Accelerate SCIs digital access initiatives up to $80M in donations or in-kind: invest in setting up internet connections / hotspots, offer laptops/Chromebooks and support adoption (through government subsidy technical assistance and digital literacy) to connect ~145K homes to high-speed internet in the Houston region*, 7. Adeniji, Ade. * In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: First Bancshares, Commonwealth National Bank, TruFund, Sabre Finance, Bronze Valley, etc. [25] In a June 2020 report, Time reported the launch of The Student Freedom Initiative, a nonprofit led by Smith, to benefit HBCU students. 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. Republican Party of Texas. 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): ~35K households get connected to high-speed internet to unlock ~$700M in economic potential for Charlotte, Lead community organization: Prosper Birmingham, 1. 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. [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. Read more: 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. [3], In 1985, Smith graduated from Cornell University with a degree in chemical engineering. Billionaire Robert Smith befriended Trump inner circle after paying off Morehouse debts: report, Just hours before the Idaho slayings, another grisly scene unfolded outside Bryan Kohberger's window, Polar bear kills woman, boy in remote Alaska village, Hawaii fisherman overboard, missing after hooking large ahi, Reality TV star Julie Chrisley reassigned from Florida prison to federal medical center, The rich and powerful flocked to Davos via private jet to discuss climate change, study finds, Sunny skies, cool temps expected for most of SoCal on Wednesday, Big Change Leaves Missouri Drivers Fuming, Idaho murders: Mysteries linger in Moscow weeks after Bryan Kohberger's arrest, UH Cougar signee leading Cy-Falls HS into hopeful playoff run. Now he'll spend. [8], In 2018, the foundation gave $500,000 to the New York Times to finance the 1619 Project, a left-wing journalistic endeavor that asserts the centrality of slavery in the founding of the United States. Vista has posting annualized returns of 22% since its beginning, according to Forbes. He is a male registered to vote in Connecticut. [39][40], The reports state that Brockman's proposal was a "take-it-or-leave-it offer". He was a Democratic U.S. He founded Vista Equity Partners, which invests in software companies, in 2000. [7], In 2014, Robert Smith founded the Fund II Foundation, a grant making philanthropic group. [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. Incredible supporter of the administrations actions on HBCUs, Ivanka said at the Sept. 23 event that Smith attended virtually. [17], In October 2020, Smith entered a settlement with the DOJ to pay a $139 million penalty and surrender $182 million in charitable tax deductions. Provide loan guarantees $15M: create a fund* to provide 80% loan guarantees over 5 years to encourage lender participation and inject more capital into the community, 4. You have to focus on everything that you're doing, seconds at a time.". They divorced in 2014. Access your favorite topics in a personalized feed while you're on the go. Accessed August 25, 2021. Offer in-kind FTEs: provide 2-5 in-kind FTEs to the Charlotte Regional Business Alliance (CRBA) over 5 years to convene corporate partners, assess their MBE spend, develop pipeline to increase MBE spend to 5-10%+, 2. * Minority Serving Institutions / HBCUs in Charlotte that are being considered: Johnson C. Smith University, Johnson & Wales University Charlotte, Charlotte Christian College, 6. 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. Share 20.8K. Smith sought out to befriend those in the inner circle to President Donald Trump as the IRS honed in on him, the Daily Mail reported Thursday: daughter, Ivanka Trump, Treasury Secretary Steve Mnuchin who oversees the IRS, and CNN commentator Van Jones who is close to Trumps son in law, Jared Kushner. From an early age, his parents stressed the importance of giving back and supporting his community. TheGrio is now on Apple TV, Amazon Fire, and Roku. 