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Richard Driehaus To Give Property, Business to Saint Xavier University

CHICAGO (May 11, 2004) -- Judith A. Dwyer, president of Saint Xavier University, and Richard H. Driehaus, a noted Chicago businessman and philanthropist, announced today that Driehaus intends to give the university real estate, buildings and a business - Gilhooley's Grande Saloon, an Irish-themed restaurant and pub.

The property is located on 103 rd Street on Chicago's southwest side. In addition to Gilhooley's, 3901 W. 103rd St ., a shopping center is located on the property. The property is across the street from the university's Chicago campus and near two other university properties, including the Graham School of Management.

"For years, Richard Driehaus has shaped the city of Chicago through his generous and well-thought-out philanthropy," said Dwyer. "This gift follows in that tradition, deeply impacting the university, its students and Chicago."

"Over the past months," Dwyer continued, "the university has been engaged in both strategic and campus planning. This gift is a giant stride toward implementing those plans and bolsters Saint Xavier as a vital educational resource for Chicago."

Driehaus' businesses include Driehaus Capital Management and Driehaus Securities Corporation, both headquartered in Chicago. He is also the president of the Richard H. Driehaus Foundation. As a child, he grew up on Chicago's southwest side.
The university - through its foodservice partner - will operate Gilhooley's, serving its neighborhood and the university community. In addition, the university will develop an educational program focused on hospitality management.

The use of the remainder of the property has not been determined, according to James H. Vondracek, vice president for university advancement. "In the context of the university's strategic and master plans, the university will develop a coherent plan for the use of this property, consistent with our vision of being among the finest Catholic universities in the Midwest."

Driehaus and the university are planning a public celebration of the gift, according to Vondracek.