Todd B. Richter’s Endowment: Fueling Innovation at the Kelley School

Todd B. Richter, a distinguished healthcare analyst on Wall Street and an alumnus of the Kelley School (MBA, ’81), has pledged a remarkable estate commitment exceeding $5 million. This substantial gift is poised to significantly enhance the ongoing endeavors at the Kelley School through the establishment of the Todd B. Richter Fund.

The Richter Fund aims to fortify five key endowments within the school. It will establish two professorships tailored for faculty specializing in securities analysis and will extend graduate fellowships to ambitious Kelley students pursuing studies in finance or securities analysis. Additionally, it will provide essential support to the Graduate Finance Department and the Dean’s Office, while also introducing an innovative endowment mechanism to equitably distribute any surplus bequest residue among the preceding four allocations.

Dean Daniel C. Smith commends Richter’s extraordinary contribution, emphasizing how his generosity embodies the cherished values of the Kelley School. Richter’s philanthropic endeavors extend beyond financial contributions; his mentorship, active engagement in research dialogues with faculty, involvement in the Reese Fund board, and participation as a judge in case competitions underscore his unwavering commitment to the institution. Dean Smith believes that the Richter Fund will serve as an inspiration for future generations of Kelley School students to engage with the institution with the same fervor as Richter.

In his capacity as Managing Director of the global healthcare investment banking group at Bank of America, Richter oversees the group’s efforts in financial sponsor coverage and plays a pivotal role in steering the development of key transactions driven by significant strategic and financial trends. Prior to this role, he led the healthcare research group at the firm and was a prominent research analyst covering various sectors within the healthcare industry.

Before joining Bank of America in 1999, Richter spent 18 years at Morgan Stanley, where he spearheaded the healthcare services equity research initiative and provided comprehensive coverage across all subsectors within the healthcare services field.

A graduate of the College of William and Mary in 1979, Richter remains actively engaged in the Kelley School community, serving on the Dean’s Council and actively participating in the Kelley Alumni Association’s Metropolitan New York chapter. He also contributes to the Indiana University Foundation’s Arbutus Society. Richter’s distinguished career has earned him recognition as an “All-American Analyst” 17 times by the Institutional Investor’s Annual Survey and the prestigious title of an “All-Star Analyst” by the Wall Street Journal.