His loving restoration of the 1883 Nickerson Mansion not only brought it back to its Gilded Age splendor, but the conversion of it for use as a museum preserves the legacy of this house as an immersive space for learning through significant art collections. Shield of St. Xavier Award, Saint Xavier University, 2006 Designs 4 Dignity Subscribe to one or more of our free e-mail newsletters to get instant updates on local news, events, and opportunities in Chicago. Every conversation is about something hes passionate about, whether its business, restoring historic architecture, 19th-century art, or any of the charities he supports.. The museum, housed in an opulent neoclassical mansion on Chicago's Near North Side, is devoted to art . Barron's calls him "one of the most influential individuals within the mutual fund industry in the past century.". Outside of business, he had focused his attention and energy on a variety of philanthropic and community service-oriented projects, individually and through the efforts of The Richard H. Driehaus Foundation and the Richard H. Driehaus Charitable Trusts. In 2014, Mr. Driehaus gave a speech at DePaul University, his alma mater. Its the third midsize bank to fail in two months. In 2002, the university gave him an honorary doctorate. In 2017, Mr. Driehaus gave a speech for the CFA Institute. While elites have practically defined themselves by their rote hollowing out of Main Street and veneration of inhumane glass and steel citadels, Driehaus became a champion for the preservation of a built environment that edifies. Become a member and enjoy the very best from The American Conservative in print & digital. Three years ago, Driehaus donated $3,000 to Junkins' daughter, Katie, then a senior at St. Ignatius. Buzz took one look and said, Forget the bust. Weve taken the lead in trying to organize it, and the board approved a $50,000 grant, says Fischer. He never got old in his strategy, Boufis said. Archi Treasures Benjamin H. Marshall Prize, Benjamin H. Marshall Society, 2008 Despite his love of classicism, Driehaus has funded modern projects if they have raised the general level of design while fulfilling their basic missions. Driehaus refused to back a mid-2000s preservation battle to restore the Mies van der Rohes Farnsworth House, a mid-century white-and-glass International Style home lauded as an iconic modernist exemplar. SpaceX's giant new rocket exploded minutes after blasting off on its first test flight and crashed into the Gulf of Mexico. He funded several landscape design and beautification efforts, including a design competition for the garden at Chicagos Millennium Park, restoration of the Alfred Caldwell Lily Pool in Chicagos Lincoln Park, restoration and programs of the Garfield Park Conservatory, as well as support of the Adopt-A-River program, the Michigan Avenue Bridgehouse and Chicago River Museum. In 1982 he formed Driehaus Capital Management LLC, aninvestment advisory firm widely known for expertise in growth-oriented equity and alternative investment strategies. Outside of work, he raised three daughters and was involved in philanthropic activities focused on architectural preservation and education. By most accounts, Driehaus was a shy child. Its his money. Landmark Preservation Award, Landmarks Illinois, 2002 Mr. Driehaus supported a broad range of initiatives, including: Mr. Driehaus interest extended beyond bricks and mortar projects. Richard Driehaus, founder and chairman of Driehaus Capital Management in Chicago, has died at age 78, according to a press release. The results have fueled both Driehauss lifestyle and his philanthropy. Richard Driehaus died at 78 on March 9. He supported the St. Thomas Historical Trust in its creation of a preservation plan for Hassel Island in the St. Thomas harbor in partnership with the National Park of the Virgin Islands. Restore America Hero Award, National Trust for Historic Preservation, 2008 1902) , Designed by Frederick Wilson, Ecclesiastical Angels (Angels of Peace and Mercy) (detail), 1905. He had a whimsical side. Friends of Lincoln Park The Archimedia Workshop Our priority has been to see how architecture and design can benefit people who dont normally have the benefit of those disciplines, says Sunny Fischer, the foundations executive director since the early 1990s. In the territory, one organization the Community Foundation of the Virgin Islands was quick to note his varied and generous gifts. and M.B.A. from DePaul University (in 1965 and 1970 respectively). Driehauss other major cultural initiative is the annual Richard H. Driehaus Prize, which he established in 2003. The problem is theres no poetry in modern architecture, says Driehaus. From Boys and Girls Hope, to the Boys and Girls Clubs. Mr. Driehaus' success began in 1968, when he started his employment at A.G. Becker, where he worked in the Institutional Trading Department. 