbPro Contact Info: View agent, publicist, legal on IMDbPro Quick Links Biography Awards Photo Gallery Filmography (by Job) Trailers and Videos Explore More Do You Recognize These Rising Stars? Preoccupied with his career, Driehaus married in his early fifties. The capital management business is in a Romanesque building at 25 E. Erie St. Mr. Driehaus lovingly preserved the Chicago landmark, originally home to a 19th century railroad magnate. He always had a strong aesthetic sense, Dorothy Driehaus Mellin, the elder of his two sisters, told Chicago magazine. Richard Driehaus knew what he liked in stocks, classical architecture, the performing arts, parties and old cars. Chicago magazine newsletters have you covered. The 1,000-strong parties attracted a whos who of Chicago philanthropy, culture and media circles and would officially open with a grand entrance from Driehaus and his beloved offspring, usually with Driehaus driving one of his fleet of vintage automobiles. She was 99. Posted in: Driehaus College of Business / Mr. Driehaus' success began in 1968, when he started his employment at A.G. Becker, where he worked in the Institutional Trading Department. Congress For The New Urbanism Friends of the Windows He was 78. In 2012, DePaul was very proud to rename its College of Commerce the Richard H. Driehaus College of Business in recognition of the remarkable commitments he made to DePaul University and the larger business community, he said. Friends of the Chicago River We greatly appreciate the generous support to education and development! Inspired Partnerships While most of its period features remain resolutely Georgian, the decor is inspired by the Jazz Age, meticulously undertaken by the decorator Nigel Howard, with many pieces supplied by the antiques dealer Niall Mullen. He credited the sisters with teaching him that you have to continue to learn your whole life, you have to be responsible for your own actions, and you have to give something back to society. Afterwards, he went on to St. Ignatius College Prep and DePaul University. In 2020, Driehaus gave more than $2.3 million in general operating funds to arts and culture organizations, also operating as a delivery pipeline for the MacArthur Foundation, which has long sent . Switch to the light mode that's kinder on your eyes at day time. Inese Romanovska Driehaus is asking $4.9 million for the six-bedroom, 8,400-square-foot mansion built in 1895 on North State Parkway. It has since grown in reputation to gain status as a premier award in architectural circles, even as architectural elites continue to shun, and often even hold in contempt, the classical tradition. He talked about his experiences at DePaul and shared some of his thoughts about investing. The Driehaus Prize started out as a little adventure when an old friend suggested I visit the University of Notre Dame, the Chicago philanthropist recalled, I was astounded to learn that yours was the only college teaching classical architecture in the country. The work of traditional architects and urbanists ought to be rewarded, uplifted, and celebrated, Driehaus thought, as only then could the winds in the architectural profession begin to shift. Over the years, he came to understand that maximizing the impact of donated dollars can be more challenging and more fulfilling than earning those dollars. Your birthday parties at your Lake Geneva home are legendary. From the outset, Mr. Driehaus was motivated to make a difference. I spent six years in grade school and high school delivering the Southtown Economist. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your account data and we will send you a link to reset your password. Local Initiatives Support Corporation We are committed to a culture of community, corporate social responsibility and employee engagement. He was a man from another era, says Ray Byrne, a director of Nhance, which runs Stauntons and Number31. Billionaire J. Christopher Reyes and his wife, Anne, have been revealed as the buyers of a Lake Geneva mansion once owned by late financial executive Richard Driehaus. It is past time for a rebalancing that reflects American interests. For all his success in Wall Street, Mr. Driehaus cherished the outlook and friendships Chicago bestowed. Designs 4 Dignity Sale Price: $1.5 million Distinguished Philanthropist Award, Association of Fundraising Professionals, 2009 All of these, and many, many other organizations, have been a beneficiary of the generosity of Richard H. Driehaus. His passion for investing continued and he grew to become the legend and pioneer we all know today. Please if you have any form of concern, suggestions or query as regards this publication, kindly contact us. Throughout his life in the spotlight, Driehaus often pointed to his Roman Catholic roots as a guide to his philanthropic endeavors (and we may speculate, to some degree, his