It was a series of very substantive discussions that resulted in really beneficial policies to support minority & underserved communities.https://t.co/qt05ua8jMJ, Ivanka Trump (@IvankaTrump) June 25, 2020. as well as other partner offers and accept our, Ricky Carioti/The Washington Post via Getty Images, Ricky Carioti/The Washington Post via Getty Images), http://robertfsmith.org/post/118605075721/robert-f-smith-is-the-founder-chairman-and-ceo. Smith has achieved a series of historic milestones throughout his life. Accessed August 25, 2021. Billionaire, philanthropist Robert F. Smith lobbies Washington, Wall Street for funding for minority businesses during pandemic - The Washington Post Advertisement This article was. The couple married in 2015 in a lavish ceremony on Italy's Amalfi Coast, where theyrented out the Hotel Villa Cimbrone and put on a star-studded display that included entertainment from Seal, John Legend, and Bryan McKnight. The Grapevine-based company and its political arm aren't shy about their goals and plan to expand such activism beyond Tarrant County. Robert F. Smith Discusses his Goalsetter Gift on MSNBC Today. Smith reportedly approached the agency for amnesty from prosecution under a program for Americans who did not report offshore assets but the request was declined. [4] Upon his return, he was elected chairman of the House Agriculture Committee, but only served one term before retiring for good. [1] He attended Willamette University in Salem, Oregon, graduating in 1953 with a bachelor's degree in agriculture. https://t.co/DdOhjvxaWJ. * In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: New Orleans Business Alliance (community convener), Liberty, TruFund, LiftFund, NewCorp, etc. 77th United States Secretary of the Treasury, Morehouse College Student Success Program, Billionaire Robert Smith reaches $140 million tax settlement with DOJ. If youre successful and do the hard work and focus on your job, focusing on the mission instead of the role, your success will be recognized and given visibility. Smith's firm, Vista Equity partners, has officesin Austin, Chicago, New York City, Oakland, and San Francisco. He is a male registered to vote in Connecticut. [2], After more than a decade out of politics, Smith was elected to Congress from Oregon's 2nd congressional district in 1982. [25] In a June 2020 report, Time reported the launch of The Student Freedom Initiative, a nonprofit led by Smith, to benefit HBCU students. Mayweather said: As someone who owns his own brand, I cant think of better partners than Deon (Deon Taylor), Roxanne (Roxanne Avent Taylor), Robert F. Smith the wealthiest African American in the world and Hidden Empire Films, a prolific Black-owned production company.[86], In 1988, Smith married his first wife, fellow Cornell alum Suzanne McFayden. Share Background Report Overview of Robert F Smith Jr Lives in: Findlay, Ohio Phone: View phone number Age: 70 Robert Smith Jr's Voter Registration As one of the most active investors in the enterprise software market, Vista believes in the advancement of technology to create opportunity. In 2016, Smith donated $50 million to his alma mater. When a student from M.I.T. Scale Black Business Works Fund $10M: grow the Urban League of Louisianas Black Business Works Fund to support ~3K-4K MBEs over 5 years with emergency working capital needs to support/sustain ~$1B+ in annual revenues, 2. And I thought, what can I do to uplift their spirit that is already high? In particular, his philanthropy honors the sacrifices and contributions of his parents, grandparents and African American ancestors who he says paved the way for his success. Smith became one of the most recognizable members of the three-comma club after announcing during his May 2019 commencement address at Morehouse College in Georgia that he would pay off all the student loans owed by the entire graduating class. [43], In 2015, Smith sponsored the college education of all returned Boko Haram girls. Oregon Blue Book: Earliest Authorities in Oregon - Speakers of the House of Representatives of Oregon. * 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. Smith cooperated with the investigation and agreed to admit misconduct but will not be prosecuted, according to reports. [37], According to reports in Bloomberg and The Washington Post, Brockman approached Smith in the 1990s about creating a private equity fund and offered to back the initial fund. Many private equity executives are regular donors to campaigns on both sides of the aisle, and Smith is