Todd Richter Creates $5 Million Endowment at Alma Mater

February 22, 2023
Todd Richter
Earning his Masters of Business Administration in 1981, Todd Richter has remained prideful of his alma mater, the Kelley School of Business at Indiana University. In the 20 years that followed, Richter gained immense success as one of Wall Street’s leading analysts in the healthcare field. He currently serves as managing director within the global healthcare investment banking group at Bank of America. Recently, Richter turned his decades of success into a growth opportunity for students, staff and more at the Kelley School; he created a $5 million endowment that directly supports educational endeavors within the financial industry at the institution.

The Todd Richter Fund supports five specific funding streams with its endowment dollars. This fund offers support to both the Dean’s Office and the Graduate Finance Department. It also creates graduate fellowships for Kelley School students with an active interest in the study of finances or securities. Two professorships are funded as well, specifically awarded to faculty members with extensive experience in the field of securities analysis -- the industry that allowed Richter to flourish. And, lastly, the endowment supports additional requests that fall within the four previously mentioned funding streams, as long as bequest dollars remain.

William & Mary Grad Todd B. Richter

August 21, 2021
Todd Richter
In the mid 1970s, Todd B. Richter attended the College of William & Mary in Williamsburg, Virginia. He graduated in 1979. And although it’s been more than 30 years since that time, Richter remains as connected to his undergraduate alma mater as ever.

Richter attributes his strong love and appreciation for William & Mary -- a commitment that has lasted decades -- to his time on the school’s golf team. It was an experience that influenced his life in a very positive way. Under the tutelage of Coach Joe Agee, Richter was able to learn discipline and dedication. “Being successful in business requires you be an effective competitor,” said Richter, noting that his competitive edge in life and work grew from the golf team and Coach Agee’s leadership. Continued Richter, “Being able to focus under pressure, or, as Coach Agee used to tell us, to ‘set your priorities,’ is key. Athletics helps you hone your competitive instincts beyond just the intellectual experiences you get in the classroom.”

Gracious for these experiences and lessons, Todd Richter has annually returned to the William & Mary campus and the golf team, sharing his knowledge and engaging with students. Recently, he amplified his connection to the college even further by presenting a $5 million estate commitment -- a contribution that will allow the men’s and women’s golf teams to grow.

The Growth of Indiana University Benefactor Todd B. Richter

August 21, 2021
Todd Richter
Todd B. Richter unassumingly began his financial career -- a career that would grow and prosper, turning Richter into one of Wall Street’s leading financial healthcare analysts. He graduated in 1979 from the College of William and Mary with his undergraduate financial education. He continued his studies at Indiana University, within its prestigious Kelley School of Business, from which he graduated in 1981 with a Masters in Business Administration. Over the next few decades, Richter would thrive in the financial industry.

For 18 years, he worked with Morgan Stanley. He helped to direct the firm’s healthcare services equity research also actively covering all subsectors of the healthcare services field. He departed the renowned brand in 1999 for Bank of America. There, he served as head of the banking giant’s healthcare research group. He also acted as senior research analyst on health insurance and managed a variety of healthcare-related work, including specialty health benefits and relationships with providers and distributors of healthcare. Today, Todd Richter remains with Bank of America as managing director in the global healthcare investment banking group. His responsibilities include leading the group’s financial sponsor coverage and strategizing financial trends as they relate to healthcare and Bank of America.