In his dream Chicago, everyone can live decently, even if not in the rosy Driehaus mold. The size of his fortune may be his secret (the totals are "significant but not legendary," he says). [CDATA[ 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. Driehaus' sponsoring name now is on prizes and competitions to improve community design. A private mass was held for him after his funeral. [28][29], The Richard H. Driehaus Prize for Classical Architecture (short: Driehaus Architecture Prize) was established in 2003 and doubled to $200,000 in 2008. "Richard was almost a recluse," says architect John Vinci. Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Friends of the Windows Honorary Member, Royal Academy of Fine Arts of San Fernando, Madrid, 2015 (induction) Can this be slam-bang Chi-town? Inese Driehaus is known for Grey Lady (2017). Now the house preens in latter-day effulgence, the lacquered fancy of a self-made multimillionaire of our time, Richard H. Driehaus. His annual summer birthday parties there, complete with fireworks and a guest list topping 1,000 people, were legendary. He told a City Club of Chicago audience in 2016, In New York, Im just another successful guy. He encouraged me to talk to Sunny Fischer. National Trust for Historic Preservation Louis Comfort Tiffany was a gifted American designer of yore and some Tiffany windows have sold for more than $1 million. He's an urban man.". I like buildings that borrow from history, that respect the past. Mr. Driehaus first exposure to DePaul University was as an undergraduate business student. Though no longer tied by his EDC tax benefit requirement after relocating the business and residency back to the states, Driehaus, who still maintained his home overlooking Charlotte Amalie harbor, did not cut back on his charitable giving to the V.I. 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 1973, he became director of research for Mullaney, Wells & Co. [citation needed], Driehaus received the 2015 American Institute of Architects Lifetime Achievement Award for his contributions to architecture in Chicago and worldwide. "You're overwhelmed at first--all that Tiffany glass," says Cheryl Cannistra, a Driehaus vice president who has worked for him for 11 years. Interesting Note: The Peterkin Family worked with the Lake Geneva Conservancy to place deed restrictions on the property that would prevent future owners from subdividing the property. Following was a meticulous restoration of the historic Nickerson Mansion, over a period of five years. First he had the handsome place gutted. But his neighborhood is ancient Greece and Rome and Empire Paris as well as down-home Chicago. The foundation made a $250,000 challenge grant--$1 for every $2 the church could raise. He sponsored the international contest to design the McCormick Tribune Campus Center at the Illinois Institute of Technology. [9], The Driehaus Museum displays decorative arts of the Gilded Age and art nouveau eras in permanent and special exhibitions. Like the Vincentians, Mr. Driehaus valued philanthropy and educational access for everyone. The stocks tanked, teaching him about the market and the wisdom of financial columnists. 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 outside the Driehaus Museum in 2012. Driehaus opened an office in the U.S. Virgin Islands in 1984 just two years after founding Driehaus Capital Management in 1982 in Chicago. International Network for Traditional Building, Architecture and Urbanism, 2015 His late mother, Margaret, he recalls, was about 90 when he and she and Rev. He married when he was in his early 50s; the marriage ended in divorce. I don't want destructive art. The philanthropic activities of the Richard H. Driehaus Foundation and the Charitable Trust are widely acknowledged in the fields of culture, arts, heritage protection, journalism and architecture, including the renowned global Driehaus Architecture Prize for new classical architecture. The Archimedia Workshop 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. A devoted philanthropist as well, he saw philanthropy as a form of inquiry. Preservation Chicago 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. [13] He and Kristyna (Pellouchoud), [14] an architectural student, meet in Prague and married in 1995. He reputedly has spent well into the seven figures to glaze his mansion in Tiffanyesque splendorwhile shelling out millions more to supply it with advanced computer systems tracking thousands of stocks. Driehaus, who was born in Chicago and was an alumnus of DePaul University, first started his career in 1968 working in institutional trading at A.G. Becker. Hauenstein Center for Presidential Studies (Eisenhower Memorial) From Boys and Girls Hope, to the Boys and Girls Clubs. Angel Guild Award, Historic Chicago Bungalow Association, 2013 It's not clear whether the two were still married when Richard Driehaus died in March 2021. Forty-five years ago he delivered newspapers around 89th and Loomis Streets on the Southwest Side and fretted because his family couldn't afford a tonier neighborhood. In 2000, he was named in Barron's "All-Century" team of the 25 individuals who have been the most influential within the mutual fund industry over the past 100 years. His inquisitive mind, relentless determination, and unquenchable desire to learn led him to unparalleled levels of success in the investment management industry, which in turn spurred his outsized effect on countless individuals and organizations as a philanthropist. At age 55, Richard Driehaus is tall and lean and long-haired and very