no exception. to 10K+ youths, 7. The district's incumbent, freshman Republican Denny Smith (no relation), opted to run in the newly created 5th district after it absorbed much of the western portion of the old 2nd, including Denny Smith's home in Salem. At that point, Smith had been under a four-year criminal tax investigation dating back to 2014, theGrio reported. [7], Smith was named in The Chronicle of Philanthropy's "Philanthropy 50" in 2017. Accessed August 25, 2021. This singular focus over the past two decades enabled Vista to develop an adaptable, analytical approach to growth and cultivate a network of companies composed of industry leaders across end markets. Robert is . from 1999 to present. [4] In 1994, Smith earned an MBA from Columbia University and pivoted his career towards business and finance. Billionaire Robert Smith reportedly got closer to Ivanka Trump as the IRS closed in on him. Two years ago, Fund II Foundation developed Cradle to Greatness, a framework that aligns our strategic grantmaking priorities with outcomes that prepare and propel generations of talent. Fund endowment $2M: support 50 University of Alabama at Birmingham college students per year with housing to reduce their financial burden and increase college retention and graduation rates, Estimated impact (of all initiatives): 6.5K+ additional college graduates & 35K workers with high-paying wages to drive ~$1.2B in economic growth, 6. He's the "antithesis of [Blackstone CEO Steve] Schwarzman," a tech-industry banker told Business Insider. 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. May 28 He worked as a rancher until his election to the Oregon House of Representatives in 1960. Contribution Totals. However, that did not stop Ivanka from aligning herself with the tech giant. Robert F. Smith prioritizes making a difference in the communities where he lives and works. Smith's work individually and in conjunction with the Fund II Foundation has helped fund racial equity and educational reform initiatives, outdoor access and historic preservation efforts, as well as internships and career pipeline opportunities for . Accessed August 25, 2021. [19]. Smith's former colleagues at Goldman Sachs were initially skeptical of his new venture. After Smith made that announcement, you can see the shock and celebration take place in the audience, as the students registered fully what Smith was saying. It worked, until now", "How Billionaire Robert Smith Avoided Indictment in a Multimillion-Dollar Tax Case", "A Buyout Fund C.E.O. Increase MBE certification and scale technical assistance ~$2M: partner with One Houston Together* and the Houston Minority Supplier Development Council (HSMDC)** to certify additional MBEs, develop Minority Business Finder database tool and provide resources andservices to help local MBEs scale and participate in Pathways to Excellence program, 3. For his 60th birthday, billionaire Robert F. Smith's wife threw him a James Bond-themed party. Accelerate SCIs digital access initiatives up to $35M in donations or in-kind: partner with New Orleanss Office of Information Technology & Innovation and Education SuperHighway to invest in setting up internet connections / hotspots, offering laptops/Chromebook and supporting adoption (through government subsidy technical assistance and digital literacy) to connect ~55K homes to high-speed internet in Greater New Orleans region, 8. [3] Between 1965 and 1969, Smith was the president of the Oregon Public Land Commission. He also joined Ivanka Trumps advisory committee and rented a home near Mar-A-Lago, one of President Trumps properties. He also attended Columbia Business School and ended up serving as co-chief of the investment banking division at Goldman Sachs. We have to do something for our community., NEW YORK, NY DECEMBER 06: Robert Smith attends RFK Human Rights? Conduct advocacy: askUS Treasury & Tennessee Stateto allow Tennessee CDFIs/MDIs to retain SSBCI capital & offer loan guarantees to boost loan issuance, 5. 