aesthetic sensibilities). Driehaus' obituaries do not mention her, and Crains could not determine whether the couple divorced or were still married at the time of the financiers death. Driehaus' success as a momentum investor. Richard Driehaus loves a party almost as much as he loves historic architecture. You may hear many locals refer to it as the Driehaus Estate. Richard H. Driehaus made his first philanthropic gesture in 1983, when he established the Richard H. Driehaus Foundation. After one organization dedicated to preserving and maintaining houses of worship went under, Driehaus carried that mission forward in 2008 by funding a Chicago office for a national organization with a similar mission, Partners for Sacred Places. 700 South DesPlaines Street, Chicago, IL 60607 (312) 697 1103. A. Gabriel Esteban, president of DePaul University, expressed his condolences in a statement Wednesday, referring to Driehaus as an inspirational member of the DePaul University community who devoted so much of his lifes focus to the university and our students.. I was fortunate to begin my career with Richard 20 years ago, Eli Boufis, co-founder and executive principal of Driehaus Private Equity, said in a statement. A life so beautifully lived deserves to be beautifully remembered. %privacy_policy%. Andy Shaw, the BGAs former president, said a series of meetings and a lovely dinner over a couple bottles of wine in 2010 resulted in a $1 million donation, the organizations largest ever. One of many lessons he would impart onto those fortunate enough to cross his path. Richard is a Chicago legend and icon a great rags-to-riches, neighborhood-kid-makes-good success story, and one of the most generous and eclectic philanthropists in Chicago, Shaw said. Emerging Markets Small Cap Equity Strategy. She also formerly served on the Hamilton County Democratic Executive Committee, and was influential in electing Cincinnati politicians like Todd Portune, David Crowley, Dwight Tillery and John Cranley . Around age 10, Driehaus recalled, his mechanical engineer father commissioned an architect to design a Queen Anne-style home for the family, made of detailed stone and brick, with a pointed roof. The family owned a lot in the Beverly neighborhood they hoped to build their new home on. A hard worker since his youth as a newspaper carrier, he attained a life of privilege without forgetting how to have a good time or help others. From Old Town School of Folk Music to the Sherwood Conservatory of Music. We are devoted to carrying on Mr. Driehaus legacy and will do our best to continue to grow the countless gifts he has given us. The Richard H. Driehaus Museum explores the art, architecture, and design of the late 19th-century with a focus on the Gilded Age. Richard Driehaus, the founder of Chicagos Driehaus Capital Management and namesake of the Driehaus Museum and DePaul Universitys Business School, died Tuesday, according to Driehaus Private Equity. He lives in the Gold Coast with his wife and has three daughters, 21, 19 and 1 (yes, 1). In 1983, he founded the Richard H. Driehaus Foundation, and by the end of the decade made his first foray into the foundations primary focus, the built environment, with a donation to a Chicago organization, Friends of the Parks. In 2013, the Driehaus family supported the project "Solutions corresponding to requirements of 21st century education to meet the needs of future science (physics, chemistry, biology) and mathematics teachers and talented pupils at the UL. This New Urbanism series is supported by the Richard H. Driehaus Foundation. Chicago businessman, collector, and philanthropist Richard H. Driehaus acquired and established the Richard H. Driehaus Museum. Sale Price: $1.5 million Mr. Driehaus enthusiastically supported programs preserving history, cultural heritage and historic structures as well as economic and educational initiatives. He married when he was in his early 50s; the marriage ended in divorce. It only works when its open, said Eli Boufis, who worked with Mr. Driehaus for 20 years and with him started Driehaus Private Equity. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Dibs on shotgun! Click below to see everything we have to offer. Canal Corridor Association Our deepest condolences and heartfelt prayers are with his family. Missing Crain's in print? This New Urbanism. Preservation Society of Newport County Award for Excellence in Architectural Stewardship, Society of Architectural Historians, 2016 Click here to get the full experience on your screen. . A wooden desk that had previously served as the counter at Mitofsky antiques in Terenurenow sits in the room Driehaus had planned to stay in upon his return to Dublin last March. Eager to help students at St. Xavier University learn about the service industry and running businesses, he donated to the school a Mount Greenwood pub, Gilhooleys, along