SR1275 102ND GENERAL ASSEMBLY

SR1275 LRB102 17749 MST 23858 r

SENATE RESOLUTION

WHEREAS, The members of the Illinois Senate are saddened to learn of the death of Richard H. Driehaus of Chicago, who passed away on March 9, 2021; and

WHEREAS, Richard Driehaus was born on July 27, 1942 and was a lifelong resident of Chicago; he graduated from St. Margaret of Scotland Catholic Grammar School, St. Ignatius College Prep, and Southeast Junior College; he earned his bachelor's degree in 1965 from DePaul University and his Master of Business Administration from DePaul in 1970; he also holds honorary doctoral degrees from DePaul and St. Xavier University; and

WHEREAS, Richard Driehaus joined A.G. Becker and within two years became its youngest portfolio manager in addition to being ranked among the top 1% of the portfolio managers measured by the A.G. Becker Fund Evaluation Service; from 1973 to 1979, he worked at various brokerage firms, including Mullaney, Wells & Co. as Director of Research and Jesup & Lamont as Director of Research and a money manager; and

WHEREAS, In 1979, Richard Driehaus formed the stock brokerage firm Driehaus Securities Corporation; in 1982, he formed Driehaus Capital Management, which currently manages $13.2 billion in assets; and

WHEREAS, In 2000, Richard Driehaus was featured by Barron's magazine as part of the All-Century team of the 25 individuals identified as the most influential within the mutual fund industry over the past 100 years; and

WHEREAS, Richard Driehaus recognized early in his career that giving back to society makes for a fuller life; he focused his attention and energy on a wide variety of philanthropic and community service endeavors and donated in excess of $5 million per year, which was done individually and through the efforts of The Richard H. Driehaus Foundation and the Richard H. Driehaus Charitable Lead Trusts; and

WHEREAS, Since 2001, the annual Richard H. Driehaus prize for classical architecture, through the University of Notre Dame, has honored architects from around the world; the $200,000 prize promotes and encourages the principles of traditional, classical, and sustainable architecture and urbanism; and

WHEREAS, Richard Driehaus was the devoted father of Tereza, Caroline, and Katherine Driehaus; the loving brother of Dorothy (Art) Mellin and Elizabeth Driehaus (Demitrios Athens); and the fond uncle and great-uncle of numerous nieces and nephews; therefore, be it

RESOLVED, BY THE SENATE OF THE ONE HUNDRED SECOND GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we mourn the passing of Richard H. Driehaus and extend our sincere condolences to his family, friends, and all who knew and loved him; and be it further

RESOLVED, That a suitable copy of this resolution be presented to the family of Richard Driehaus as an expression of our deepest sympathy.