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. [69], In May 2019, while at Morehouse College to receive an honorary doctorate and deliver the commencement address, he announced that he and his family would pay off the entire student loan debt of the 2019 Morehouse College graduating class of 396 students. After graduating, he began working in industry in Applied Research and Development and received two US and two European patents and numerous awards. [1][4], In high school, he applied for an internship at Bell Labs but was told the program was intended for college students. Smith's held the party at his waterfront estate in Palm Beach, Fla. Sotheby's International Realty Attendees weren't encouraged to enter the $48 million house a 25,000-square-foot spread. Pick one school and unburden an entire generation. Access your favorite topics in a personalized feed while you're on the go. Celebrating Famous Black People From History, founding director and President of the Fund II Foundation, Learn About The Southern Communities Initiative, National Telecommunications and Information Administration (NTIA), Income Contingent Alternative to Parent Plus, Houston Minority Supplier Development Council (HSMDC), Office of Information Technology & Innovation, Charlotte Regional Business Alliance (CRBA). TheGrio is now on Apple TV, Amazon Fire, and Roku. Smith is the richest black person in the United States, with a net worth of $5 billion, according to Forbes. Accessed August 25, 2021. Under his leadership, the firms portfolio has grown to include some of the worlds leading enterprise software companies. [18], Also in October, the Daily Mail reported that Smith had attempted to curry favor with then-President Donald Trump (R) and his advisors during the investigation. to help 100+ MBEs scale from <$1M to $5M+ in annual revenue, Estimated impact (of all initiatives): 3x increase in annual MBE revenue & 8K+ new jobs, boosting Black communitys net worth by ~$2B+, 3. Accessed August 25, 2021. He founded Vista Equity Partners, which invests in software companies, in 2000. Everything You Need To Know: What Is an HBCU? Lives in: Madison, Connecticut Phone: (860) 922-4202. [13][14], In 2000, Smith founded Vista Equity Partners, a private equity and venture capital firm of which he is the principal founder, chairman and chief executive. chairman for the Robert F. Kennedy Center for Justice and Human Rights. Smith Pays Off Morehouse Graduates Student Loans. This effort will drive corporate collaboration with local grassroots community organizations to help achieve scalable projects that can be rolled out across the country wherever inequity exists. Fund scholarships and hire coaches ~$35M: scale Birmingham Promise fund to financially support 200-250 students per year over 4 years to increase college retention and graduation rates, 5. Includes location, related records, political party, and more. Robert F Smith (age 70) is listed at 2433 Aberdeen Dr Findlay, Oh 45840 and has no known political party affiliation. Vista Equity partners, has officesin Austin, Chicago, Smith and his wife bought a $20 million Malibu mansion. * Minority Serving Institutions / HBCUs in Charlotte that are being considered: Johnson C. Smith University, Johnson & Wales University Charlotte, Charlotte Christian College, 6. Fund II Foundation 990. ProPublica. As of April 2021, Smith was the wealthiest Black American, with a net worth of $6 billion. Smith donated $50 million to his alma mater. In Austin, Smith has started programs supporting music education and minority entrepreneurship, according to The New York Times. After the applause and chants of MVP died down, he also said in part, I know my class will make sure they pay this forward and I want my class to look at these alumnus, these beautiful Morehouse brothers, and lets make sure every class has the same opportunity going forward., Robert F. Smith endowed a scholarship for 1.5M in January. Al Sharpton, Robert F. Smith, Robert F. Smith, Rev. He is the founder, chairman, and CEO of private equity firm Vista Equity Partners. And I thought liberating 400 spirits 400 years after 1619 is probably a good, good thing to do.". [74] Smith was also inducted into the Texas Business Hall of Fame as a Class of 2019 Legend. [75] In April 2020, Governor Greg Abbott named Smith to the Strike Force to Open Texas a group "tasked with finding safe and effective ways to slowly reopen the state" amid the COVID-19 pandemic. [31] In October 2020, Smith reached a non-prosecution agreement with the United States Department of Justice (DOJ), agreeing to pay a fine of $139 million. Data on individual contributors includes the following: The following are examples of the various types of contributor searches that may be conducted: Search an individual contributor by their last and/or first name. Sources told Bloomberg on Wednesday that Smith reached a $140 million settlement with the Department of Justice. [1] When he was an infant, his mother apparently carried him at the March on Washington, where the Rev. 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. 