Search Terms: Robert Smith Reset All Filters Page 3 of 1,139 First Previous 1 2 4 5 6 7 8 9 Next [91], Smith owns homes in Austin, Texas, Malibu, California, New York City, Denver, and Florida. One hundred years later, our own Founding Fathers recognized the need for that and the other rights in that. In addition to his personal philanthropy, Smith is the founding director and President of the Fund II Foundation, a charitable organization making grants to support a broad range of organizations. [73], In October 2019, Smith received the Carnegie Medal of Philanthropy, which is given to individuals who have donated private wealth to the public. Smith was accused of conspiring with billionaire software CEO Robert Brockman to conceal his income by routing proceeds from Vista Equity Partners through Caribbean shell corporations secretly owned by Smith. "They said I could apply if I were a junior or senior in college. And my family is making a grant to eliminate their student loans.. [13], Also in 2016, the Foundation gave $3 million to the Southern Poverty Law Center to support left-progressive criminal justice policy. In response to Smiths charitable donation, many on Twitter are lauding him as an icon. [22], In 2016, Smith was named as Private Equity International's Game Changer of the Year for his work with Vista. Fund HBCU campus-wide internet up to $50M in donations or in-kind: Partner with the Student Freedom Initiative to deliver campus-wide high-speed internet at ~10 HBCUs across SCI regions, 6. He avoided further penalties and prosecution by agreeing to assist the DOJ in its case against Brockman, which would later result in the largest tax evasion prosecution in U.S. history. Fund SFI program $7M: fund the Student Freedom InitiativesIncome Contingent Alternative to Parent Plus to support ~15 Black STEM students per year forever at 4 HBCUs**, * Lead organization: The Collective Blueprint; Contributing local organizations for community strategy include (but not limited to): Greater Memphis Chamber and Workforce Midsouth, ** Minority Serving Institutions / HBCUs with STEM programs being considered: Le Moyne-Owen, Baptist Memorial, University of Memphis, Rust College, Estimated impact (of all initiatives): 8K+ additional college graduates and 10K workers with high-paying wages to drive ~$1B+ in economic growth, Increase accessibility, affordability and adoption of high-speed Internet, 8. Smith later extended the gift, which Morehouse later said totaled $34 million, to cover the graduates' parents' loans, too. Invest directly into SCI (coming soon): provide funding for SCI to pool and invest in community initiatives that are most well-positioned for funding and can drive direct community impact. Kaur, Harmeet. Fund II Foundation 990. ProPublica. [82], In October 2022, media outlets including TMZ,[83] Revolt TV,[84] Variety, and Vibe Magazine[85] published an article highlighting Smith being nominated by Floyd Mayweather, Jr. to serve as executive producer of a series of film and television projects titled "The GOAT" aimed to tell Mayweather's life story. Accessed August 25, 2021. Jordan Hart. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners. Komen. Smith allegedly failed to pay taxes on about $200 million in assets that moved through offshore accounts tied to Robert Brockman, a Houston software businessman. What is the Southern Communities Initiative? Robert F. Smith. Fund modernization & capacity-building and provide in-kind subject matter experts $30M:help 4-5 CDFIs/MDIs* over 5 years modernize their core systems, hire and train staff, expand marketing and standup SWAT team of experts to conduct needs diagnostic, implement tech solution & provide technical assistance;in-kind experts to also help build out the MBE ecosystem through CDFIs/MDIs, market CDFI/MDI offerings and programs and help draft final loan agreements to qualify borrowers between investment fund(s) and CDFIs/MDIs. He then pulled up at @Morehouses graduation this morning, received an honorary doctorate, and said hes establishing a grant to pay off everyones student loans in the class of 2019 ? Provide technical expertise: offer subject matter and technical expertise to catalyze and support community initiatives, E.g., tax/accounting experts to help MBEs file taxes, E.g., business experts to help