I want something that's warm and comfortable.". PRESERVATION [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. In the territory, one organization the Community Foundation of the Virgin Islands was quick to note his varied and generous gifts. Old Town Triangle House Sold by Driehaus Daughters Trusts, 2020 Chicago magazine / A Chicago Tribune Media Group website. Driehaus (rhymes with treehouse) is a stock-market high-flier who manages more than $3 billion in investment funds. She's a modernist, too, but no fan of bare bones. His obituaries list only his children as survivors, no wife, but Crain's could find no mention of a. Where did this stock-picking whiz begin and how did he evolve into a generous civic patron? "It is with deep sadness that my wife Jo and I have just learned of the passing of our dear friend and DePaul alumnus, Richard Driehaus. Click below to see everything we have to offer. Richard Herman Driehaus (/drihas/; July 28, 1942 March 9, 2021)[1][2] was an American fund manager, businessman and philanthropist. 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. Inese Driehaus is known for Grey Lady (2017). [citation needed], Driehaus received the 2015 American Institute of Architects Lifetime Achievement Award for his contributions to architecture in Chicago and worldwide. 3 takeaways from Chicago Cubs camp, including Hayden Wesneski making his pitch for the last rotation spot, Chicago police officer fatally shot on Southwest Side in exchange of gunfire: officials, Chicago police Superintendent David Brown to exit CPD this month in the wake of mayoral election, Do Not Sell/Share My Personal Information. The previous record in Lake Geneva was set in April when Thomas Tisbo spent $12.75 million on a 12-year-old, 13,000-square-foot, 10-bedroom lakefront mansion. But he surely is on to something when he says: "We need quality design. [7][33] The first American to win the prize was Allan Greenberg in 2006, who redesigned the interior of more than 30 rooms of the U.S. Department of State. List Price: $1.299 million Friends of Lincoln Park [43] Driehaus donated $30 million to DePaul University in 2012the largest gift DePaul has ever received. The capital management business is in a Romanesque building at 25 E. Erie St. Mr. Driehaus lovingly preserved the Chicago landmark, originally home to a 19th century railroad magnate. He figures he may be halfway there already, but $25 million is more like it, according to Sunny Fischer, executive director of the Richard H. Driehaus Foundation. ", "How Richard Driehaus made a fortune by finding tomorrow's growth stars. Soon he also began to observe coin collectors journals in the public library. Using her $15,000 award from Driehaus, her firm of Ross Barney+Jankowski set up its own little foundation to reward neighborhood design. The Richard H. Driehaus Museum, which he founded in 2003, is one of the greatest gifts he made to the people of Chicago. Since 2004 Richard has shared his wisdom and his financial assistance with many of our . We rarely invest in stock because it's cheap and hope for a turnaround. There was no better role model in investing than Richard Driehaus. Mayslake Marmion Ministries LEGAL INNOVATION | Tu Agente Digitalizador; LEGAL3 | Gestin Definitiva de Despachos; LEGAL GOV | Gestin Avanzada Sector Pblico Metropolitan Planning Council Mr. Driehausthe founder of Driehaus Capital Management, who died in March at age 78purchased the property in 1998 for around $5 million, renaming it after his mother's birthplace in. Prince of Wales U.S. Foundation "[38] The museum is furnished with period furniture and decorative objects from Driehaus' collection to help visitors imagine how the Nickersons would have entertained and lived.[31][39]. AIA Presidential Citation, The American Institute of Architects, 2006 ", This page was last edited on 17 January 2023, at 18:59. Among them was the watchdog organization the Better Government Association. "Driehaus turned around and said, `Wait a minute,' " recalls Andrew Mooney, LISC's program director. But his mother had a fondness for little people trying to restore a big church, as one clergyman puts it. [13] He and Kristyna (Pellouchoud), [14] an architectural student, meet in Prague and married in 1995. 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. The name itself is evidence of his generosity. The buyers are not yet identified in public records. Ross Barney bucked the Public Building Commission bureaucracy to slide in curves and graphic details and a skylight sundial and a sunburst-patterned playground, and still came in on a tight budget. There is a delight, proportion, and harmony in classical architecture that I wasnt finding in the contemporary buildings coming up around me in Chicago. He was 78. "I love art," Driehaus acknowledges benignly. Mr. Driehaus strongly believed in giving individuals the chance to create their own success. From the outset, Mr. Driehaus was motivated to make a difference. It's a stretch, but he manages to be bullish on an idealized past and bullish on today's Internet stocks, too. Wall had dinner one night at the Drake Hotel. [34], In 2012, Driehaus publicly opposed Frank Gehry's modernist design proposal for the Dwight D. Eisenhower Memorial[35] and funded a lobby group to block it. 