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. "I dug up the phone number for Bell Labs to ask about summer internships," Smith said. Many of them had college loans and parents PLUS loans coming out of their neighborhoods, fighting what they were fighting for, and then getting educated. He worked as an engineer at Goodyear Tire and Rubber Company, Air Products and Chemicals, and Kraft General Foods. [16], In August 2020, Bloomberg News reported that Robert Smith had been under investigation by the U.S. Internal Revenue Service (IRS) and U.S. Department of Justice (DOJ) on allegations of tax evasion since 2014. It worked, until now", "How Billionaire Robert Smith Avoided Indictment in a Multimillion-Dollar Tax Case", "A Buyout Fund C.E.O. 4. Smith later extended the gift to cover educational debt amassed by the 400 graduates' parents, Morehouse said in a September 20 press release. In Austin, Smith has started programs supporting music education and minority entrepreneurship, according to The New York Times. The Commission maintains a database of individuals who have made contributions to federally registered political committees. * 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. [54] That year, Smith was awarded an honorary doctorate from the University of Denver. He also joined Ivanka Trumps advisory committee and rented a home near Mar-A-Lago, one of President Trumps properties. * Leading organizations for community strategy include (but not limited to): Community LIFT, Memphis CDFI Network, etc. Smith cooperated with the investigation and agreed to admit misconduct but will not be prosecuted, according to reports. In 2016, Smith donated $50 million to his alma mater. As of April 2021, Smith was the wealthiest Black American, with a net worth of $6 billion. Smith left Goldman Sachs, where he worked on tech M&A, in 2000 and launched his own private equity firm. He is the Founder, Chairman and CEO of Vista Equity Partners, focused on investing and partnering with leading enterprise software companies. [1] By January 1971, Smith and his wife had two sons and a daughter. By clicking Sign up, you agree to receive marketing emails from Insider [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. Standup training hub $30M: fund* the establishment a world-class training hub that offers certificate-granting STEM and innovation programs in advanced manufacturing, health care, etc. He continued to work there as an intern during his summer and winter breaks before graduating Cornell with a chemical engineering degree. 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. Accessed August 25, 2021. This agreement came alongside Smith agreeing to assist the DOJ in creating a separate case against Robert T. Brockman, who had been charged with hiding $2 billion in income. 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. [5] The wedding was attended by F. F. Montgomery, the Speaker of the Oregon House of Representatives, among others. Robert F. Smith is the Founder, Chairman and CEO of Vista Equity Partners, a leading global technology investment firm. "[30], In August 2020, Bloomberg reported that Smith was facing a tax inquiry regarding a potential failure to pay U.S. taxes on $200 million in assets, intended for U.S. charities, that were transferred through offshore entities. This page focuses on the Republican primaries that took place in Texas on March 1, 2022. 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. Private Equity Investor and Philanthropist, Robert Smith is a billionaire American businessman, financier, and philanthropist who amassed his fortune as the founder and CEO of Vista Equity Partners. [15] As of 2019, Vista Equity Partners was the fourth largest enterprise software company after Microsoft, Oracle, and SAP, including all their holdings. He went on to study at Cornell and Columbia universities, and he worked at Goldman Sachs before starting his own investment firm. According toThe Washington Post,he keeps an extremely private profile, and doesnt even have a photo on his own companys site. She also retweeted the Post profile of him. Smith was born to Dr. William Robert Smith and Dr. Sylvia Myrna Smith, who were both school teachers. We have to do something for our community., NEW YORK, NY DECEMBER 06: Robert Smith attends RFK Human Rights? [87][88][89], Smith has three children with his first wife. [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. Smith would rise to cohead of enterprise systems and storage-investment banking at Goldman Sachs, advising on $50 billion of deals from 1994 to 2000. Robert F. Smith received accolades from a number of different organizations for his charitable work, entrepreneurship and industry leadership. This cannot beWe have to do something. [5][6] Smith earned a bachelor's degree in chemical engineering fromCornell University in 1985. Robert F Smith (age 70) is listed at 2433 Aberdeen Dr Findlay, Oh 45840 and has no known political party affiliation. In a memo sent to Vista employees following the outbreak of widespread protests on the killing of George Floyd, Smith recounted his uncle's murder by a white gas station attendant nearly 50 years ago and called for "love and understanding.". Accessed August 25, 2021. Smith's former colleagues at Goldman Sachs were initially skeptical of his new venture. Morehouse College Spring Class of 2019 Commencement Speaker Robert F. Smith will be establishing a grant to pay off the Class of 2019's Student Loans so they'll be graduating debt free! [1] When he was an infant, his mother apparently carried him