Daniel F. Rice (1896–1975) and his wife Ada L. Rice (1898–1977) were American business people, thoroughbred racehorse owners and breeders, and philanthropists. Dan Rice was educated in the public school system of Chicago, Illinois and spent two years at Depaul University and the University of Notre Dame.[1][2] In 1919, he founded his own commodity brokerage, Daniel F. Rice and Company. His company became successful over the 35 years that he ran it. The company merged with Hayden, Stone & Co. in 1959. Rice later ran Rice Grain Corporation.
Dan Rice and his wife, Ada, contributed to many charities and organizations and created the Rice Foundation which is still running today. The Rice Foundation gives contributions to places that the Rices believed in such as programs to prevent child abuse and for many research areas such as plant development and preservation, medical advancement and animal conservation. Additionally, the Foundation supports the arts such as the Chicago History Museum, the Art Institute of Chicago, the Lyric Opera of Chicago and other museums.
Because the Rices were widely respected for their extensive philanthropies in the Chicago area, a number of places are named in their honor in the region. The combination of their first names formed Danada and appears in many places in Wheaton, Illinois.