Susanne E. Cannon. In 2006, the center received three gifts in excess of $1 million: $4 million from the Michael J. Horne Foundation to endow the Horne Chair in Real Estate Studies; $2 million from Douglas and Cynthia Crocker to endow the Doug and Cynthia Crocker Director of the Real Estate Center; and $1.5 million from George Ruff to endow the Ruff Chair in Real Estate Studies. In 2007, the MacArthur Foundation awarded the center a grant of $3.5 million to launch a multi-faceted program to save affordable rental housing in the Chicago region. In 2008, Dean Ray Whittington created the Department of Real Estate, carving it out of the Department of Finance. Professor Susanne E. Cannon was chosen as the first department's first chairperson. Also in 2008, the college received a $7.5 million gift from the Conrad N. Hilton Foundation to establish the School of Hospitality Leadership. In 2012, DePaul alumnus Richard H. Driehaus gave DePaul a $30 million gift to be used to recruit and retain business faculty. DePaul renamed the College of Commerce the Driehaus College of Business. Part of the Driehaus College of Business, the Kellstadt Graduate School of Business retained its name. Academics Kellstadt has seven divisions: the School of Accountancy and Management Information Systems; the School of Hospitality Leadership; and the departments of finance, economics, marketing, management and real estate. The department of real estate and the School of Hospitality Leadership were created in 2008. Kellstadt offers both a part-time and full-time Master of Business Administration. Students may choose among 30 MBA concentrations; a combined MBA/Juris Doctor with the DePaul University College of Law; 14 specialized master's degrees that provide in-depth knowledge in a particular area of business; and joint MBA/MS programs. Kellstadt has 14 specialized centers and institutes that conduct research, host symposia and partner with local, national and international organizations to address issues within various fields. They include the Center for Creativity and Innovation and the Coleman Entrepreneurship Center among others. Notable faculty Belverd Needles, the Ernst & Young Professor of Accountancy at DePaul, teaches financial reporting, auditing and corporate governance. He is the author of more than 20 books, including Principles of Accounting and Financial Accounting, which are used in classrooms around the world. References External links Official Web site DePaul College of Commerce DePaul University DePaul MBA Association Business schools in Illinois DePaul University Educational institutions established in 1913 1913