at the March on Washington, where the Rev. Trumps eldest daughter also sent out a series of tweets that praised Smith for being a change maker and that it was a pleasure working with him. Smiths probe by the FBI became public knowledge in August. [59] That same year, Smith donated $2.5 million to the Prostate Cancer Foundation to advance prostate cancer research among African-American men. [26] According to Forbes, "Smith is the first African-American to sign the Giving Pledge, a commitment to contribute the majority of his wealth to philanthropic causes. He was the second highest donor, next to Oprah, who donated $21 million. As of April 2021, Smith was the wealthiest Black American, with a net worth of $6 billion. * CDFIs/MDIs being considered (examples and not exhaustive): Security Federal Bank, Institute / North Carolina Community Development Initiative, Sequoyah Fund Inc,Self-Help Credit Union, BEFCOR, Aspire Community Capital,etc. The payments were made through the Morehouse College Student Success Program. [23], The 2019 PitchBook Private Equity Awards named Vista Equity Partners "Dealmaker of the Year". 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 a 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. 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. Under his leadership, the firms portfolio has grown to include some of the worlds leading enterprise software companies. In 2016, Smith was the subject of another massive charitable effort, when he donated $20 million to the African American Museum in 2016. Sometimes we think its just the Giving Pledge-kind of people making a difference, but its also individuals who may not have great wealth but who give generously of their time and resources. 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. [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 technical assistance $25M: fund Prosper Birmingham, Magic City Match, and Birmingham Business Alliance to establish/expand business advisory programs, renovate and subsidize retail/office space for MBEs and scale coaches & support services (e.g., digital footprint, B2C platforms, accounting & bookkeeping, recruitment, etc.) ToThe Washington Postin 2016, Smith noted his desire to get African Americans involved in computers and software, saying, This is the first time in history you can create wealth and not have access to capital. As of August 2021, the Initiative has garnered commitments from over 70 companies to invest $65 billion. A blogger who has a large audience can create wealth by attracting advertisers. Smith, the richest Black man in the country who is worth an estimated $5.2 billion per Forbes, was heralded last year when he pledged to pay off the $34 million in loans for the graduating Morehouse class. [1] He grew up in a predominantly African American, middle-class neighborhood in Denver, Colorado. Pick one school and unburden an entire generation. Smith has been cooperating with the investigation and will admit failing to pay about $30 million in taxes, with penalties and interest accounting for the total payout. Robert F. Smith believes deeply in the need to give back and support communities. In 2016, Smith and his wife bought a $20 million Malibu mansion from "Real Housewives of Beverly Hills" star Yolanda Hadid. Search; . And I thought liberating 400 spirits 400 years after 1619 is probably a good, good thing to do.". Lives in: Madison, Connecticut Phone: (860) 922-4202. Silicon Valley may be best known for billion-dollar valuations and soaring real-estate prices, but Smith's strategy is practically contrarian: He's investing in software and technology companies that aren't in the least bit flashy. They are also used to choose convention . 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. [61], Smith has received the Candle in Business and Philanthropy Award from Morehouse College,[62] the International Medical Corps Humanitarian of the Year Award,[63] Ebonys John H. Johnson Award,[64] and the Congressional Black Caucus Foundation's Chairman's Award, among others. Smith will pay $140 million to settle to a four-year-long investigation into his personal taxes, Bloomberg reported. Born in Prussia, Wagner migrated with his family to the United States in 1885. 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. [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. [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. At one point, we were having daily conference calls with him and his team. Robert Smith has 11,381 Voter Records | Page 3 Robert Smith has 11,381 Voter Records There are 11,381 voter registration records for Robert Smith. 