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. Anna Musci He resolved to get smart on his own and find a career that would let him own the home he wanted. He was involved in a plan for economic revitalization of Charlotte Amalie, the historic downtown and waterfront of St. Thomas. He founded Driehaus Capital Management in 1982. In the same period, he funded a second international competition that led to the selection of the modernist landscape architect Kathryn Gustafson to design the Lurie Garden in Millennium Park. (66 x 58.4 cm) Shade: Diam. Diagonally across the intersection is the Samuel M. Nickerson House, purchased by Driehaus in 2003. Six people are reported dead and more than 30 people hospitalized. The whole project has been a labor of love on Richards part., Brainstorming with Richard is like throwing gasoline on a fire, Antunovich adds. Honorary Doctorate, DePaul University, 2002, CORPORATE CITIZENSHIP More On the Passing ofRichard H. Driehaus Richard H. Driehaus made his first philanthropic gesture in 1983, when he established the Richard H. Driehaus Foundation. Acanthus Award of Appreciation, ICAA Midwest Chapter, 2015 Investment manager and longtime Virgin Islands resident and benefactor Richard Driehaus died on Tuesday in Chicago. CORRECTED Richard Driehaus, 74, is founder and chairman of Chicago's Driehaus Capital Management and a champion of classical architecture and historical preservation. The Architect's Newspaper He is a man who can afford to indulge his passionsfor art, for parties, but mainly for restoring historic architectureon a boundless scale, as anyone who has visited his many residences and offices around the world can attest. Emerald Ball Honoree, Old St. Patricks Church, 2011 A devoted philanthropist as well, he saw philanthropy as a form of inquiry. The first floor consists largely of reception and meeting rooms, while the second is occupied primarily by Driehauss vast office and what must be one of the most unusual trading floors in Chicago. In a room dripping with Tiffany chandeliers and glistening with marble statuary, young traders stare intently at their screens, monitoring the minute fluctuations in the worlds financial markets. Driehaus has one of the largest collections of Tiffany objects in the country, if not the worlddozens of rare windows, lamps, chandeliers, and tabletop pieces. In a life devoted to preservation, his business initiativesin Chicago and around the world, like the museum he founded, occupy space in historic buildings that he acquired and carefully restored. Tiffany Studios (American, est. The Wall Street Journal The museum is modeled on the Lower East Side Tenement Museum in New York, which uses public housing as a prism to examine a range of social and cultural issues, everything from immigration and racial segregation to attitudes about modern architecture. His commitment to the built environment was grounded in the belief that design can make a community stronger and give it more pride. In 2002 the university bestowed him with an honorary doctorate. Friends of the Windows After graduating from DePaul University with an MBA, he became a research analyst and stock picker for firms such as Rothschild & Company, A. G. Becker, and Jesup & Lamont before going out on his own. The Richard H. Driehaus Charitable Lead Trust, in collaboration with INTBAU, established a competition to recover the forgotten architectural heritage of Spanish towns. Surprisingly, however, the criticsfor the most parthave given him a pass. At his birthday party last summer, Driehaus concluded his remarks by quoting two 19th-century eminences who, collectively, sum up his approach to the art and business of historic preservation. Recent winners of the award range from Frank Lloyd Wrights Unity Temple (also newly added to the UNESCO World Heritage List) to the Richardson Olmsted Campus in Buffalo, NY. Chicago Tribune (Herter Brothers was a celebrated New York interior design firm of the period whose furniture and decorative objects remain highly collectible.). Its my gift to the city, Driehaus says. He first attended St. Margaret of Scotland grammar