[91], Smith owns homes in Austin, Texas, Malibu, California, New York City, Denver, and Florida. I see the little tears in the fabric of society every day. 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. 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. One hundred years later, our own Founding Fathers recognized the need for that and the other rights in that. In 2016, Smith donated $20 million to the National Museum of African American Historyand Culture in Washington, DC. You have to focus on everything that you're doing, seconds at a time.". Search Terms: Robert Smith Reset All Filters Page 3 of 1,139 First Previous 1 2 4 5 6 7 8 9 Next 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 ? At that point, Smith had been under a four-year criminal tax investigation dating back to 2014, theGrio reported. [6], Smith died on September 21, 2020, in Medford, Oregon at the age of 89. Smith also donated $5,000 to Republican Mitt Romney, according to the research group. For his 60th birthday, billionaire Robert F. Smith's wife threw him a James Bond-themed party. 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, Systems and technology modernization $10M-15M: Add/upgrade core banking systems, hardware and productivity tools, train frontline workforce on new systems & technology and hire engineering specialists to support customization and news systems rollout over 5 years, Talent and workforce $10M: hire and train additional frontline lending staff and invest in recruiting, training, compensation & benefits and retention to increase in-house expertise and loan capacity over 5 years, Other capacity-building and outreach $8M: hire additional staff to increase custom borrower and technical assistance (e.g., credit building, MBE financing options, etc.) Watch the latest videos of Robert F. Smiths speeches, TV interviews, and other appearances. Smiths gift to the class of 2019 was no small sum: according to AJC, the collective student debt amount for the entire class sits at around $40 million. * 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. [2][50], Also that year, Cornell University named the Robert Frederick Smith School of Chemical and Biomolecular Engineering after him, following a donation. Accessed August 25, 2021. He went on to study at Cornell and Columbia universities, and he worked at Goldman Sachs before starting his own investment firm. 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. He worked as a rancher until his election to the Oregon House of Representatives in 1960. Background Report. [25] In a June 2020 report, Time reported the launch of The Student Freedom Initiative, a nonprofit led by Smith, to benefit HBCU students. In Austin, Smith has started programs supporting music education and minority entrepreneurship, according to The New York Times. Robert F. Smith believes deeply in the need to give back and support communities. 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. Smith has achieved a series of historic milestones throughout his life. 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. TheGrio is now on Apple TV, Amazon Fire, and Roku. Smith has donated at least $1.6 million to the Democratic National Committee, according to Open Secrets, a non-profit, nonpartisan research group that tracks the effects of money and lobbying on elections and public policy. 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. 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. Smiths overtures materialized as he spoke with Mnuchin daily on coronavirus relief according to Mnuchin. Scale technical assistance $20M: fund the Urban League of Louisiana, New Orleans Business Alliance, Thrive New Orleans and Propellor to scale bookkeeping, B2C payment, marketing support & subsidized rent to scale 200+ MBEs from <$1M to $5M+ in annual revenue, Estimated impact (of all initiatives): 2.5x increase in MBE value & 8K+ new jobs, boosting Black communitys net worth by ~$2B+, 3. [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, which Morehouse later said totaled $34 million, to cover the graduates' parents' loans, too. Smith made a shrewd move in acquiring Sunquest Information Systems Inc., for a relative bargain price of $327 million$200 million in equity and $127 million in debt. *Uh oh. * 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. 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. Accessed August 25, 2021. [2] He attended Carson Elementary School and East High School[3] in Denver. 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. 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. * 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. Still, the apple didn't fall too far from the tree: Ziff gave to Republican legislators. [12] In 2018, Smith was included in Vanity Fair's New Establishment List, which is an annual ranking of individuals who have made impactful business innovations. 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 . Smith is chairman and chief executive of Vista Equity Partners. When a student from M.I.T. TheGrio is now on Apple TV, Amazon Fire, and Roku. "Patriot Mobile Action is a new entity created to put . In 2016, he was named the first African-American, as well as the first non-New Yorker, to be named the chairman of New Yorks Carnegie Hall. February 24, 2021. ", Another banker told Business Insider that Smith was "one of the smartest men I've ever met.". 