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. Columbia Business School Smith's generous gift of $15 million to the Columbia Business School in 2017, helped the School secure its $500 million fundraising goal for its move to Manhattanville. 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. August 21, 2020. The gift will support an undergraduate scholarship fund to provide at least 7 students a year from urban high schools with up to $45,000 in grants, in addition to setting up a graduate fellowship fund to support 12 masters students and five doctoral students who attended historically black colleges and universities. Robert your voice will be a great addition to the board going forward.. Moving Forward. Robert F. Smith Talks About the Future of His Philanthropy. Inside Philanthropy. [2], In 2020, Smith was implicated in alleged tax scheme tied to offshore businesses and the Fund II Foundation and agreed to pay $139 million in penalties and forgo tax exemptions on $182 million in charitable giving. [3], In 1985, Smith graduated from Cornell University with a degree in chemical engineering. Fund II Foundation 990. IRS. As of April 2021, Smith was the wealthiest Black American, with a net worth of $6 billion. He is the Founder, Chairman and CEO of Vista Equity Partners, focused on investing and partnering with leading enterprise software companies. He worked as an engineer at Goodyear Tire and Rubber Company, Air Products and Chemicals, and Kraft General Foods. 7. * 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. Some of their responsibilities include overseeing the Primary, Candidate Filing, and other elections; chairing County Executive Committee Meetings; organizing and leading the local party; as well as overseeing and/or assisting with precinct and county or Senate District Conventions as required. They gave us feedback and we made changes, Mnuchin told the Washington Post in June as part of a profile on the businessman. [55][56], In 2018, Fund II Foundation gave a $2.7 million grant to the Louis Armstrong House Museum, and Smith has served as a board member since. 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 teams to conduct needs diagnostic, implement tech solution & provide technical assistance. Since then, he has reportedly amassed an additional $2.5 billion, and his net worth in March was believed to be $5 billion. [28][29]Smith said: "When we unify the souls of our two communities, we can usher in light to banish the darkness of racism, bigotry, and antisemitism. Smith was born to Dr. William Robert Smith and Dr. Sylvia Myrna Smith, who were both school teachers. The 2% Solution is a groundbreaking idea for generational change in at-risk communities. Smith attended Cornell for undergrad but never lost touch with Bell Labs. Yes, he's richer than Oprah. During his 2019 commencement address at Morehouse College, a historically Black institution, Smith surprised the graduating class by pledging to pay off the entire class student loan debt a $34 million gift that helped nearly 400 graduates. [69][70][71][72] He had previously donated $1.5 million to the school in January 2019, to be used for scholarships and a park. [49], Smith became the board chairman of Carnegie Hall in 2016, the first African American to hold that position. [15] As of 2019, Vista Equity Partners was the fourth largest enterprise software company after Microsoft, Oracle, and SAP, including all their holdings. [10] [11], After the Morehouse College donation, the Fund II Foundation co-founded the Student Freedom Initiative with a $50 million grant. [5] The wedding was attended by F. F. Montgomery, the Speaker of the Oregon House of Representatives, among others. "They said I could apply if I were a junior or senior in college. 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. [31][37] Brockman also required the first fund to be located in the Cayman Islands and set aside some of the interest earned to protect him against losses. In particular, his philanthropy honors the sacrifices and contributions of his parents, grandparents and African American ancestors who he says paved the way for his success. Billionaire Robert F . Subsidize internships & apprenticeships $40M: fund the New Orleans Youth Alliance, YouthForce NOLA and the Urban League of Louisiana to place and help subsidize apprenticeships, internships and other work-based learning experiences for ~20K young adults in high-pay sectors (e.g., energy), 5. 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