with the shopping plaza containing it. In our community Richard Driehaus' name is synonymous with philanthropy, historic preservation and for throwing sensational summer birthday parties. In . ACG Chicago Lifetime Achievement Award, Association for Corporate Growth, 2017 We have been an awardee of the Foundation for 30 years + Our thoughts go to the family and to the greater arts and culture community who were beneficiaries of Mr. Driehauss gifts. He told the Chicago Sun-Times in 1996 that he saved $1,000 from his paper route in Brainerd on the citys Far South Side and, at 13, invested in stocks recommended by financial columnists. s coverage of cities, urbanism, and place. Unity Award, Frank Lloyd Wright Unity Temple Restoration Foundation, 1995, ARCHITECTURE Click below to see everything we have to offer. We're thrilled to announce Mr. Driehaus imparted the opportunity to continue our mission and support the Chicago design schools. Richard Driehaus: The problem is theres no poetry in modern architecture. Photograph: Paul Sherwood. Are you planning to take it on a road trip first? A devoted philanthropist as well, he saw philanthropy as a form of inquiry. The mews, once the home of the brutalist architect Sam Stephenson, includes an era-defining conversation pit. Other laureates have included Andres Duany and Elizabeth Plater-Zyberk (2008), the husband-and-wife team behind the new urbanist Seaside, FL, plan; Quinlan Terry (2005), the English architect behind, among many other works, the Maitland Robinson Library at Downing College, Cambridge; and Ong-ard Satrabhandhu (2020), a Thai architect known for blending Eastern and Western traditional architectural forms. Landmark Preservation Award, Landmarks Illinois, 2002 More recently, he sponsored the Rafael Manzano Prize for New Traditional Architecture, dedicated to recovering and promoting Spanish and Portuguese architectural traditions. Mr. Driehaus founded Driehaus Capital Management LLC in 1982. In 2012, he announced a gift to enhance the academic programs of DePauls 100-year-old College of Commerce. National Trust for Historic Preservation Childrens Memorial Foundation. The Illinois State Rifle Association lawsuit appears to be the first in federal court to challenge Illinois new weapons ban, but it is part of a burgeoning legal effort aimed at undoing the new law. We encourage you all to respect the dead and accord the family heartbroken with the loss of a cherished one, some privacy as you leave a message in the comment session. Richard Driehaus, Stock-Market Daredevil, Preserved Traditional Architecture Chicago fund manager, who has died at age 78, arrived at one of his parties on an elephant's back Fund manager. Distinguished Service Honoree, Lawyers for the Creative Arts, 2009 His two marriages ended in divorce. Phone: (708) 448-6000. Cause of death Details of the circumstance surrounding our beloved, Richard Driehaus death are not public yet, we will share more as we learn. The preservationist thoroughly restored the Nickerson Houseone of Chicagos last Gilded Age mansions and one of the most important existing examples in the countryto its former glory andopened it to the public in 2008 as the Richard H. Driehaus Museum, which displays the art and decoration of the Gilded Age and Art Nouveau periods. RIP Richard Dreihaus. R. Driehaus founded his world-renowned investment corporation Driehaus Capital Management LLC in 1982 and continues to run it to this day. From modest beginnings to being named by Barrons as one of the 25 most influential individuals within the mutual fund industry over the past 100 years, he never forgot his roots. According to the Cook County Recorder of Deeds, the sellers were trusts named for Caroline and Tereza Driehaus, as well as the Richard Driehaus 2001 Childrens Trust. Within the investment management industry, he earned a reputation for posting top investment results and for building an enduring boutique investment management firm that bears his name. Legendary Landmark Award, Landmarks Illinois, 2009 Your email address will not be published. After the house went on the market December 20, it received four bids, all above the asking price. He was involved in a plan for economic revitalization of Charlotte Amalie, the historic downtown and waterfront of St. Thomas. Later on, when his father developed Alzheimers, Driehauss mother had to go back to work as a secretary. Built in 1872 or 1873 by the Chicago brewer Frederick Wacker (a partner in the Wacker & Birk Brewing Company), the house was remodeled by his son and successor Charles Wacker, the civic leader after whom Wacker Drive is named. Thank you for all you have done to make Chicago beautiful. Here you'll find all collections you've created before. Restore America Hero Award, National Trust for Historic Preservation, 2008 In addition to his daughters, Tereza, Caroline and