Todd B. Richter’s Legacy: A Significant Endowment to the Kelley School

Todd B. Richter, a distinguished Wall Street analyst in the healthcare industry and an MBA graduate of 1981, has recently unveiled a substantial estate commitment to the Kelley School, exceeding $5 million. This philanthropic gesture will see the establishment of the Todd B. Richter Fund, aimed at supporting critical initiatives within the school.

The Richter Fund’s primary objective is to bolster five key endowments within the Kelley School. Notably, it will fund two professorships dedicated to faculty members with extensive experience in securities analysis. Additionally, the fund will provide graduate fellowships for deserving Kelley students with a keen interest in finance and securities analysis. Moreover, it allocates resources to support the Graduate Finance Department and the Dean’s Office. Furthermore, it includes an endowment to ensure equitable distribution of any remaining bequest among the other four funds.

Dean Daniel C. Smith of the Kelley School acknowledges Richter’s exceptional generosity and commitment, emphasizing his alignment with the school’s core values. In addition to financial contributions, Richter actively engages with the school community by offering mentorship to students, sharing research insights with professors, serving on the Reese Fund board, and participating in case competitions. Dean Smith anticipates that the Richter Fund will serve as an inspiration for future generations within the Kelley community.

At Bank of America, Richter holds the position of Managing Director of the global healthcare investment banking group, where he leads financial sponsor coverage initiatives and spearheads key transactions based on significant strategic and financial trends. Prior to this role, he served as head of the healthcare research group and acted as a senior research analyst covering various healthcare providers and distributors.

Before joining Bank of America in 1999, Richter amassed 18 years of experience at Morgan Stanley, where he directed the firm’s healthcare services equity research and provided comprehensive coverage across all healthcare service subsectors.

A 1979 graduate of the College of William and Mary, Richter remains actively involved in the Kelley School community, serving on the Dean’s Council and contributing to the Kelley Alumni Association’s Metropolitan New York chapter. He is also a valued member of the Indiana University Foundation’s Arbutus Society. Richter’s distinguished career is further highlighted by his recognition as an “All-American Analyst” by Institutional Investor’s Annual Survey on 17 occasions and as an “All-Star Analyst” by the Wall Street Journal.