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. Background Report. ** 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. Follow Robert F. Smith on social media for the latest on his work as a business and philanthropic leader. The banker went on to praise Vista, as well, saying "there is no shortage of PE shops that have succumbed to style creep and/or chasing fleeting trends, but Vista has remained focused on enterprise software and technology. [1] Her father was the clerk of Marion County. "I tell people there's nothing greater than liberating the human spirit," Smith told Business Insider about the gift. 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. Robert F. Smith in Berlin, February 2018 (, https://www.usatoday.com/story/money/2021/04/06/jay-z-kanye-west-and-tyler-perry-seven-richest-african-americans/4579811001/, https://www.cnn.com/2019/05/19/business/robert-smith-billionaire-morehouse-gift-trnd/index.html, https://www.insidephilanthropy.com/home/2021/2/24/robert-f-smith-talks-black-philanthropy-systemic-change-and-addresses-tax-scandal, https://books.google.com/books?id=nBaqDAAAQBAJ&q=Robert+Frederick+Smith+1962&pg=PT71#v=snippet&q=Robert%20Frederick%20Smith%201962&f=false, https://robertsmith.com/about-robert-f-smith/, https://projects.propublica.org/nonprofits/display_990/472396669/02_2021_prefixes_47-47%2F472396669_201911_990PF_2021021317706243, https://apps.irs.gov/pub/epostcard/cor/472396669_201911_990PF_2021021317706243.pdf, https://apps.irs.gov/pub/epostcard/cor/472396669_201711_990PF_2018120715985020.pdf, https://robertsmith.com/2-percent-solution/, https://robertsmith.com/southern-communities-initiative/, https://www.bloomberg.com/news/articles/2020-08-21/billionaire-robert-smith-fighting-u-s-criminal-tax-inquiry, https://www.dailymail.co.uk/news/article-8816479/Billionaire-befriended-Trumps-inner-circle-investigation-dodging-taxes.html, Fund II Foundation 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. Robert Frederick Smith (born December 1, 1962) is an American billionaire businessman and philanthropist. Moving Forward. Robert F. Smith Talks About the Future of His Philanthropy. Inside Philanthropy. 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. Robert F. Smith prioritizes making a difference in the communities where he lives and works. Toggle navigation VoterRecords.com. Smiths probe by the FBI became public knowledge in August. [1] He grew up in a predominantly African American, middle-class neighborhood in Denver, Colorado. The payments were made through the Morehouse College Student Success Program. 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. Details may include related records, political party, location, and more. Smith was born to Dr. William Robert Smith and Dr. Sylvia Myrna Smith, who were both school teachers. [73], In October 2019, Smith received the Carnegie Medal of Philanthropy, which is given to individuals who have donated private wealth to the public. Lives in: Madison, Connecticut Phone: (860) 922-4202. * 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. Conrad Tillard, Rabbi Shmuley Boteach and Elisha Wiesel join together to host '15 Days of Light,' celebrating Hanukkah and Kwanzaa", "Billionaire Robert Smith Fighting U.S. Criminal Tax Inquiry", "Houston Tech Mogul Indicted for 'Largest-Ever Tax Charge', "Billionaire philanthropist Robert Smith's tax fraud roils Vista Equity", "Read the full letter private equity titan Robert F. Smith sent to investors about his $139 million tax evasion settlement", "The IRS Reels in a Whale of an Offshore Tax Cheatand Goes for Another", "Offshore hvens and hidden riches of world leaders and billionaires exposed in unprecedented leak,", International Consortium of Investigative Journalists, "A dodgy deal helped make him a billionaire. [31][37], In early October 2021, Smith and Brockman were both among those listed in the Pandora Papers revelation, exposing the offshore sheltering of financial assets by hundreds of politicians, businesspeople, and celebrities. 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. Partygoers weren't . Oregon Blue Book: Earliest Authorities in Oregon - Speakers of the House of Representatives of Oregon. Smith earned a degree in chemical engineering from Cornell University. Have you subscribed totheGrios podcastDear Culture? 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 ~135K unconnected households, * Lead organization: The Collective Blueprint; Contributing local organizations for community strategy include (but not limited to): CodeCrew, Estimated impact (of all initiatives): ~135K households connected to high-speed internet to unlock ~$2B+ in economic potential, Lead community organization: Greater Houston Partnership, 1. Worked as a rancher until his election to the National Museum of African American, middle-class neighborhood in Denver tree! September 21, 2020, in Medford, Oregon at the age of 89 Smith #. 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