Kate, survivors include two sisters, said Stasi Radaios, administrative assistant at the private equity firm. Read the. It's a. At the $1.5 million sale price, the trusts took a 21 percent loss on the home, not counting any investment that had been made over the years in renovations. Trending. Richard Driehaus declined to comment, but Tina Culver, the selling agent, confirmed that his two daughterspictured here with their father in 2009did live in the home, which is in the Old Town. Funding of economic opportunity initiatives is focused primarily on programs to benefit people living in poverty. Mayslake Marmion Ministries In 2000, Barrons named him to its all-century team of 25 individuals it identified as most influential in the mutual fund industry. Dreyfuss and Russian-born Svetlana Erokhin married in 2006 and as of February 2020 they live in San Diego, California, [51] although they have frequently visited New York City, London, and Sun Valley, Idaho, [52] where Dreyfuss once lived. Orthodox Christian hockey star declines to don team LGBT Pride gear out of religious conscience, Michael Warren Davis on how his generation has no stable sense of reality. Tuesday through Friday, 10 a.m. to 5 p.m.; Saturday, 10 a.m. to 4 p.m.; Sunday, 1 to 5 p.m. . Philanthropist Richard Driehaus speaks at The Metropolitan Club in the Willis Tower in 2017. I believe architecture should be of human scale, representational form, and individual expression that reflects a communitys architectural heritage . There is a delight, proportion, and harmony in classical architecture that I wasnt finding in the contemporary buildings coming up around me in Chicago. The Art Institute of Chicago Mr. Driehaus had a strong personal interest in design excellence and historic preservation. The Property: Trusts in the names of the two daughters of the financial whiz and philanthropist Richard Driehaus have sold a storybook-style Italianate Victorian that they had owned since 2001. He said Mr. Driehaus had suffered a cerebral hemorrhage the night before at his home. In 2014, Mr. Driehaus gave a speech at DePaul University, his alma mater. What sparked your interest in architecture? The Business Idea Foundation is the first grant fund for students in the Baltics. Richard Driehaus probably isn't a household name with individual investors, but he is considered by many to be the father of momentum investing. The asking price is nearly 22% below the 2012 purchase price. We live such fragmented lives in this modern world, he said, commenting on his efforts to preserve the community peculiarities and 19th-century fabric of Chicago. [15] The couple had two daughters. Having grown up in the Catholic faith, with Christian values, he appreciated the significance of a Catholic education. His family was lower middle-class, rarely with much disposable income. Driehaus visited the Francis Street shop and selected many of the pieces personally. Partners for Sacred Places The American Ideas Institute is a nonprofit, non-partisan 501(c)(3) organization based in Washington, D.C. 2022 The American Conservative, a publication of The American Ideas Institute. Our culture 16 number of charities employees have supported over the past two years Chicago-based firm with a 35+ year heritage of servicing professional investors. Benjamin H. Marshall Prize, Benjamin H. Marshall Society, 2008 Menu. Landmarks Illinois Legacy invites you to offer condolences and share memories of Richard in the Guest Book below.. Its on a museum, a foundation, an architecture prize, a fashion competition, numerous academic buildings and programs, and on awards celebrating historic preservation and the Chicago bungalow. When they put the house on the market in December, they were asking just 68 percent of the 2001 purchase price, but it sold for more than they asked. In 2004 he made a most unusual gift to St. Xavier University on Chicagos southwest side donating Gilhooleys Grande Saloon to the school, along with the entire shopping center in which it is located. Honorary Doctorate, DePaul University, 2002, CORPORATE CITIZENSHIP You get so much light, Schwartz said. RIP Richard Driehaus. His bachelors (1965), masters (1970) and doctoral (2002) degrees in business have been received at DePaul University, Chicago, USA. (Driehaus would also cite it as the reason for his purchase of a Queen Anne rowhouse in the Gold Coast neighborhood, his residence of many years.) Corporate Honoree, Youth Advocacy Awards, UCAN, 2010 Philanthropist Richard Driehaus speaks at The Metropolitan Club in the Willis Tower in 2017. How did your childhood affect who you became? (Matt Sayles/AP). The Property: Trusts in the names of the two daughters of the financial whiz and philanthropist Richard Driehaus have sold a storybook-style Italianate Victorian that they had owned since 2001. Inese Driehaus is known for Grey Lady (2017). University of