much his own manan emerging civic patron with one foot in the Gilded Age and the other in the Information Age. [43] Driehaus donated $30 million to DePaul University in 2012the largest gift DePaul has ever received. I want peace and comfort and civility. In his heart, though, Driehaus seems to be first of all a collector, and not just of money. He ended up owning several, including a Lake Geneva estate that became another preservation project. Mary Potter Humanitarian Award, Little Company of Mary Hospital, 1999. Like investing, it requires strategic thinking, judgment for innovation and tolerance of risk. Chicago Vintage Motor Carriage. We've taken too much out of architecture.". Soane Foundation Honor, The Sir John Soanes Museum Foundation, 2007 A unique soul with a great personality has an amazing sense of humour, diligent and caring. Experts say Brandon Johnson must reunite progressives and make better inroads with Black voters to beat him. The school could have been just another box. Unity Award, Frank Lloyd Wright Unity Temple Restoration Foundation, 1995, ARCHITECTURE No one was prouder to be a Chicagoan than our founder, Richard H. Driehaus. [15] The couple had two daughters. He established the Richard H. Driehaus Foundation in 1983 and provided monetary support to several arts and cultural organizations including Boys and Girls Hope, Boys & Girls Clubs and the Old Town School of Folk Music, to name a few. 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. 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. Philanthropist Richard Driehaus speaks at The Metropolitan Club in the Willis Tower in 2017. Prince of Wales U.S. Foundation You cant make an impact in New York. Frustrated by his father's inability to afford a home in an upscale suburb, Dreihaus developed an interest in . In 2012, also working with the University of Notre Dame, he established the Rafael Manzano Martos Award for Classic Architecture and Restoration of Monuments. Subscribe to one or more of our free e-mail newsletters to get instant updates on local news, events, and opportunities in Chicago. A man with a multitude of interests and causes, Mr. Driehaus made a significant impact in both business and charity. It need not be expensive.". Driehaus talks about it effusively, seated under a gilt chandelier in the mansion's French Room. Neighborhood Housing Services of Chicago, INTERNATIONAL [33], The first recipient of the Driehaus Prize was Lon Krier, who helped lay the theoretical framework for New Urbanism and designed the Prince of Wales' model town of Poundbury in England. Support of design programs at the University of Illinois at Chicagos College of Architecture and the Arts, Preservation and restoration of historic homes in the Bronzeville and Prairie Avenue districts as well as helping launch the Historic Chicago Greystone Initiative, and. Soon he also began to observe coin collectors journals in the public library. Illinois Institute of Technology That feeling for neighborhood life traces to Driehaus' boyhood, when there were people and stores on both sides of the street. It is housed in a historic Chicago landmark, the 1887 Samuel M. Nickerson Mansion. Driehaus is not nearly as well-known, but over the years has far outpaced the benchmark Standard & Poor 500 Index. Typically, the parties had eccentric themes (such as 007) and employed rafts of costumed Chicago actors and entertainers, many of whom performed stunts, songs and tricks. He was a newsboy of 10, he recalls, delivering the Southtown Economist, when he first noticed the value of design. M.W. "He got married on his own.". Chicago businessman, collector, and philanthropist Richard H. Driehaus acquired and established the Richard H. Driehaus Museum. 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. List Price: $1.299 million We want something more representational,"[36] but he has also criticized the closed selection process. On one memorable occasion, an actor could be seen zip lining across the expansive and gorgeously manicured Driehaus grounds dressed as the movie character Austin Powers. For all the hoopla, Mr. Driehaus cared not to be the center of attention, but to entertain others and to maintain close connection to his three daughters, Boufis said. "Driehaus turned around and said, `Wait a minute,' " recalls Andrew Mooney, LISC's program director. His passion for investing continued and he grew to become the legend and pioneer we all know today. It only works when its open, said Eli Boufis, who worked with Mr. Driehaus for 20 years and with him started Driehaus Private Equity. Richard Driehaus: momentum investor. 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. Driehaus' mansion may be no model of economy, but you can't quarrel with the sentiments. He then worked at various brokerage firms before he founded Driehaus Capital Management LLC in 1982. "He loves beauty and sees its power to transform and transcend. 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. It does on Wall Street. ", Willy-nilly, that belief has prodded him into the uneasy terrain of modern architecture, far from his comforting gas lamps and Victorian art glass and Gold Coast palaces. 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. degree in 1965 and an M.B.A. in 1970. ", "Greece and Rome didn't just build for 40 years," he says. Mr. Driehaus support of the performing and visual arts was based on his belief that they provide much-needed balance to peoples busy lives. ", 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.
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