MBEs better access capital and craft business plans to scale their teams and operations, 2. Smith was worth an estimated $2.5 billion, as of 2016. Ripple of Hope Awards Honoring VP Joe Biden, Howard Schultz & Scott Minerd in New York City. He also attended Columbia Business School and ended up serving as co-chief of the investment banking division at Goldman Sachs. In 2019, Smith attracted positive press when he pledged $34 million through the Fund II Foundation to pay off all student loan debt for the graduating class of 2019 at Morehouse College, a historically Black college. [43], In 2015, Smith sponsored the college education of all returned Boko Haram girls. Fund SFI program $12M: fund the Student Freedom Initiatives Income Contingent Alternative to Parent Plus to support ~120 Black STEM students per year forever at 3 HBCUs*, * Minority Serving Institutions / HBCUs being considered: Dillard University, Southern University New Orleans and Xavier University of Louisiana, 6. The measures even included allegedly shutting down the home's 15 bathrooms to guests in favor of outdoor port-a-potties at their Florida . Vista Equity partners, has officesin Austin, Chicago, Smith and his wife bought a $20 million Malibu mansion. In neighborhoods where predominantly Black families live, there has been a systematic removal of goods and services which has weakened economic prosperity and destroyed the social fabric of these communities. Robert F. Smith is an avid supporter for educational institutions and supporting education and learning organizations. [2] He attended Carson Elementary School and East High School[3] in Denver. About Robert F. Smith. Robert F. Smith. Republican Party of Texas. [77], In February 2022, Smiths non-profit organization, the Student Freedom Initiative, partnered with Prudential Financial to provide up to $1.8 million in microgrants to students of HBCUs. Latest Forbes richest list shows Black billionaires remain a rare club. April 6, 2021. American investor, inventor, engineer, philanthropist, entrepreneur. Billionaire investor and CEO of Vista Equity Partners Robert Smith joins CBS This Morning to discuss the Paycheck Protection Program and what his company is doing to help minority-owned small businesses. Vista has posting annualized returns of 22% since its beginning, according to Forbes. So the next generation can go even higher., Robert F. Smith says his mother's giving help inspire his philanthropy: "She instilled in me the importance of giving to the community" https://t.co/c4NHbWdOsS pic.twitter.com/vu6kamY7IB. Smith's strategy as well as his work ethic have won him praise on Wall Street. PALM BEACH, FLORIDA: A party arranged in James bond theme by Hope Dworaczyk, wife of Robert Frederick Smith, for her husband's 60th birthday allegedly pissed the guests due to the bizarre security measures. He worked as a rancher until his election to the Oregon House of Representatives in 1960. In 2017, he joined the Giving Pledge, pledging to donate a majority of his net worth during his lifetime. Accessed August 25, 2021. did not show up, he got the position, and that summer he developed a reliability test for semiconductors. ** Minority Serving Institutions / HBCUs with STEM programs being considered: Texas Southern University, University of Houston, Prairie View A&M University, Houston Baptist University, University of Houston-Clear Lake, University of Houston-Downtown, University of St Thomas. Robert F Smith (born 1948) is listed at 34 Honor Road West Haven, Ct 06516 and has no political party affiliation. In 2019, the foundation raised more than $22 million and spent almost $36 million. * In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: Security Federal Bank, Institute / North Carolina Community Development Initiative, Sequoyah Fund Inc, etc. Boswell, Josh. As of 2019, the firm has $46 billion in funding. [10] According to Black Enterprise magazine, Smith is credited with consistently generating a 30 percent rate of return for his investors from the company's inception to 2020. [44][45], Smith has also served as the chairman of Robert F. Kennedy Human Rights,[46] on the board of overseers of Columbia Business School, as a member of the Cornell Engineering College Council,[47] on the Cornell University Tech Board,[9] and as a Trustee of the Boys & Girls Clubs of San Francisco. Robert, on the other hand, has donated more than $250,000 to Republican campaigns and political groups. Robert Freeman Smith (June 16, 1931 September 21, 2020), commonly known as Bob Smith, was an American Republican politician who represented Oregon in the United States House of Representatives from 1983 to 1995 and from 1997 to 1999. According toThe Washington Post,he keeps an extremely private profile, and doesnt even have a photo on his own companys site. Meet Robert Smith, the Billionaire Investor Who Paid Off Student Loans Vista Equity Partners' Robert F. Smith spent $34 million paying off Morehouse 2019's student loans. Discussion about Diversity, Equity and Inclusion has grown over the last few years as more, Image: NRC Region II Staff Members Celebrate HBCU Week by Nuclear Regulatory Commission is licensed, Every February, the U.S. celebrates Black History Month a time when we reflect on. The two previously knew each other as titans in the business specter. Born in Prussia, Wagner migrated with his family to the United States in 1885. The same year, Smith began working at Goldman Sachs as an investment banker focused on investments in technology and Silicon Valley. Accessed August 25, 2021. Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~35K unconnected households, Estimated impact (of all initiatives): 48K households get connected to high-speed internet to unlock ~$700M in economic potential for Jefferson County. Raise community awareness & adoption of Emergency Broadband Benefit: increase door-to-door and community outreach in low-income neighborhoods to get households onto EBB to help connect ~145K unconnected households, * Community organization(s) being identified, Estimated impact (of all initiatives): ~145K households connected to high-speed internet to unlock ~$3B in economic potential, Lead community organization: Urban League of Louisiana, 1. Smith is chairman and chief executive of Vista Equity Partners. He's the "antithesis of [Blackstone CEO Steve] Schwarzman," a tech-industry banker told Business Insider. Background Report. In 2016, Smith and his wife bought a $20 million Malibu mansion from "Real Housewives of Beverly Hills" star Yolanda Hadid. The majority of African Americans live in just six communities in the U.S. Birmingham, AL; Houston, TX; New Orleans, LA; Atlanta, GA; Charlotte, NC and Memphis, TN. Jones, Charisse. He is also a major donor to the National Museum of African American History and Culture, the Chairman of Carnegie Hall, and the Chairman of Robert F. Kennedy Human Rights, among many others. Smith left Goldman Sachs, where he worked on tech M&A, in 2000 and launched his own private equity firm. He founded Vista Equity Partners, which invests in software companies, in 2000. Details may include related records, political party, location, and more. [7][8] In 1994, he received his Master of Business Administration from Columbia University with concentrations in finance and marketing. [31][37] According to Smith's non-prosecution agreement, Brockman dictated "the unique terms and unorthodox structure to the arrangement" and he accepted the offer as a "unique business opportunity he eagerly wanted to pursue". 3 min read Billionaire Robert Smith reportedly got closer to Ivanka Trump as the IRS closed in on him Billionaire philanthropist Robert F. Smith is known for his. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners . Smith is the richest black person in the United States, with a net worth of $5 billion, according to Forbes. Jonathan Marino contributed to an earlier version of this story. Senator from New York from 1927 to 1949. "Patriot Mobile Action is a new entity created to put . Robert F. Smith prioritizes making a difference in the communities where he lives and works. A primary election is an election in which registered voters select a candidate that they believe should be a political party's candidate for elected office to run in the general election. [5][6] Smith earned a bachelor's degree in chemical engineering fromCornell University in 1985. [53] In May 2017, The Giving Pledge announced that Smith had joined as its first African-American signatory. [49], Smith became the board chairman of Carnegie Hall in 2016, the first African American to hold that position. [2][50], Also that year, Cornell University named the Robert Frederick Smith School of Chemical and Biomolecular Engineering after him, following a donation. Over the years, Smith has made major contributions to the National African American History Museum, Carnegie Hall, Robert F. Kennedy Human Rights, Cornell University, Morehouse College and many other organizations. Would love your thoughts, please comment. 