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Todd B. Richter's $5 Million Gift to Kelley School: Enhancing Academic Excellence


Prominent healthcare industry analyst Todd B. Richter, with an MBA from the class of '81, has made a substantial estate commitment to his alma mater, the Kelley School. The pledge, valued in excess of $5 million, forms the foundation for the Todd B. Richter Fund.

The Fund is geared towards sustaining five key endowments within the School. Among them are two professorships, specifically granted to faculty members experienced in securities analysis, as well as graduate fellowships for students with a distinct interest in finance and securities analysis. The Fund also shores up the Graduate Finance Department and provides a boon to the Dean's Office. Additionally, a portion of the endowment is reserved to split any remaining bequest residue equally among these four primary areas.

Dean Daniel C. Smith speaks highly of Richter's extraordinary act of giving, stating it exemplifies the values the Kelley School cherishes. Beyond his monetary contributions, Richter offers invaluable mentoring to students, participates in active research discussions with professors, sits on the Reese Fund board, and judges case competitions. The Dean believes the Richter Fund will stand as a testament to Richter's dedication and serve as an inspiration for future Kelley School generations.

Currently, Richter serves as the Managing Director of the global healthcare investment banking group at Bank of America. He spearheads the group's financial sponsor coverage initiative and is instrumental in the development of key transactions, reflecting significant strategic and financial shifts. Before assuming this position, Richter was at the vanguard of the firm's healthcare research group, providing his expertise as a senior research analyst across diverse healthcare providers and distributors.

Richter has a distinguished history in the healthcare industry, which includes an 18-year tenure at Morgan Stanley before joining Bank of America in 1999. At Morgan Stanley, he led the firm's healthcare services equity research efforts and provided comprehensive coverage to all healthcare services subsectors.

Richter holds an undergraduate degree from the College of William and Mary, earned in 1979. In his continued association with the Kelley School, he is a member of the Dean's Council and an active participant in the Metropolitan New York chapter of the Kelley Alumni Association. He is also a part of the Indiana University Foundation's Arbutus Society. Richter's exceptional professional career includes being recognized 17 times as an “All-American Analyst” by the Institutional Investor’s Annual Survey and an “All-Star Analyst” by the Wall Street Journal.

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