school on the Southwest Side, where the nuns left a strong impression on him for the rest of his life. Driehaus opened an office in the U.S. Virgin Islands in 1984 just two years after founding Driehaus Capital Management in 1982 in Chicago. Angel Guild Award, Historic Chicago Bungalow Association, 2013 In backing such efforts, he has at times courted controversy with his open dislike of modernism and his championing of the lively neoclassicism of the late 19th and early 20th centuries. Childrens Memorial Foundation. He would say this a lot, The mind is like a parachute. Buy the house. It was like a light going off in my head. Soane Foundation Honor, The Sir John Soanes Museum Foundation, 2007 Positioned beneath the dome in a shaft of light is a dramatic 19th-century Roman sculpture of Cupid encountering Psyche, the Greek goddess of the soul. In 1926, the college also constructed the John B. Murphy Auditorium next door. We seemed to be settling for a homogeneous approach. Chicago Tribune For years, it was leased to a variety of tenants. 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. nothing!, Tags: Long Reads, Print-Specific Tags - Feature. State of the Union: Twenty years ago today, President George W. Bush gave his infamous "Mission Accomplished" speech. We know that informed communities are empowered ones. Somebody has to stand up for the classical buildings., I have enormous respect and admiration for the way Richard has put his money where his mouth is in terms of trying to uplift design, says Blair Kamin, the Chicago Tribunes Pulitzer Prize-winning architecture critic. A legend as an investor and donor, Richard Driehaus dies at 78 Starting on the South Side, he saved, mastered the stock market, and backed causes that ranged from excellence in architecture and fashion to education and good government. Archdiocese of Chicago Alanna Gallagher. The Founders Award, Children at the Crossroads Foundation, 2018 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. Design competitions for a: memorial to Daniel Burnham, new hospital for Childrens Memorial, campus center building at the Illinois Institute of Technology, and Friends of the Rivers 25th anniversary design charrette. Mr. Driehaus was a Life Trustee of the school. A significant by-product of the benefits offered to certified beneficiaries is the charitable contributions requirement. Numerous articlesin stateside newspapers speak of his legendary themed birthday parties, the last one featuring Diana Ross. He was the founder, chief investment officer, and chairman of Driehaus Capital Management LLC, based in Chicago. Richard H. Driehaus died suddenly Tuesday at Northwestern Memorial Hospital after suffering a cerebral hemorrhage the night before. Ferreras, his neighbor for 20 years, added she joyfully reaped the benefits of the twice-nightly waterfall and hologram display presented solely for the entertainment of departing cruise ship passengers and nighttime kayak tours in the harbor. Driehaus meanwhile is working on harvesting its investments. In 2007, Driehaus opened the Richard H. Driehaus Museum of Decorative Arts to the public. An odd thing happened when he was 13, howeverodd, at least, by the standards of a teenagerwhen he suddenly became obsessed with the stock market. The Art Institute of Chicago Beyond millions in major grants to Catholic charities and organizations, his passion for historical preservation intersected with his faith on more than one occasion. Little Sisters of the Poor Known throughout the financial world as an early practitioner of momentum investing, which calls for spotting stocks on prolonged upward trends, Mr. Driehaus founded Driehaus Capital Management in 1982. Richard H. Driehaus was born and raised in Chicago. St. Xavier University He was a vibrant, world-changing force. Richard Driehaus, the founder of Chicago's Driehaus Capital Management and namesake of the Driehaus Museum and DePaul University's Business School, died Tuesday, according to Driehaus Private Equity. Distinguished Service to the Dance Field Award, Audience Architects, 2016 At his recent birthday extravaganza, held at his baronial estate in Lake Geneva last July, the 65-year-old philanthropist rode in high atop an elephant, beaming and waving. 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. He was 78. The philanthropist and founder of Chicago-based Richard Driehaus Capital Management suffered a brain hemorrhage on March 9 and died at age 78. 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.