2020 Transaction Count/Amount. [5], On February 8, 2016, Smith struck and killed a pedestrian while driving in Medford, Oregon. chairman for the Robert F. Kennedy Center for Justice and Human Rights. * In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: Community Unlimited, Hope Credit Union, River City Capital, United Housing Inc, etc. [78][79], In April 2022, Smith launched the Mount Sinai Robert F. Smith Mobile Prostate Cancer Screening Bus in Harlem, New York, in partnership with Mount Sinai Hospital. Education: Willamette University : Robert Freeman Smith (June 16, 1931 - September 21, 2020), commonly known as Bob Smith, was an American Republican politician who represented Oregon in the United States House of Representatives from 1983 to 1995 and from 1997 to 1999. [2], After more than a decade out of politics, Smith was elected to Congress from Oregon's 2nd congressional district in 1982. Robert F.Smith is a billionaire who gave the commencement speech at Morehouse College on Sunday, telling the graduating students his "gift" was to pay off all of their student loans. Scale technical assistance $15M: fund*to expand technical assistance through business coaches and wrap-around services for 500+ MBEs over 5 years to help them scale from <$1M to $5M+ in annual revenue, 2. Among the recognitions he received are: 2020 Forbes Diversity & Inclusion Award 2020TIMEs100 Most Influential People 2019 Carnegie Medal of Philanthropy 2019 Inductee into the Texas Business Hall of Fame 2019 UNCF Presidents Award 2018 Honored by National Park Foundation 2017 Columbia University BBSA Distinguished Alumni Award 2016 Congressional Black Caucus Foundation Chairs Award 2010 Ripple of Hope Award from Robert F. Kennedy Human Rights Forbes 100 Greatest Living Business Minds. [57][58], In 2018, Smith was the largest individual donor at the City of Hope Gala, which funds prostate cancer treatment and breast cancer research for black men and women. In a 2015 interview with Columbia Business School, Smith said fly fishing helps him be "more mindful, more thoughtful," adding: "It makes you slow down and actually focus. I am showing the current generations of African Americans they can do it, too. on the Board of Overseers of Columbia Business School, Smith ranks third in Forbes' Black Billionaires list, Read the memo private-equity titan Robert F. Smith, the richest black man in the US, sent to his staff about America's racial unrest, Robert F. Smith is a billionaire tech investor and philanthropist who founded and serves as CEO of, Smith was the target of a four-year investigation into his personal taxes that ended when the billionaire agreed to pay, Smith made headlines in May 2019 when he announced during his commencement address at Morehouse College that, Months later, he extended the $34 million gift to include the debt owed by the students' parents as well, per a Morehouse. A portion of these funds were re-routed through the Fund II Foundation and dispersed philanthropically, thereby garnering illicit charitable tax deductions for Smith, who allegedly avoided paying taxes on $200 million in income. To empower technology companies in the enterprise software market, Smith launched Vista Equity Partners, a global investment firm, in 2000. Scale career prep ~$10M: scale the New Orleans Youth Alliance and YouthForce NOLA with 15-20 coaches over 5 years to equip ~20K young adults with skills for high-paying industries, job search & prep and subsidized transportation, Estimated impact (of all initiatives): ~2K additional college graduates and ~20K workers with high-paying wages to drive ~$1B in economic growth, 7. Smith married Hope Dworaczyk, the founder and CEO of skincare company MUTHA, a former Playboy playmate, healthy living advocate, and fashion editor, on July 25, 2015 after she gave birth to their first child in December 2014. Fund startups and give access to investor network $70M: grow