Ivey is a Canadian lawyer and philanthropist. Born in London, Ontario, after attending Ridley, he received a Honours Business Administration (HBA) degree from the University of Western Ontario in 1947. He served as Western’s chancellor from 1980-1984. The School of Business at Western is named the Richard Ivey School of Business after his father, Richard G. Ivey. In 1947 he founded, with his father, the Richard Ivey Foundation, a private charitable foundation located in Toronto, which has given away over $56 million. In 1988, he was made a Member of the Order of Canada and was promoted twice: to Officer in 1994 and Companion in 2000.