[80][81], In May 2022, Cornell University announced a $15 million donation from Robert Frederick Smith that will provide financial aid to engineering students from historically underrepresented communities. Search Terms: Robert Smith Reset All Filters Page 3 of 1,139 First Previous 1 2 4 5 6 7 8 9 Next [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. Robert F. Smith is the Founder, Chairman and CEO of Vista Equity Partners, a leading global technology investment firm. Many private equity executives are regular donors to campaigns on both sides of the aisle, and Smith is no exception. Learn More About the Billionaire Whose Generosity Shocked a Graduating Class", "Billionaire Robert F. Smith Launches New Initiative to Ease Student Debt at Historically Black Colleges", "Black and Jewish Leaders Gather at Carnegie Hall to Take a Stand Against Antisemitism and Racism", "Mayor Eric Adams, Rev. [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. You are responsible for building strong, safe places where our young brothers and sisters can grow with confidence, watch and learn from positive role models, and believe that, they too, are entitled to the American Dream. -Robert F. Smith @RFS_Vista #MorehouseGrad2019 pic.twitter.com/CeMs6CxQkq, Morehouse College (@Morehouse) May 19, 2019. [60] Also in 2018, Smith donated $1 million to the Cultural Performance Center at the Denny Farrell Riverbank State Park in Harlem, which was later renamed the Robert Frederick Smith Center for Performing Arts. Vista uses a personality test developed by IBM, married in 2015 in a lavish ceremony on Italy's Amalfi Coast, a star-studded display that included entertainment, Smith promised to invest half of his net worth, Smith donated $20 million to the National Museum of African American History, started programs supporting music education. Smith later extended the gift, which Morehouse later said totaled $34 million, to cover the graduates' parents' loans, too. [3], In 1985, Smith graduated from Cornell University with a degree in chemical engineering. 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 ~55K unconnected households, Estimated impact (of all initiatives): 55K households connected to high-speed internet to unlock ~$1B in economic potential, Lead community organization: Charlotte Regional Business Alliance, 1. Smith's firm, Vista Equity partners, has officesin Austin, Chicago, New York City, Oakland, and San Francisco. He served as Chairman of the Philadelphia Democratic City Committee from 1983 to 1986 and as a member of the Pennsylvania State Senate for the 4th . At that point, Smith had been under a four-year criminal tax investigation dating back to 2014, theGrio reported. His father, Benjamin F. Smith, was a doctor. Just a month later, he joined Ivankas White House American Workforce Policy Advisory Board which is tasked with rejuvenating the job market. Smith persisted, calling each Monday for five months. ** 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. [1][9][10], After graduating from Cornell, Smith worked at Goodyear Tire and Rubber Company, Air Products & Chemicals, and later at Kraft General Foods as a chemical engineer,[1] where he registered two United States and two European patents. Jonathan Marino contributed to an earlier version of this story. [6], Smith was the first Black American to sign the Giving Pledge, pledging to donate most of his wealth to philanthropic causes before his death. Before he was wiping out Morehouse College student debt, he was patenting coffee brewing at Kraft", "Who Is Robert F. Smith, the Man Paying Off Morehouse Graduates' Loans? 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. 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. Smith's strategy as well as his work ethic have won him praise on Wall Street. Robert Frederick Smith (born December 1, 1962) is an American billionaire businessman and philanthropist. Political party: Republican: Spouse: Kaye Elizabeth Tomlinson (m. 1966) 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. [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. * In partnership with National Bankers Association and Appalachian Community Capital; CDFIs/MDIs being considered include: Unity National Bank, Unity Bank of Texas, PeopleFund, Houston Business Development Inc, etc. To empower technology companies in the enterprise software market, Smith launched Vista Equity Partners, a global investment firm, in 2000. 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. 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. Accessed August 25, 2021. Everything You Need To Know: What Is an HBCU? from 1999 to present. Contribution Totals. This grant helped digitize Armstrong's collection to make it available to the public. Voreacos, David; Weinberg, Neil. [43], In 2015, Smith sponsored the college education of all returned Boko Haram girls. [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. 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. After graduating, he began working in industry in Applied Research and Development and received two US and two European patents and numerous awards. The framework ignites innovation, demands fair access, and accelerates the careers of young people who have been overlooked and underestimated. EXCLUSIVE: Billionaire at center of Americas largest tax evasion probe made friends with the Trumps, praised Ivanka and rented near Mar-a-Lago after paying off Morehouse students debts. Daily Mail. The payments were made through the Morehouse College Student Success Program. Smith said, The vision I was sold as a kid is unraveling. 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. [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. He argued for the importance of a set aside (for minority owned small businesses in #PPP) and we agreed. 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. 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. In 2013,BEnamed the firm BE100s Financial Services Company of the Year and Smith as one of the Most Powerful Blacks on Wall Street. Smith is chairman and chief executive of Vista Equity Partners. Robert Smith. [1] He attended Willamette University in Salem, Oregon, graduating in 1953 with a bachelor's degree in agriculture. I see the little tears in the fabric of society every day. "I tell people there's nothing greater than liberating the human spirit," Smith told Business Insider about the gift. 