Man of Vision Award, Midwest Eye-Banks, 2003 After three unsuccessful previous runs for public office, the former Chicago Public Schools chief takes his tough-on-crime message to the citys mayoral runoff. January 26, 2022. Richard Driehaus outside the Driehaus Museum in 2012. His initial fling in the market bombed, but he went on observing at St. Ignatius College Prep (which since has benefited from $1.2 million in Driehaus largess) and added an MBA from DePaul University. 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. "He sat down and wrote a check. 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. Old Town Triangle House Sold by Driehaus Daughters Trusts, 2020 Chicago magazine / A Chicago Tribune Media Group website. [43] Driehaus donated $30 million to DePaul University in 2012the largest gift DePaul has ever received. He sponsored the international contest to design the McCormick Tribune Campus Center at the Illinois Institute of Technology. He said open-mindedness informed Mr. Driehaus lifelong success in investing and his embrace of new products and technology. Chicago Architecture Foundation Mar 21, 2021. The summer garden parties at his lakeside mansion in Lake Geneva, Wisconsin, were legendary affairs, often compared to scenes from The Great Gatsby.. The Archimedia Workshop Frank Schulterbrandt, EDC director at the time of the Treasury debacle, told the Source that despite his company being an EDC tax beneficiary, Driehaus, paid hissizable personal income taxesin the territory. Inese Driehaus, Actress: Grey Lady. In addition to his daughters, Tereza, Caroline and Kate, survivors include two sisters, said Stasi Radaios, administrative assistant at the private equity firm. Coming Thursday:Creed III and Operation Fortune: Ruse De Guerre, Photo Focus: Dominican Republic Independence Day Parade Back in Full SwingOn Sunday, the Dominican Republic Independence Day Parade was back in full swing in the town of Christiansted, St. Croix. In his trading room, brokers huddle before computer terminals under the light of vintage chandeliers. A legend as an investor and donor, Richard Driehaus dies at 78, Rosario Ibarra, Mexicos champion of the disappeared, has died at 95, DJ Kay Slay, hip-hop pioneer, dies of COVID-19 at 55, Hollis Resnik, acclaimed Chicago stage actress, dead at 66, Bob Chinn, founder of famed Wheeling crab house, dead at 99, Liz Sheridan, played Jerrys mom on Seinfeld, dies at 93, Pandemic-delayed memorial planned for Jan Bach, prolific composer who taught at NIU, Lightfoot is out, Vallas and Johnson are in the April runoff, Analysis: How Lightfoot went from political rock star to rock bottom, Patrick Kane leaves Chicago with clear legacy: Blackhawks greatest player of all time, Mayor Lori Lightfoot was in a fight she couldnt have won, Progressive leaders can blame themselves if Garcia or Johnson fail to make mayoral runoff, Cubs Dansby Swanson, Nico Hoerner pairing off to a smooth start, Runoff routes: Vallas and Johnson to map different roads to the mayors office, Fresh on the runoff trail, Johnson vows to provide what the families want not rivals failed politics of old, Rejected before, Vallas aims to win over a city in crisis promising to get it back on track, Chicago police officer dies after shooting in Gage Park; suspect wounded. The IIT campus is a supreme icon of modernism, designed in its formative stages by Ludwig Mies van der Rohe. And that's just a start, apparently. 3 takeaways from Chicago Cubs camp, including Hayden Wesneski making his pitch for the last rotation spot, Chicago police officer fatally shot on Southwest Side in exchange of gunfire: officials, Chicago police Superintendent David Brown to exit CPD this month in the wake of mayoral election, Do Not Sell/Share My Personal Information. Now the house preens in latter-day effulgence, the lacquered fancy of a self-made multimillionaire of our time, Richard H. Driehaus. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. Unity Award, Frank Lloyd Wright Unity Temple Restoration Foundation, 1995, ARCHITECTURE Eventually, he took up residency and advantage of the Economic Development Commissions tax benefit program, at a time when the EDC had begun to move from a product or manufacturing development driver to a more financial management and tourism-based program. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Driehaus often pointed to his Roman Catholic roots as a guide to his philanthropic endeavors. This underscored his appreciation of architecture that denotes place by reaching back to historic precedents. Closer to his Virgin Islands home, he fed his penchant for the Wizard of Oz and love of pirate tales with a twice nightly display of colored lights through a waterfall on his property overlooking Charlotte Amalie harbor complete with a hologram of the wizard and accompanied by the 1812 Overture, which ran until the 2017 hurricanes. He had $50,000 or $100,000 in mind. A unique soul with a great personality has an amazing sense of humour, diligent and caring. [9], He has also given to smaller dance and theater groups in Chicago, such as the Chicago Shakespeare Theatre, Hubbard Street Dance Company, Pegasus Players, Poetry Society of America, Trinity Irish Dance Company, and Redmoon Puppet Theater. [16][17] In 2010 Richard Driehaus married Inese Romanovska, of Latvia. St. Xavier University Sign up for. . Admission to the Freedom of the City of London, 2012 "I can show you tons of letters--kids writing how pleased they are with their school," she says. Archi Treasures 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. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. The mansion garden stops passersby in their tracks at North Wabash Avenue and East Erie Street. In 2006, Driehaus Capital Managementpulled up stakesin the V.I. His faith was important to him--"although I'm not Mother Teresa." We are in the City Rampant, someplace between Centuries 19 and 21. "A lot of stuff today is just gratuitous. Even the wealthy need new dishes, apparently. Today, it manages $13.2 billion through its mutual funds and other accounts. He collects misty paintings and sculptured nymphs and velvety period furnishings, stamps and paperweights and clocks and who knows what else on a warehouse scale. Driehaus thought about it. ", Select pages archived through Google Books, "The Greater Gloy Campaign: Richard Driehaus 60 meets the campaign head on", "Richard H. Driehaus, Champion of Classic Architecture, Dies at 78", "Inese and Richard Driehaus - Friends of the University of Latvia", "Richard Driehaus plans a summer wedding on top of regular bash", "Gold Coast mansion associated with Driehaus is sold at a huge loss", "Driehaus, 78, renowned financier, philanthropist", "Richard H. Driehaus Obituary - Visitation & Funeral Information", "Classical act Greenberg becomes first American to claim Driehaus Prize. Legendary Landmark Award, Landmarks Illinois, 2009 Community Foundation of the Virgin Islands You sit caked in velvet. From Boys and Girls Hope, to the Boys and Girls Clubs. News stories around Chicago in the wake of his passing were full of examples of Driehauss largess. ", And he confides: "I don't want a lot of angst. degree in 1965. The listing sheet for the house said it has 13-foot ceilings, four fireplaces, a four-car garage, and a separate coach house. [9][10] He later founded Driehaus Mutual Funds in 1996, and Driehaus Capital Management (USVI) LLC in 1997. In later years the mansion served as a funeral home. Since 1999 the Virgin Islands Source the only online newspaper of general circulation in the U.S. Virgin Islands has been providing the community with reliable, accurate and balanced local journalism. Rev. Like the Vincentians, Mr. Driehaus valued philanthropy and educational access for everyone. 25 @ 25, Arts & Business Council of Chicago, 2010 Numerous articlesin stateside newspapers speak of his legendary themed birthday parties, the last one featuring Diana Ross. [43][44] This contribution is used to recruit and retain faculty at the College of Commerce, which was renamed the Richard H. Driehaus College of Business. He was a newsboy of 10, he recalls, delivering the Southtown Economist, when he first noticed the value of design. Landmarks Illinois We know that informed communities are empowered ones. There isn't a sound. Chicago magazine newsletters have you covered. 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. 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. The Chicago Sun-Times said Driehaus died Tuesday at Northwestern Memorial Hospital after suffering a cerebral hemorrhage the night before at his home. He had established the Driehaus Community Development Fund with CFVI in 2002, and over the course of the next almost 20 years he made donations in excess of $1.8 million to support a broad range of projects and initiatives in the territory, which included the restoration of the Franklin D. Roosevelt Park in 2006 as a cultural asset in the St. Thomas historic district. Anchored below was a replica of a pirate ship that he enjoyed personally, but quietly donated in 2015 to fulfillthe wish of a 7-year-old boywith a life-threatening disease whose dream to be a pirate was fulfilled by the local Make-a-Wish foundation. "I didn't give that quote," Wall says, smiling. The Richard H. Driehaus Museum explores the art, architecture, and design of the late 19th and early 20th centuries with a focus on the Gilded Age. Mr. Driehausthe founder of Driehaus Capital Management, who died in March at age 78purchased the property in 1998 for around $5 million, renaming it after his mother's birthplace in. 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. Richard Driehaus and Inese. He is often credited as the father of momentum investing, as he popularized the strategy which calls for spotting stocks on prolonged upward trends. AIA Presidential Citation, The American Institute of Architects, 2006 Shield of St. Xavier Award, Saint Xavier University, 2006 [13] He and Kristyna (Pellouchoud),[14] an architectural student, meet in Prague and married in 1995. The Richard H. Driehaus Museum 40 East Erie Street Chicago, Illinois 60611 312 482 8933 info@driehausmuseum.org Visit About Current and Upcoming Exhibitions Programs Learn Support The Driehaus Museum Store Blog Press Find us on Facebook Follow us on Twitter Follow us on Instagram Find us on TripAdvisor Sign up for our Newsletter Privacy Policy Mary Potter Humanitarian Award, Little Company of Mary Hospital, 1999. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Greystone sells Lantana apartments to real estate mogul for $10M, Hialeah Gardens industrial site trades at $1M/acre, as market softens, Pasadena moves to eliminate planned development zoning, CF Industries relocates suburban HQ to Northbrook with slight downsize, LaSalle sells OC office building at 55% loss. He was the architect of the firm's growth equity investment philosophy and was the firm's Chairman. The garden abides with all that, even the 40-odd stories of apartments beetling down next door. The Driehauses registered for Lenox "Eternal" tableware: It's white with gold trim and modestly priced. "He loves beauty and sees its power to transform and transcend. Architects Research Foundation His first taste of the financial markets began at 13. His policy is to stay fully invested and he has scored big in health care, computers, retailing, restaurants, pharmaceuticals. Old St. Patricks Church The annual Driehaus Awards for Fashion Excellence, sponsored by Driehaus Design Initiative, a 501(c)(3) nonprofit organization, is hosted each spring. Awards sponsorship, including the The Richard H. Driehaus Foundation Award for Architectural Excellence in Community Design, The Richard H. Driehaus Foundation Bungalow Awards, Faith in Community Awards, and The Richard H. Driehaus Foundation Preservation Awards. 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. Mayslake Marmion Ministries [9] He contributed an equivalent of $92 million in 2000's dollars from 1984 until 1987 already;[26] and his foundations kept donating ever since. [34], In 2012, Driehaus publicly opposed Frank Gehry's modernist design proposal for the Dwight D. Eisenhower Memorial[35] and funded a lobby group to block it. Subscribe for free today! 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 told a City Club of Chicago audience in 2016, In New York, Im just another successful guy. Mr. Driehaus, 65, is the founder of Driehaus Capital Management, a $4 billion-plus investment firm with its headquarters in an elaborately restored 19th-century Richardsonian Romanesque castle. Committee for the Beautification of Lake Geneva If neighborhoods die, cities die. [22][16][23][24], Driehaus was inducted as a laureate of The Lincoln Academy of Illinois and awarded the Order of Lincoln (the States highest honor) by the Governor of Illinois in 2017.[25]. In the YoChicago video, the agent shows a fully remodeled kitchen, with a big granite island and stainless steel appliances. His late mother, Margaret, he recalls, was about 90 when he and she and Rev. Driehaus is a moralist, unlike many a fellow moneybags of the boom years. Driehaus was born in 1942 in Chicago. Norman H. Stone Award, Emergency Fund, 2010 He never got old in his strategy, Boufis said. 130 E. Randolph St. Distinguished Philanthropist Award, Association of Fundraising Professionals, 2009 Click below to see everything we have to offer. Can this be slam-bang Chi-town? This is ambience without apologies. Honorary Doctorate of Public Service, Saint Xavier University, 2009 Partners for Sacred Places //]]> Richard H. Driehaus was born and raised in Chicago. Map & Driving Directions This is the 14th year that the U.S. Virgin Islands has celebrated the parade a STJ Man Charged with Rape Turns Himself In, Anniversary: One Year of COVID in the Territory, PFA Boosts 250-Year-Old Tourist Attraction and WAPA, The Economic Development Authority Reports on Grants, Time Extensions, and Tax Beneficiaries, Cakery Gets Approval to Lease Space in EDA Industrial Park. 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.. The mansion is his workplace, ripely furnished in his own choice of Victorian opulence, with salon piling on salon. It only works when its open, said Eli Boufis, who worked with Mr. Driehaus for 20 years and with him started Driehaus Private Equity. 24 . "Now he is out of his shell.". Prince of Wales U.S. Foundation Among its many grantees were the UrbanTheatre Company, Storycatchers Theatre and House Theatre of Chicago. His foundation works with such civic organizations as the Landmarks Preservation Council of Illinois, Inspired Partnerships and the Local Initiatives Support Corp. One winner, St. Edmund's Episcopal Church at 6105 S. Michigan Ave., is a historic African-American parish. "You get used to it, though, and it becomes a place to work.". Life being what it is, the Driehaus story manages an unlikely blend of fantasy and astute practicality. He deplores any forced displacement of low-income renters, and hopes for a better day. [9][10], He founded Driehaus Capital Management LLC in 1982 and until his death was the current chief investment officer and chairman. 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