Chicago businessman makes generous donation to Saint Xavier University
Richard H. Driehaus honored
Chicago (March 20, 2006) – Chicago philanthropist Richard H. Driehaus has donated $1 million to the Saint Xavier University endowment, it was announced at the 19th annual President’s Scholarship Ball at Chicago’s Navy Pier on Saturday, March 18. Driehaus was also honored with the Shield of Saint Xavier in recognition of his support of the university and his commitment to service.
Driehaus, who grew up on Chicago’s southwest side, is founder and chairman of Driehaus Capital Management. He has requested that proceeds from this donation be used to further the University’s support of Catholic primary education in the area, including St. Margaret of Scotland parish, where he grew up and attended school.
“My family was of modest means. I got the ‘edge’ and skills I needed at that parish grammar school. I would hope for the same benefit for children today of similar economic background, talent and hopes,” Driehaus wrote in a letter accompanying his donation. “The closing of so many Catholic schools is a great loss for the church in Chicago – and for the children and families these schools might have served.
“I am hoping that Saint Xavier will be able to make available its expertise and mentoring in school finances, academic programs, fundraising and marketing to allow these schools to continue to become more effective in the important work they do,” Driehaus wrote.
Judith A. Dwyer, Ph.D., president of Saint Xavier University, said of the generous donation, “We are exceedingly grateful to Mr. Driehaus for continuing his extraordinary generosity to Saint Xavier University. We are blessed to have such a friend.”
In 2004, Driehaus donated Gilhooley’s Grande Saloon, an Irish-themed restaurant and pub, and the entire shopping center where it is located, to Saint Xavier University. The university operates Gilhooley’s through its foodservice partner, and has developed an educational program in hospitality management around the pub.
Driehaus’ businesses include Driehaus Capital Management LLC and Driehaus Securities Corporation, both headquartered in Chicago. He is also the president of the Richard H. Driehaus Foundation.
In addition to his business career, Driehaus has been involved in a wide 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 Trust.
In receiving the Shield of Saint Xavier, Driehaus joins the company of past honorees, including Joanne and Arthur Velasquez (2005), James and Ellen O’Connor (2004), Sister Rosemary Connelly, RSM, (1999), and Mayor Richard M. and Maggie Daley (1990).
The Scholarship Ball has raised millions of dollars for the President’s Scholarship Program, which provides scholarship aid for Saint Xavier’s most deserving students.
Saint Xavier University, a Catholic institution inspired by the heritage of the Sisters of Mercy, educates men and women to search for truth, to think critically, to communicate effectively, and to serve wisely and compassionately in support of human dignity and the common good.
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