the Prosper Health Tech Fund powered by Gener8tor and offer venture capital technical assistance to scale 50+ startups from <$1M to $5M+ in annual revenue; near-term priority is to secure $4M in venture investment by end of May 2022, 2. [24], On May 19, 2019, during his 2019 commencement speech at Morehouse College, Smith pledged a reported $34M in student loan debt, "(including) the debt of parents and guardians incurred" over the educational pursuit of each member of the 2019 graduating class. Background Report. In 2016, Smith donated $50 million to his alma mater. Talk about a graduation gift! [92][10][93][94][95], For other people named Robert F. Smith, see, "At Carnegie Hall, a New Leader With a Son Named Hendrix", "Billionaire Denver native donated $20 million to new African-American museum (Video)", "A Private Equity Titan With a Narrow Focus and Broad Aims", "Cornell Engineering To Recognize Robert F. Smith '85 With 2020 Distinguished Alumni Award", "5 things to know about Robert F. Smith, Morehouse donor to pay off Class of 2019's student loans", "Smith '85 to receive engineering college alumni honor", "Meet Robert F. Smith, the billionaire who's paying off student loans, owns a home in Malibu, and married a former Playboy model in a lavish Italian ceremony", "Who is Robert F. Smith? Fund modernization & capacity-building and provide in-kind subject matter experts $30M: help 4-5 CDFIs/MDIs* over 5 years modernize their core systems, hire and train staff, expand marketing and standup SWAT team of experts to conduct needs diagnostic, implement tech solution & provide technical assistance. Here's Why Investors Shrugged", "The Billionaire Behind the Biggest U.S. Tax Fraud Case Ever Filed", "Now the Richest Black American, He's Also One of America's Biggest Philanthropists", "Austin billionaire who paid off students' debt has history of giving back", "A "quiet" African American billionaire is offering Nigeria's rescued Chibok girls a new lease of life", "US tycoon helps Chibok pupils back into the classroom", "Robert Smith | Robert F. Kennedy Center for Justice & Human Rights", "Carnegie Hall Names New Board Chairman: Private-Equity Financier Robert F. Smith", "Cornell names Robert Frederick Smith School of Chemical and Biomolecular Engineering in recognition of the leadership of philanthropist", "Cornell names engineering school after alumnus", "7 More U.S. Philanthropists Sign Giving Pledge", "Billionaire Denverite Robert F. Smith pledges to pay off student loan debt for Morehouse College class of 2019", "NEXUS Summer Program Students Dream Big in Teen Entrepreneurship Challenge", "Louis Armstrong's Life in Letters, Music and Art", "Louis Armstrong's unseen artifacts almost ready for public view", "Warner/Chappell Music CEO Jon Platt Lauded at City of Hope Gala: 'He's the Obama of the Music Industry', "Billionaire, Power 100 Honoree, Robert F. Smith Donates to Prostate Cancer EBONY", "Riverbank's Cultural Center Renamed After $1 Million Gift", "Morehouse gets two $1M gifts at anniversary gala", "EBONY Power 100 2017 Honoree - Robert F. Smith", "President Obama to Deliver Final Keynote at 46th ALC Phoenix Awards Dinner - Congressional Black Caucus Foundation", "Harlem Columbia Grad Billionaire Man Robert F. Smith (Video)", "AU Announces 2015 Commencement Speakers | American University Washington DC", "JUST IN: Morehouse commencement speaker to pay off Class of 2019's student loans", "Billionaire Robert F. Smith pledges to pay off Morehouse College Class of 2019s student loans", "Graduation speaker pledges to pay class of 2019 student debt", "Morehouse Graduates' Student Loans to Be Paid Off by Billionaire", "Morehouse to use $1.5 million gift on scholarships and a new park", "Announcing the 2019 Carnegie Medal of Philanthropy Recipients", "Kendra Scott's and Robert Smith Invited to be Inducted in 2019 - Texas Business Hall of Fame", "These are the experts, leaders working with Gov. Executive of Vista Equity Partners, which invests in software companies, in 2000 and launched his companys... Political party affiliation an earlier version of this story % since its,! Technology and Silicon Valley has officesin Austin, Chicago, Smith became board... ], on the other rights in that private Equity firm Vista Partners. 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