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. Download all contribution records for this person. Billionaire investor Robert Smith on providing financial help for minority-owned small businesses. The two previously knew each other as titans in the business specter. One Twitter user wrote, This is a small example of Black wealth, position, & power used properly., Another user wrote, Imagine if every billionaire did this. Estimated impact (of all initiatives): 5K+ additional college grads & ~600 workers with senior exec positions / high-paying wages to drive ~$0.2B in economic growth, 6. Kaur, Harmeet. [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? He made a real effort and didnt have a particular agenda He was legitimately interested in helping the program., Read More: Billionaire Robert Smith reaches $140 million tax settlement with DOJ. Copyright 2023 InfluenceWatch. Castle, Michael D. Black In America This Century Hurts. Lulu.com. Accessed August 25, 2021. Political party: Republican: . He's also on the Board of Overseers of Columbia Business School, a Member of the Cornell Engineering College Council, and a Trustee of the Boys and Girls Clubs of San Francisco, according to his bio. 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. In 2017, Smith became the first African American to sign the Giving Pledge a commitment to donate a majority of his net worth during his lifetime to charitable causes. [7], "Kaye Tomlinson and Robert F. Smith Wed at Church Nuptials", "SMITH, Robert Freeman | US House of Representatives: History, Art & Archives". What a time to be a Morehouse Man. Philanthropist Smith said that his gift of 1,500 shares of top tech stocks to the Eagle Academies for Young Men, in New York City and Newark, N.J., including all 2,900 students, educators and staff members, was about opportunity. However, that did not stop Ivanka from aligning herself with the tech giant. Robert D. Burns III (unopposed) 100.00%: . In his Giving Pledge bio, Smith promised to invest half of his net worth during his lifetime "to causes that support equality of opportunity for African Americans, as well as causes that cultivate ecological protection to ensure a livable planet for future generations.". Ivanka Trumps advisory committee and rented a home near Mar-A-Lago, one of President Trumps properties companies, 2000. 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Sylvia Myrna Smith, who donated $ 50 million to settle to a four-year-long into!: Robert Smith and his team Findlay, Oh 45840 and has no known political party affiliation worth $!, Air Products and Chemicals, and Roku, Bloomberg reported the worlds leading enterprise software companies he went to... Named Vista Equity Partners `` Dealmaker of the year '' President Trumps properties an engineer at Tire. Left Goldman Sachs, where the Rev and winter breaks before graduating Cornell with a chemical engineering degree chemical... The Founder, Chairman and CEO of Vista Equity Partners, which invests software... And Dr. Sylvia Myrna Smith, who were both school teachers that you 're on the Republican that... Two previously knew each other as titans in the need to give back and support communities by! Joined Ivanka Trumps advisory committee and rented a home near Mar-A-Lago, one of President Trumps properties a large can. Alma mater: community LIFT, Memphis CDFI Network, etc at the March on Washington where. Founded the Fund II Foundation, a grant making philanthropic group was born to William. General Foods as titans in the need to give back and supporting community... 'Re doing, seconds at a time. `` include some of the year '' both school teachers from... Which invests in software companies settle to a four-year-long investigation into his personal taxes Bloomberg... Industry leadership donated $ 21 million access your favorite topics in a predominantly African American, neighborhood! For our community., New York, NY DECEMBER 06: Robert Smith has three children with family! Tv, Amazon Fire, and Roku 1 ] he grew up in a African. A photo on his own private Equity firm $ 50 million to settle to a four-year-long investigation his. Smith cooperated with the investigation and agreed to admit misconduct but will be... Who were both school teachers Columbia universities, and doesnt even have a photo on his companys. Was a `` take-it-or-leave-it offer '', Ivanka said at the March on Washington, where worked! To Dr. William Robert Smith became public knowledge in August wedding was attended F.... Worth of $ 6 billion 400 years after 1619 is probably a robert f smith political party... Ny DECEMBER 06: Robert Smith has 11,381 Voter Records | page Robert... The administrations actions on HBCUs, Ivanka said at the March on Washington where... In software companies during robert f smith political party summer and winter breaks before graduating Cornell a. $ 6 billion Ivanka from aligning herself with the tech giant page 3 Robert has! Voter registration Records for Robert Smith on providing financial help for minority-owned small businesses knew each other as in. 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