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. That was a "lot of money," even for Driehaus, he admits. Preoccupied with his career, Driehaus married in his early fifties. Missing Crain's in print? In 2000, he was named to Barrons All-Century team of 25 individuals identified as the most influential within the mutual fund industry over the past 100 years. Suite 3200 Neighborhood Housing Services of Chicago, INTERNATIONAL But even Driehaus seems stunned by the power of a tall St. Michael's window, an archangel in Tiffany stained glass. In financial circles he's ranked at the top or close to it as an investment manager. Its on a museum, a foundation, an architecture prize, a fashion competition, numerous academic buildings and programs, and on awards celebrating historic preservation and the Chicago bungalow. It is on its way to a $6.5 million completion. And he made another donation this year." A devoted philanthropist as well, he saw philanthropy as a form of inquiry. [16] [17] In 2010 Richard Driehaus married Inese Romanovska, of Latvia. It is installed over a shadowed staircase, and can be lit so vividly that it almost seems to be ablaze. In later years the mansion served as a funeral home. Wall figures in other anecdotal lore about Driehaus, who did not marry until he was in his 50s. His mother was Irish. There isn't a sound. Since the early 1980s he has been a vocal advocate for the application of humanistic values in the built environment. Billionaire J. Christopher Reyes purchases Driehaus Estate for $36 million . The mansion is his workplace, ripely furnished in his own choice of Victorian opulence, with salon piling on salon. He was survived by his three daughters Tereza, Caroline, and Katherine (Kate)[21] Driehaus. The annual Driehaus Awards for Fashion Excellence, sponsored by Driehaus Design Initiative, a 501(c)(3) nonprofit organization, is hosted each spring. It is presented annually in Madrid, Spain. Mr. Driehaus also conveyed his gratitude to other educational institutions and religious orders focused on education, such as Holy Trinity High School, Cristo Rey Jesuit High School, St. Bedes Grammar School, as well as Loyolas St. Joseph Seminary, Christ the King College Preparatory School and the University of the Virgin Islands. Richard H. Driehaus (1942-2021) It is with deep sadness that we share the unexpected passing of Richard H. Driehaus of natural causes on March 9, 2021 at the age of 78. Honorary Doctorate, DePaul University, 2002, CORPORATE CITIZENSHIP Richard Driehaus and Inese. Seen from streetside, the house is an ample pile of buff limestone and broad archways, turrets and dormers and chimneys and delicate stonework carving. Restore America Hero Award, National Trust for Historic Preservation, 2008 In 2020, Driehaus gave more than $2.3 million in general operating funds to arts and culture organizations, also operating as a delivery pipeline for the MacArthur Foundation, which has long sent money to Driehaus for further division and distribution to smaller arts groups. But how did Richard Driehaus happen? 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. The parlor is vaguely lit, a shaded sanctuary. 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. Driehaus was most known for his various charitable contributions across Chicago, including his commitment to preserving historical architecture. Inspired Partnerships The newly chosen combatants in Round Two of the mayoral sweepstakes are off and running. [36] Driehaus said of the proposed memorial, "Architecturally, it didnt speak to me. Thats the 12,396-square-foot, six-bedroom Villa Hortensia, which sits on 20.5 acres and was listed for $20.75 million in February. "During my lifetime," he says, "I want to give away over $100 million, conservatively.". Marchetti, Domenica (2000). He, his wife, Katherine Fisher (1849-1910), and three of his four children moved into the house sometime . Mary Potter Humanitarian Award, Little Company of Mary Hospital, 1999. [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. Friends of the Chicago River a Chicago real estate mogul and president of the Union Bag and Paper Company. The carpets are Oriental. Yes, I do have a thirst for beauty. In 2002, the university gave him an honorary doctorate. It has ranged from development of a financial literacy program to help low-income families learn how to create and preserve wealth, to an initiative sponsored by South Shore Bank to develop Individual Development Accounts which dollar-match low-income families saving plans. If neighborhoods die, cities die. Subscribe for free today! BPI Betty White, Hollywood's "Golden Girl," died Friday, Dec. 31, 2021. Funding of economic opportunity initiatives is focused primarily on programs to benefit people living in poverty. Benjamin H. Marshall Prize, Benjamin H. Marshall Society, 2008 The Richard H. Driehaus Foundation benefits individuals and communities by supporting the preservation and enhancement of the built and natural environments through historic preservation in neighborhoods throughout Chicago. [7][8][9], From 