DePaul University Receives $30 Million From Alumnus

DePaul University Receives $30 Million From Alumnus

DePaul University in Chicago has announced a $30 million gift from alumnus Richard H. Driehaus in support of its century-old College of Commerce.

The gift, which advances the university's $250 million Many Dreams, One Mission campaign, builds on a previously announced donation of $3.45 million from Driehaus and will be used to enhance academic programs in the College of Commerce. In recognition of the gift, the largest in the university's history, the College of Commerce will be renamed the Richard H. Driehaus College of Business at DePaul University.

Founder of Chicago-based Driehaus Capital Management LLC, Driehaus earned both his undergraduate ('65) and graduate business ('70) degrees from DePaul. A longtime supporter of the university, having endowed the Driehaus Center for International Business, a faculty chair, and an innovative center in behavioral finance, he received an honorary doctoral degree from the College of Commerce in 2002. Driehaus currently serves as co-chair of the Many Dreams, One Mission campaign.

"Over the years, Richard's leadership has driven continued advancement and gains in quality in the College of Commerce," said DePaul president Rev. Dennis H. Holtschneider. "This transformative gift solidifies Richard's legacy and enables the college to assemble a faculty that is among the best in the nation."

"DePaul University Receives Largest Gift in its History." DePaul University Press Release 02/15/2012.