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. Smith said, On behalf of the eight generations of my family who have been in this country, were going to put a little fuel in your bus. https://t.co/DdOhjvxaWJ. And in 2018, Smith dropped $59 million on a three-story New York City penthouse in the Getty, a new luxury building in Chelsea. They are also used to choose convention . Incredible supporter of the administrations actions on HBCUs, Ivanka said at the Sept. 23 event that Smith attended virtually. [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. 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. Robert is . Estimated impact (of all initiatives): ~$330M+ in additional loans per year to support ~30K+ MBEs, Lower financial burden for Black students, increase number of Black college graduates, increase Black workforce and executive representation and their access to high-paying jobs, 6. Now, Ive got the alumni over here, and this is a challenge to you, alumni: this is my class, 2019. 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. 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. 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. 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! [22], In 2016, Smith was named as Private Equity International's Game Changer of the Year for his work with Vista. He is a male registered to vote in Connecticut. [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. He's the founder of the . Accessed August 25, 2021. [1][4], In high school, he applied for an internship at Bell Labs but was told the program was intended for college students. 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. Steve Smith: 19.60%: . Adeniji, Ade. 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. [5] The wedding was attended by F. F. Montgomery, the Speaker of the Oregon House of Representatives, among others. Billionaire investor Robert Smith on providing financial help for minority-owned small businesses. 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. Smith's former colleagues at Goldman Sachs were initially skeptical of his new venture. In 1689, the British Parliament passed an extensive bill of rights, including the right to keep and bear arms (the people had just had to fight a real civil war). Smith attended Cornell University as an undergraduate, then attended Columbias School of Business to get his MBA. Robert has been a great champion for improving access to capital in distressed communities. [2][50], Also that year, Cornell University named the Robert Frederick Smith School of Chemical and Biomolecular Engineering after him, following a donation. 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. What to know about Robert F. Smith, the man paying off Morehouse grads student loans. CNN Business. About Robert F. Smith. Robert F. Smith. did not show up, he got the position, and that summer he developed a reliability test for semiconductors. [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. Vista manages a robust investment platform by applying market expertise across private equity, permanent capital, credit and public equity investment strategies. "I dug up the phone number for Bell Labs to ask about summer internships," Smith said. As of April 2021, Smith was the wealthiest Black American, with a net worth of $6 billion. February 24, 2021. Smith served in Congress until 1995. It looks like billionaire Robert F. Smith has caught the attention of the feds who are looking at him for potential tax crimes according to a report from Bloomberg. "Former congressman, felon Cooley may run for office again", "House Speaker Smith Not Conservative or Liberal", "Former Oregon Congressman Bob Smith Fatally Injured a Pedestrian", "Former U.S. Rep. Bob Smith kills pedestrian in Medford", "Former Oregon Congressman Bob Smith Dies at 89", Biographical Directory of the United States Congress, Chairmen of the United States House Committee on Agriculture, https://en.wikipedia.org/w/index.php?title=Bob_Smith_(Oregon_politician)&oldid=1122471336, Speakers of the Oregon House of Representatives, Republican Party members of the United States House of Representatives from Oregon, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 17 November 2022, at 19:23. Smith was worth an estimated $2.5 billion, as of 2016. Download our newest episodes now! Robert, on the other hand, has donated more than $250,000 to Republican campaigns and political groups. What a time to be a Morehouse Man. Robert your voice will be a great addition to the board going forward.. [11] From 1994 to 2000, he worked for Goldman Sachs in technology investment banking, first in New York City and then in Silicon Valley. Smith later extended the gift to cover educational debt amassed by the 400 graduates' parents, Morehouse said in a September 20 press release. * 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. During his commencement speech at Morehouse College on Sunday, Smith received an honorary degree, then proceeded to tell the class of 2019 that he would be paying for their cumulative student debt. [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. He was a Democratic U.S. The couple has two children together, and Smith has three other children from a previous marriage. 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. Download all contribution records for this person. Billionaire Robert F . 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. They divorced in 2014. [7], In 2014, Robert Smith founded the Fund II Foundation, a grant making philanthropic group. [2] He attended Carson Elementary School and East High School[3] in Denver. [6], Smith died on September 21, 2020, in Medford, Oregon at the age of 89. Robert F Smith (born 1957) is listed at 46 Railroad Avenue Madison, Ct 06443 and has no political party affiliation. The same year, Smith began working at Goldman Sachs as an investment banker focused on investments in technology and Silicon Valley. He is a male registered to vote in Connecticut. Boswell, Josh. Conduct advocacy: askUS Treasury & Tennessee Stateto allow Tennessee CDFIs/MDIs to retain SSBCI capital & offer loan guarantees to boost loan issuance, 5. He worked as a rancher until his election to the Oregon House of Representatives in 1960. He also attended Columbia Business School and ended up serving as co-chief of the investment banking division at Goldman Sachs. Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners, appeared on Today, MSNBCs morning program on Nov. 10, 2021, to talk about his collaboration with Goalsetters One Stock. American investor, inventor, engineer, philanthropist, entrepreneur.
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