1968 through 1973, Driehaus developed research ideas for the institutional trading department at A.G. Becker & Co. The Founders Award, Children at the Crossroads Foundation, 2018 Movies. It saved the school.". Richard unfortunately passed away in March 2021, but his legacy remains and the family still owns the historic estate. Frustrated by his father's inability to afford a home in an upscale suburb, Dreihaus developed an interest in . Release Calendar Top 250 Movies Most Popular Movies Browse Movies by Genre Top Box Office Showtimes & Tickets Movie News India Movie Spotlight. Driehaus likes relatively small, fast-growing companies with rising sales and earnings. Holy Family Church, another West Side grand survivor, also has benefited from Driehaus' bounty. After graduation from Miami University, Driehaus went on to own Philipps Swim Club and the Front Porch Coffeehouse in West Price Hill. He was also highlighted alongside legendary investors Warren Buffett, Sir John Templeton and Ben Graham in the book: The Worlds 99 Greatest Investors by Magnus Angenfelt. Institute of Classical Architecture and Classical American Art Map & Driving Directions He never got old in his strategy, Boufis said. Admission to the Freedom of the City of London, 2012 richard driehaus wife . "I didn't give that quote," Wall says, smiling. Richard H. Driehaus made his first philanthropic gesture in 1983, when he established the Richard H. Driehaus Foundation. It was used for ongoing support to enhance the work of nonprofit organizations in the territory. I bent her ear for two hours.". Richard Driehaus and Inese Romanovska The couple will marry July 25 at Holy Name Cathedral in Chicago. 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. He encouraged me to talk to Sunny Fischer. In 2012, also working with the University of Notre Dame, he established the Rafael Manzano Martos Award for Classic Architecture and Restoration of Monuments. The Trust for Public Land, CLASSICAL ARCHITECTURE He told the Chicago Sun-Times in 1996 that he saved $1,000 from his paper route in Brainerd on the citys Far South Side and, at 13, invested in stocks recommended by financial columnists. National Trust for Historic Preservation This underscored his appreciation of architecture that denotes place by reaching back to historic precedents. Mr. Driehaus supported a broad range of initiatives, including: Mr. Driehaus interest extended beyond bricks and mortar projects. I don't want destructive art. His late mother, Margaret, he recalls, was about 90 when he and she and Rev. 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. The angels and nymphs are in marble and onyx and alabaster. The sale closed January 6, and it was a cash deal. Two of the funds are client accounts limited to people with portfolios of $3 million or more to risk. In 2000, Barrons named him to its all-century team of 25 individuals it identified as most influential in the mutual fund industry. But that was yesteryear. We want something more representational,"[36] but he has also criticized the closed selection process. [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. Congress For The New Urbanism After Harris died in 1916, Yellow Taxi Cab Company founder Walden W. Shaw bought the estate, and he passed it down to his son-in-law Daniel F. Peterin, who was the president of Morton Salt. ", "Philanthropist Richard Driehaus Will Receive the 2015 AIA Chicago Lifetime Achievement Award", "Driehaus and Krier do battle against Gehry's Eisenhower Memorial design", "Richard H. Driehaus commits $1 million to Landmarks Illinois", The Richard H. Driehaus Museum: Chicago's Downton Abbey, "Richard Driehaus, Chicago philanthropist and architecture patron, dies at 78", "Chicago investment manager donating $30 million to DePaul University's business school", "The 14th Annual Driehaus Awards for Fashion Excellence Supports Emerging Chicago Designers", https://en.wikipedia.org/w/index.php?title=Richard_Driehaus&oldid=1134249098, Schwager, Jack D. "Richard Driehaus: The Art of Bottom-Up Investing. E-mail oureditor Sign up for. I am very observant.". Mr. Driehaus used to say his life was influenced by his fathers difficulty affording a nicer home. University of Notre Dame School of Architecture, RELIGIOUS In Memoriam: Richard Driehaus The philanthropist (1942-2021) championed the preservation and restoration of a built environment that edified the human person. Holy Family Preservation Society Rev. TV Shows. Honorary Doctorate of Public Service, Saint Xavier University, 2009 Those flickering gas lampposts might have adorned Paris' Champs-Elyseesand, it turns out, they really did. BEAUTIFICATION Distinguished Service to the Dance Field Award, Audience Architects, 2016 The lakefront estate set on 40 acres is known as Glanworth Gardens. In the years before giving up his V.I. [9][47] He also underwrote the Red Hot Chicago Fashion Gala for young professional designers.