The library is named for Charles Deering, a Northwestern benefactor and chairman of International Harvester, who provided the initial financing for the building.

[3] The site chosen for Deering Library had previously been occupied by Heck Hall, a dormitory which burned down in 1914.

[4][5] The structure is composed of Lannon stone and was modeled after King's College Chapel at Cambridge University.

[6] The Bulletin of the American Library Association said of the wood carvings: "Captivating pelicans, pompous owls, and mischievous monkeys peer at one from decorous perches, refreshingly reminding one that the environment of scholarship need not necessarily be solemn.

[7] In 2013, the library underwent a $2.5 million renovation that began with restoring the West Entry where the main doors were located, the lobby, and the outside place, as well as adding accessible-entry routes.