What is the Southern Communities Initiative? Robert F. Smith. 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. 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. Smith founded Vista Equity Partners in 2000, which focuses on investing in technology companies. Since then, he has reportedly amassed an additional $2.5 billion, and his net worth in March was believed to be $5 billion. He is a male registered to vote in Connecticut. [7][8] In 1994, he received his Master of Business Administration from Columbia University with concentrations in finance and marketing. July 14, 2016. They divorced in 2014. 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. 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. Accessed August 25, 2021. As a high schooler, Smith convinced Bell Labs to give him an internship even though they were reserved for college students. We have to do something for our community., NEW YORK, NY DECEMBER 06: Robert Smith attends RFK Human Rights? [65][66] He was awarded an honorary doctorate of International Affairs from American University's School of International Service[67][68] and an honorary doctorate from Morehouse College. 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. 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. The Grapevine-based company and its political arm aren't shy about their goals and plan to expand such activism beyond Tarrant County. 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. Joseph Francis Smith (January 24, 1920 - May 14, 1999), was an American politician from Pennsylvania who served as a Democratic member of the United States House of Representatives for Pennsylvania's 3rd congressional district from 1981 to 1983. Robert F. Smith in Berlin, February 2018 ( link) Robert Smith is a billionaire American businessman, financier, and philanthropist who amassed his fortune as the founder and CEO of Vista Equity Partners. 2012 Election Cycle. Vista manages a robust investment platform by applying market expertise across private equity, permanent capital, credit and public equity investment strategies. 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. [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. 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 . Robert F. Smith replied to rodheadlee 's topic in Social Hall False. 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. You have to focus on everything that you're doing, seconds at a time.". 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. Now, Ive got the alumni over here, and this is a challenge to you, alumni: this is my class, 2019. 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. Smith left Goldman Sachs, where he worked on tech M&A, in 2000 and launched his own private equity firm. One Future. initiative. In 2013,BEnamed the firm BE100s Financial Services Company of the Year and Smith as one of the Most Powerful Blacks on Wall Street. [15] As of 2019, Vista Equity Partners was the fourth largest enterprise software company after Microsoft, Oracle, and SAP, including all their holdings. A state supreme court plays a role in the checks and balances . Robert D. Burns III (unopposed) 100.00%: . 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). He is a male registered to vote in Connecticut. Fund II Foundation 990. IRS. The two previously knew each other as titans in the business specter. 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. To a Spreadsheet or Other File Type. [2][41][42] Also in 2014, Smith received an honorary doctorate from Huston-Tillotson University. He was a Democratic U.S. [5], On February 8, 2016, Smith struck and killed a pedestrian while driving in Medford, Oregon. The couple has two children together, and Smith has three other children from a previous marriage. [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. In 2016, Smith donated $20 million to the National Museum of African American Historyand Culture in Washington, DC. Al Sharpton, Robert F. Smith, Robert F. Smith, Rev. did not show up, he got the position, and that summer he developed a reliability test for semiconductors. [53] In May 2017, The Giving Pledge announced that Smith had joined as its first African-American signatory. And my family is making a grant to eliminate their student loans.. [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. to 10K+ youths, 7. 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. He argued for the importance of a set aside (for minority owned small businesses in #PPP) and we agreed. 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. Follow Robert F. Smith on social media for the latest on his work as a business and philanthropic leader. Throughout his life, Smiths commitment to philanthropy and equity has never wavered, and finding ways to make a difference in the communities where he lives and works is central to his character and approach to life. Have you subscribed totheGrios podcastDear Culture? 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. Yes, he's richer than Oprah. Issue digital access equality bonds: issue equality progress bonds and invest proceeds into SCIs digital access initiatives, 5. Oregon Blue Book: Earliest Authorities in Oregon - Speakers of the House of Representatives of Oregon. The measures even included allegedly shutting down the home's 15 bathrooms to guests in favor of outdoor port-a-potties at their Florida . Smith was born in Portland, Oregon, and grew up in Burns, Oregon. Conduct advocacy: askUS Treasury & Tennessee Stateto allow Tennessee CDFIs/MDIs to retain SSBCI capital & offer loan guarantees to boost loan issuance, 5. [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. Talk about a graduation gift! "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. 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. Abbott's strike force to reopen Texas", "Why graduates of elite universities dominate the Time 100 and what it means for the rest of us", "Billionaire Robert Smith Launches $1.8M Program to Provide Microgrants to HBCU Students In Need", "Robert F. Smith Launching $1.8M Grant Program For HBCU Students", "For(bes) The Culture Newsletter: April Showers Bring Forth Impact And Influence In The White House, In Media And In Entrepreneurship", "Robert F. Smith Pledges $3.8M To Build Mobile Unit That Helps Black Men Be Proactive About Prostate Health", "Cornell receives $15 million for minority engineering student aid", "Exclusive FLOYD MAYWEATHER MAKING 'LAST DANCE' STYLE DOCUSERIES 'The GOAT', "Floyd Mayweather's "The GOAT" docuseries is officially in the works", "Floyd Mayweather Will Tell His Story His Way With 'The GOAT' Docuseries", "Floyd Mayweather Inks Life-Rights Deal With Hidden Empire Films, Announces 'The GOAT' Docuseries About Life and Career", "Hope Dworaczyk Smith Pregnant With Second Child! "[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. Smith Pays Off Morehouse Graduates Student Loans. "[27], In December 2022, taking a stand together against increasing instances of racism and antisemitism in the US, Smith joined New York City Mayor Eric Adams, Reverends Al Sharpton and Conrad Tillard, World Values Network founder and CEO Rabbi Shmuley Boteach, and Elisha Wiesel to host 15 Days of Light, celebrating Hanukkah and Kwanzaa in a unifying holiday ceremony at Carnegie Hall. Contents 1 Early life 2 Career 3 Vista Equity Partners 4 Philanthropy 5 Politics 6 Tax evasion 7 Other achievements 8 Personal life 9 References He also attended Columbia Business School and ended up serving as co-chief of the investment banking division at Goldman Sachs. [3] Between 1965 and 1969, Smith was the president of the Oregon Public Land Commission. 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. The nations top corporations can reverse this by rebuilding these key infrastructures by allocating 2% of their net profits for the next 10 years to four key pillars: Banking and Financial Services, Healthcare, Education and Technology and the Digital Divide. His father, Benjamin F. Smith, was a doctor. Accessed August 25, 2021. Smith did not flee the scene, was cooperative with investigators, and was determined to not be under the influence of intoxicants at the time of the wreck. 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 . Access your favorite topics in a personalized feed while you're on the go. [7], Smith was named in The Chronicle of Philanthropy's "Philanthropy 50" in 2017. "They said I could apply if I were a junior or senior in college. [19]. Smith's former colleagues at Goldman Sachs were initially skeptical of his new venture. Billionaire Robert Smith Fighting U.S. Criminal Tax Inquiry. Bloomberg. 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. Jonathan Marino contributed to an earlier version of this story. Still, the apple didn't fall too far from the tree: Ziff gave to Republican legislators.

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