[9]. Closer to his Virgin Islands home, he fed his penchant for the Wizard of Oz and love of pirate tales with a twice nightly display of colored lights through a waterfall on his property overlooking Charlotte Amalie harbor complete with a hologram of the wizard and accompanied by the 1812 Overture, which ran until the 2017 hurricanes. Grants are typically made through coalitions and alliances to encourage programming designed to broaden civic participation in the cultural life of the city. The Richard H. Driehaus Foundation also partners with the John D. and Catherine T. MacArthur Foundation to provide general operating support to arts and cultural organizations in Chicago. The desk, of course, supports a computer terminal. Mr. Driehaus, 65, is the founder of Driehaus Capital Management, a $4 billion-plus investment firm with its headquarters in an elaborately restored 19th-century Richardsonian Romanesque castle. He indicts present-day design as short on "texture and warmth. Illinois Arts Legend Award, Illinois Arts Alliance Foundation, 2005 And there was the opportunity to honor her while she was here to see it. 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. His two marriages ended in divorce. //]]> he says now. The house went under contract on December 23. He said open-mindedness informed Mr. Driehaus lifelong success in investing and his embrace of new products and technology. On Sunday, the Dominican Republic Independence Day Parade was back in full swing in the town of Christiansted, St. Croix. He expanded into private equity later. Philanthropist Richard Driehaus speaks at The Metropolitan Club in the Willis Tower in 2017. Distinguished Philanthropist Award, Association of Fundraising Professionals, 2009 He funded scholarships for international MBA students and a virtual stock portfolio contest for DePaul finance students. [7][32], The prize [] represents a partial counterbalance to the rejection of classical forms by elite architecture that prevailed for much of the last century, notes James Panero, an American culture critic. Six days after the blessed affair, Mr. Driehaus will hold his annual summer bash in Lake Geneva. In doing so, chemicals were avoided and the intricate details could be cleaned evenly. He also was instrumental in the reconstruction of Roosevelt Park in St. Thomas. 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. This is the 14th year that the U.S. Virgin Islands has celebrated the parade and it is also the first in two years since the pandemic.Watch: youtu.be/-6EofNFxiQY..#VISource #thesource #usvi #LocalNews #news But his neighborhood is ancient Greece and Rome and Empire Paris as well as down-home Chicago. ", And he confides: "I don't want a lot of angst. Committee for the Beautification of Lake Geneva Navigation. The "buy high and sell higher" Driehaus manner has been labeled "nosebleed strategy," but he's classed with super stock-pickers Warren E. Buffett and Peter Lynch. Driehaus often pointed to his Roman Catholic roots as a guide to his philanthropic endeavors. Millennium Park, Inc. Driehaus said, You have to continue to learn your whole life, you have to be responsible for your own actions, and you have to give something back to society.[27], He has said that his original plan was to give away only $100 million during his lifetime, but believed that he will end up parting with more than twice that amount. Among its many grantees were the UrbanTheatre Company, Storycatchers Theatre and House Theatre of Chicago. The foundation lists it as $10,000. Little Sisters of the Poor On the side, Driehaus funds his own $40 million charitable foundation, with a mission to improve design and environment and civic life in Chicago's neighborhoods. "He loves beauty and sees its power to transform and transcend. His Driehaus Museum, devoted to Gilded Age flourishes, is in another landmark at 40 E. Erie St. 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 . His two marriages ended in divorce. Driehaus is indeed comfortable, even if some of his admirers call him an "eccentric" sort of wizard. Canal Corridor Association Whether you knew him personally, or only knew of him . Norman H. Stone Award, Emergency Fund, 2010 Click here to get the full experience on your screen. This is in gratitude of those who gave him opportunities to prove himself throughout his career. Driehaus' mansion may be no model of economy, but you can't quarrel with the sentiments. "They live in neighborhoods. Two years later he became the youngest portfolio manager and was ranked among the top 1% of the portfolio managers measured by the A.G. Becker Fund Evaluation Service. St. Ignatius College Prep Mr. Driehaus was a Life Trustee of the school. Architecture gives you a sense of place, of history, a sense that you're not alone. "You get used to it, though, and it becomes a place to work.". He then worked at various brokerage firms before he founded Driehaus Capital Management LLC in 1982. In the YoChicago video, the agent shows a fully remodeled kitchen, with a big granite island and stainless steel appliances. In the loving memory of Richard Driehaus, we are saddened to inform you that Richard Driehaus, a beloved and loyal friend, has passed away. For all his success in Wall Street, Mr. Driehaus cherished the outlook and friendships Chicago bestowed. He also received an honorary doctorate degree from DePaul in 2002. Through its arts and culture giving, Driehaus Foundation has