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The most significant symbol of the school is its name. Father Lynch, founder of the school, chose the name Saint Richard's for two reasons. First, he wanted to honor a distinctly Anglican saint and scholar. Second, the rector wished to honor the then-retiring Episcopal bishop of the diocese of Indianapolis, The Right Reverend Richard A. Kirchhoffer, who also had an interest in parish day school education. Thus, St. Richard's School had its name and today it remains the only school in the United States so named.