[4][5] This strategy reportedly delivered compound annual returns of 30% for Driehaus Capital Management in the 12 years after it was set up in the 1980s. Architecture gives you a sense of place, of history, a sense that you're not alone. 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. 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. Alanna Gallagher Thu Mar 25 2021 - 06:00 The Irish-American philanthropist and collector Richard Driehaus, who has died in his hometown of Chicago, was an apostle of classic architecture. Richard provided support to CFVI for projects ranging from The Towns Blueprint and the renovation of Roosevelt Park and its annual holiday tree lighting, to a matching grant to support USVI nonprofits after hurricanes Irma and Maria and the repair of the roof of St. Annes Chapel in Frenchtown, CFVI President Dee Baecher-Brown said in a news release Saturday morning. Richard Driehaus and Inese. [9][11], Driehaus explained that "the momentum investor has confidence that a stock that is high can head even higher. The windows were masterpieces, the work of Chicago's Thomas O'Shaughnessy. His late mother, Margaret, he recalls, was about 90 when he and she and Rev. Sale Price: $1.5 million Click here to get the full experience on your screen. It is installed over a shadowed staircase, and can be lit so vividly that it almost seems to be ablaze. Like the Vincentians, Mr. Driehaus valued philanthropy and educational access for everyone. It's a stretch, but he manages to be bullish on an idealized past and bullish on today's Internet stocks, too. Support of the St. Croix Landmark Society has assisted with a summer camp for economically disadvantaged children on Whim, the historic sugar plantation it operates. Subscribe to one or more of our free e-mail newsletters to get instant updates on local news, events, and opportunities in Chicago. 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. 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. News stories around Chicago in the wake of his passing were full of examples of Driehauss largess. George Lane. I bent her ear for two hours.". [9][10], He founded Driehaus Capital Management LLC in 1982 and until his death was the current chief investment officer and chairman. He wants the city, all of it, to be a harmonious ensemble of buildings that live compatibly with one another and the people who use them. Find out where to go, what to eat, where to live, and more. One day, Tolliver showed Driehaus around St. Edmund's. See MoreSee Less, Photo Focus: Dominican Republic Independence Day Parade Back in Full Swing. 700 South DesPlaines Street, Chicago, IL 60607 (312) 697 1103. 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. But it's no secret that he puts dollars into good works he cherishes. Mr. Driehaus had a strong personal interest in design excellence and historic preservation. One account has Driehaus seeking romance at Wall's church socials. "During my lifetime," he says, "I want to give away over $100 million, conservatively.". ACG Chicago Lifetime Achievement Award, Association for Corporate Growth, 2017 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. We are in the City Rampant, someplace between Centuries 19 and 21. 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. No harsh modern design here. The home next door to Glanworth Gardens is for sale with the areas second-highest list price. The mansion garden stops passersby in their tracks at North Wabash Avenue and East Erie Street. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. It is presented annually through the University of Notre Dame School of Architecture to honor a major contributor in the field of traditional and New Classical architecture. The desk, of course, supports a computer terminal. He resolved to get smart on his own and find a career that would let him own the home he wanted. He said open-mindedness informed Mr. Driehaus lifelong success in investing and his embrace of new products and technology. He and his wife, Anne, also own a home in Lake Forest, Illinois, and a mansion on the Atlantic Ocean in Hobe Sound, Florida. Hegeler Carus Foundation But how did Richard Driehaus happen? While still a preteen, he swung his first big deal, netting $55 on a $3.80 cache of Canadian nickels. Friends of the Chicago River Old Town Triangle House Sold by Driehaus Daughters Trusts, 2020 Chicago magazine / A Chicago Tribune Media Group website. richard driehaus wife . The AIA noted his sponsorship of several design competitions which produced the IIT Campus Center, The Millennium Park Lurie Garden, and the Daniel Burnham Memorial, as well as the Richard H. Driehaus Prize for Classical Architecture. Richard L. Tolliver, its rector, has revived the church school, St. Edmund's Academy, and neighborhood housing as well. 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 said Mr. Driehaus had suffered a cerebral hemorrhage the night before at his home. We rarely invest in stock because it's cheap and hope for a turnaround. He owns dozens of antique automobiles--"one for every week of the year," chortles a friend. "A lot of stuff today is just gratuitous. It's not the first marriage for Mr. Driehaus, but the couple is keepingwithat least one standard wedding ritual: They registered for china at Macy's. ", 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. His 2019 version with a James Bond theme and an appearance by Diana Ross was a particular hit. [9] He also was a major supporter of Catholic Extension, which builds churches in under-served communities. Canal Corridor Association Richard Driehaus is generally reported to live downtown, near the Driehaus Museum (which is inside the Samuel M. Nickerson Mansion at 40 East Erie Street) and the headquarters of his $8 billion firm, Driehaus Capital Management (inside the Ransom R. Cable House at 25 East Erie). Tour buses round the corner, groaning. 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. Those flickering gas lampposts might have adorned Paris' Champs-Elyseesand, it turns out, they really did. First he had the handsome place gutted. Having grown up in the Catholic faith, with Christian values, he appreciated the significance of a Catholic education. 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. Movies. Norman H. Stone Award, Emergency Fund, 2010 In 2006, Driehaus Capital Managementpulled up stakesin the V.I. Soane Foundation Honor, The Sir John Soanes Museum Foundation, 2007 Betty White, Hollywood's "Golden Girl," died Friday, Dec. 31, 2021. Jens Jensen Award, Chicago Park District, 2005 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 toa Chicago Sun-Times article. Mr. Driehaus supported a broad range of initiatives, including: Mr. Driehaus interest extended beyond bricks and mortar projects. "Why do all these things when you're gone?" 25 East Erie Street, Chicago, Illinois 60611. 130 E. Randolph St. He had a whimsical side. Driehaus restored the sooty black exterior of the mansion to its original buff-colored sandstone facade with a two-inch laser over 18 monthsthe first building in the United States to be restored with such technology, although the practice has been fairly common in Europe over the past 30 years. // Shield of St. Xavier Award, Saint Xavier University, 2006 St. Ignatius College Prep PRESERVATION "You're overwhelmed at first--all that Tiffany glass," says Cheryl Cannistra, a Driehaus vice president who has worked for him for 11 years. Landmark Preservation Award, Landmarks Illinois, 2002 He then worked at various brokerage firms before he founded Driehaus Capital Management LLC in 1982. His annual summer birthday parties there, complete with fireworks and a guest list topping 1,000 people, were legendary. It is housed in a historic Chicago landmark, the 1887 Samuel M. Nickerson Mansion. (Michael Tercha / Chicago Tribune). INTBAU Visionary Supporter Award, presented by HRH Prince Charles and the "Driehaus turned around and said, `Wait a minute,' " recalls Andrew Mooney, LISC's program director. Dripping with wooden gingerbread on the exterior, the five-bedroom house also has intricate woodwork inside, as you can see in this video tour that YoChicago posted in early January. AIA Presidential Citation, The American Institute of Architects, 2006 As Driehaus was leaving, he said to Tolliver, "How's it going?". Richard Driehaus and Inese Romanovska The couple will marry July 25 at Holy Name Cathedral in Chicago. And it was a particular hit want to give away over $ million... $ 55 on a $ 3.80 cache of Canadian nickels `` Driehaus to! Driehaus around St. Edmund 's for Public Land, CLASSICAL architecture Movies an estimated $ 7.1 billion net worth according. Newsletters to get smart on his own. `` career that would let him own the home wanted. 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