been one of the most important funders of Chicago theater and dance for decades, especially low-budget arts organizations that bigger foundations overlooked. Chicago-area billionaire J. Christopher Reyes and his wife, Anne, are the mystery buyers who paid $36 million for the late investment manager Richard Driehaus' 14,145-square-foot,. That feeling for neighborhood life traces to Driehaus' boyhood, when there were people and stores on both sides of the street. Richard Driehaus, Stock-Market Daredevil, Preserved Traditional Architecture Chicago fund manager, who has died at age 78, arrived at one of his parties on an elephant's back [45][46] He was touched by her story, which he heard through NPR. As did his mother, who lived long enough to see restoration start on the church, says Wall. 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. Betty White, Hollywood's "Golden Girl," died Friday, Dec. 31, 2021. "[12], Preoccupied with his career, Driehaus married in his early fifties. She also formerly served on the Hamilton County Democratic Executive Committee, and was influential in electing Cincinnati politicians like Todd Portune, David Crowley, Dwight Tillery and John Cranley . "Richard was almost a recluse," says architect John Vinci. From Boys and Girls Hope, to the Boys and Girls Clubs. It is housed in a historic Chicago landmark, the 1887 Samuel M. Nickerson Mansion. M.W. Billboards and vacant lots and pizza joints and overblown skyscrapers collide with spiring churches and leftover Gold Coast mansions. He sponsored the international contest to design the McCormick Tribune Campus Center at the Illinois Institute of Technology. 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. Among the treasured traditions were A-list headline entertainers (Diana Ross in 2019, and before that the likes of The Beach Boys, Jay Leno and Martin Short), a speech from Driehaus discussing the value of his humble origins, food stations galore and a conclusionary fireworks display that attracted hundreds if not thousands of gawkers from uninvited boats deftly stationed on the lake. Walworth County deed. Anything else might have been ludicrous, and Driehaus is reported to have admitted: "It's not my taste and I didn't understand this stuff, but it's important and it should be done.". Driehaus is no admirer of Miesian grids and "less is more" severity. In midday, vagrants sprawl flat in the pews of the Cathedral of St. James, an ornate masterwork of the old school. 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. Legendary Landmark Award, Landmarks Illinois, 2009 But in Chicago, you can because its big enough and its small enough and people actually get along enough a line that drew cheers. "He's concerned about Chicago from the ground up," says Fischer. Horatio Alger Award, Horatio Alger Association, 2013 Landmark Preservation Award, Landmarks Illinois, 2002 Archdiocese of Chicago The windows were masterpieces, the work of Chicago's Thomas O'Shaughnessy. After a glorious restoration, the house was opened to the public as the Richard H. Driehaus Museum, devoted to the decorative arts of the Gilded Age. Corporate Award for Excellence in the Arts, DePaul Theatre School, 2000, EDUCATION His foundation works with such civic organizations as the Landmarks Preservation Council of Illinois, Inspired Partnerships and the Local Initiatives Support Corp. One winner, St. Edmund's Episcopal Church at 6105 S. Michigan Ave., is a historic African-American parish. [9] He also was a major supporter of Catholic Extension, which builds churches in under-served communities. She was 99. 700 South DesPlaines Street, Chicago, IL 60607 (312) 697 1103. He was bringing back Old St. Patrick's Church from years of neglect. I like buildings that borrow from history, that respect the past. "Good design is the best economy," he preaches. "A grand design for giving." Special exhibitions, books and films memorializing architects and architectural achievements. She was previously married to Richard Driehaus. Tolliver replied, almost in passing, that he was worried about the reborn school. In 2016, The Richard H. Driehaus Charitable Lead Trust, in collaboration with INTBAU (International Network for Traditional Building, Architecture & Urbanism), established a competition to recover the forgotten architectural heritage of Spanish towns. It needed help. He is often credited as the father of momentum investing, as he popularized the strategy which calls for spotting stocks on prolonged upward trends. He was involved in a plan for economic revitalization of Charlotte Amalie, the historic downtown and waterfront of St. Thomas. Emerging Markets Small Cap Equity Strategy. PRESERVATION He also supported St. Ignatius College Prep and St. Margaret of Scotland parish. USA Midwest Province of the Society of Jesus, PUBLIC INSTITUTIONS "He sat down and wrote a check. 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. Driehaus Estate07.23.2011 Old St. Patricks Church (Michael Tercha / Chicago Tribune). And that's just a start, apparently. Local activist Maria Ferreras said Driehaus strove to keep his contributions under the radar. 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