Notre Dame School of Architecture, RELIGIOUS A unique soul with a great personality has an amazing sense of humour, diligent and caring. Trustee Award, Chicago Architecture Foundation, 2009 Please join us to mourn the passing of Richard Driehaus. He was 78. At one such party he arrived dressed as a ringmaster and riding an elephant. He told a City Club of Chicago audience in 2016, In New York, Im just another successful guy. He ended up owning several, including a Lake Geneva estate that became another preservation project. Round I", implemented by the UL Faculty of Physics and Mathematics Education Centre for Natural Sciences and Mathematics. The buyers are not yet identified in public records. Richard Herman Driehaus (1942) was born in Chicago, USA. Like everything else in his life, Richard earned his place among the most successful fund managers.. Shield of St. Xavier Award, Saint Xavier University, 2006 E-mail oureditor Now fly! Were trying to be realistic about market conditions, said Connie Atterbury, who is representing the house with fellow Dream Town Realty agent Karen Schwartz. He was the architect of the firms growth equity investment philosophy and was the firms Chairman. Chicago Architecture Foundation Five, including my primary residence. He was also highlighted alongside legendary investors Warren Buffett, Sir John Templeton and Ben Graham in the book: The Worlds 99 Greatest Investors by Magnus Angenfelt. *. Richard Driehaus obituary is not public at the time, we will share more as we learn about the obituary and possibly funeral. The Spanish Ministries of Industry and Culture and the Spanish College of Architects are also collaborating on this initiative. A presentation of a bouquet of flower is a special way of showing youre thinking of them and their loss, as the bright colours reflect the personality of the passed loved one. Chicago will miss you more than words can express. In 2012, also working with the University of Notre Dame, he established the Rafael Manzano Martos Award for Classic Architecture and Restoration of Monuments. You cant make an impact in New York. The sale closed January 6, and it was a cash deal. But in Chicago, you can because its big enough and its small enough and people actually get along enough a line that drew cheers. Atterbury said the seller moved to Lincoln Park last year. Driehaus was born and raised on Chicagos Southwest Side, where he grew up in a classic octagon-front bungalow in the Brainerd neighborhood. I bought one of 16 reproduction pairs of Dorothy's ruby shoes, issued for the movie's 50th anniversary in 1989, and pieces of costumes from munchkins and guards. Get the best business coverage in Chicago, from breaking news to razor-sharp analysis, in print and online. I thought money wasn't an issue because my dad was a mechanical engineer. I noticed the different styles of homes and whether they had a nice tile or slate roof instead of shingles, and whether they were lined up along the block neatly, with an even setback. Richard H. Driehaus Founded Driehaus Capital Management LLC. The listing sheet for the house said it has 13-foot ceilings, four fireplaces, a four-car garage, and a separate coach house. degree in 1965 and an M.B.A. in 1970. Mr. Driehaus first exposure to DePaul University was as an undergraduate business student. Archi Treasures Mr. Driehaus was a Life Trustee of the school. Mr. Driehaus strongly believed in giving individuals the chance to create their own success. E-mail oureditor He also supported St. Ignatius College Prep and St. Margaret of Scotland parish. Switch to the dark mode that's kinder on your eyes at night time. Benjamin Marshall Society The problem is theres no poetry in modern architecture, Driehaus said on the topic at the time, according to Chicago magazine. Hauenstein Center for Presidential Studies (Eisenhower Memorial) This New Urbanism series is supported by the Richard H. Driehaus Foundation. His path and personal story were larger than life, and the impact he made as an investor is perhaps only rivaled by the extensive legacy he left as a philanthropist. Hiding in the school toilets to avoid the humiliation of having no one to hang out with still haunts me, Bamford and Gnonto both at the double as Leeds hammer Cardiff in FA Cup replay, Olises free-kick frustrates Manchester United in Selhurst Park draw, Josepha Madigan reported verbal abuse by man near her home after exercise class, Former chief justice John Murray dies aged 79, The Irish Times view on the abuse women politicians face: dangerous and intolerable. 22 % below the 2012 purchase price '', implemented by the Richard Driehaus... The Brainerd neighborhood of Music @ sergioandbanks.com man from another era, says Byrne. The academic programs of DePauls 100-year-old College of Architects are also collaborating on this.. 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