Fund SFI program $12M: fund the Student Freedom Initiatives Income Contingent Alternative to Parent Plus to support ~120 Black STEM students per year forever at 3 HBCUs*, * Minority Serving Institutions / HBCUs being considered: Dillard University, Southern University New Orleans and Xavier University of Louisiana, 6. https://t.co/DdOhjvxaWJ. View the voter registration of Robert F Smith (born 1952) from East Greenwich, Rhode Island. 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. Smith is the richest black person in the United States, with a net worth of $5 billion, according to Forbes. Robert F. Smith. [3], In 1985, Smith graduated from Cornell University with a degree in chemical engineering. [1] He attended Willamette University in Salem, Oregon, graduating in 1953 with a bachelor's degree in agriculture. Since then, he has reportedly amassed an additional $2.5 billion, and his net worth in March was believed to be $5 billion. July 14, 2016. 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. 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. 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. Vista has posting annualized returns of 22% since its beginning, according to Forbes. [25] In a June 2020 report, Time reported the launch of The Student Freedom Initiative, a nonprofit led by Smith, to benefit HBCU students. Under his leadership, the firms portfolio has grown to include some of the worlds leading enterprise software companies. *Uh oh. [5] The wedding was attended by F. F. Montgomery, the Speaker of the Oregon House of Representatives, among others. ** 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. Vista Equity partners, has officesin Austin, Chicago, Smith and his wife bought a $20 million Malibu mansion. Born in Prussia, Wagner migrated with his family to the United States in 1885. [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. [14], Robert Smith is a proponent of the 2% Solution, a plan to close the wealth gap between white and Black Americans by encouraging all businesses in the United States to invest 2% of their profits for ten years into Black communities. [19]. 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. (Non-profit). Jordan Hart. They gave us feedback and we made changes, Mnuchin told the Washington Post in June as part of a profile on the businessman. Today, Smith is Vistas Chairman and CEO. 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. 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. Smith also donated $5,000 to Republican Mitt Romney, according to the research group. 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. "Patriot Mobile Action is a new entity created to put . Boswell, Josh. [1] He grew up in a predominantly African American, middle-class neighborhood in Denver, Colorado. Provide technical expertise: offer subject matter and technical expertise to catalyze and support community initiatives, E.g., tax/accounting experts to help MBEs file taxes, E.g., business experts to help MBEs better access capital and craft business plans to scale their teams and operations, 2. 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. Smith was born in Portland, Oregon, and grew up in Burns, Oregon. In May and June, Smith made daily calls to Secretary Mnuchin regarding the COVID-19 pandemic. What is the Southern Communities Initiative? Robert F. Smith. 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. Estimated impact (of all initiatives): ~$330M in additional loans per year to support ~30K MBEs, 5. Visit Business Insider's homepage for more stories. [1] By January 1971, Smith and his wife had two sons and a daughter. In Austin, Smith has started programs supporting music education and minority entrepreneurship, according to The New York Times. 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 Smith founded Vista Equity Partners in 2000, which focuses on investing in technology companies. 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.". Lead community organization: The Collective Blueprint, Increase the volume and value of Black-owned businesses through corporate MBE spend and MBE startups & scaling, 1. Fund SFI program $120M: fund the Student Freedom Initiatives Income Contingent Alternative to Parent Plus* to support ~1.2K Black STEM students per year forever at 7 HBCUs**, * Student Freedom Initiative serves as lead (main contact if you are interested in learning more and funding this initiative). The Grapevine-based company and its political arm aren't shy about their goals and plan to expand such activism beyond Tarrant County. "I dug up the phone number for Bell Labs to ask about summer internships," Smith said. He's the "antithesis of [Blackstone CEO Steve] Schwarzman," a tech-industry banker told Business Insider. He is the richest of the seven Black billionaires in the United States, however. 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. Smith persisted, calling each Monday for five months. 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? And in 2018, Smith dropped $59 million on a three-story New York City penthouse in the Getty, a new luxury building in Chelsea. Robert Ferdinand Wagner I (June 8, 1877 - May 4, 1953) was an American politician. [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. 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. Offer technical assistance expertise: partner with the Charlotte Regional Business Alliance (CRBA) to advise/mentor ~200 MBEs on capital/loan access to help them scale from <$10M to $50M+, 3. Republican Party of Texas. Smith cooperated with the investigation and agreed to admit misconduct but will not be prosecuted, according to reports. He worked as an engineer at Goodyear Tire and Rubber Company, Air Products and Chemicals, and Kraft General Foods. 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. Would love your thoughts, please comment. [31][37] According to Smith's non-prosecution agreement, Brockman dictated "the unique terms and unorthodox structure to the arrangement" and he accepted the offer as a "unique business opportunity he eagerly wanted to pursue". He is the founder, chairman, and CEO of private equity firm Vista Equity Partners . [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. All Rights Reserved. Now he'll spend. [2][41][42] Also in 2014, Smith received an honorary doctorate from Huston-Tillotson University. Details may include related records, political party, location, and more. 7. Smith gave a commencement speech at American University's 2015 graduation, where he spoke about his earliest attempts to get work in Silicon Valley while he was still in high school. [90] He also has two sons and two daughters with his wife Hope. As one of the most active investors in the enterprise software market, Vista believes in the advancement of technology to create opportunity. The nonprofit is devoted to supporting the careers of recent college graduates in minority serving institutions. [12], In 2016, the Foundation gave $20 million to Smiths alma mater Cornell University to support its chemical engineering school. [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. 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. In 2017, he joined the Giving Pledge, pledging to donate a majority of his net worth during his lifetime. You have to focus on everything that you're doing, seconds at a time.". [76] Smith was included on the Time 100, Time's list of the 100 most influential people in the world, in 2020. February 24, 2021. Billionaire philanthropist Robert F. Smith is known for his circle of powerful associates but he reportedly sought out the friendship of the Trumps after paying off the debts of the Morehouse College of 2019. from 1999 to present. [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. [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. It worked, until now", "How Billionaire Robert Smith Avoided Indictment in a Multimillion-Dollar Tax Case", "A Buyout Fund C.E.O. A state supreme court plays a role in the checks and balances . Billionaire Robert F . * 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. Oregon Blue Book: Earliest Authorities in Oregon - Speakers of the House of Representatives of Oregon. The New York Times called Vista's hiring strategy "decidedly unusual" for how it uses tests to whittle down candidate lists. His bio from Black Enterprise reads in part. 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. Standup MBE fund $15M: standup/scale MBE fund* to offer more flexible access to capital arrangements 400-500 MBEs over 5 years, * Lead organization: The Collective Blueprint; Contributing local organizations for community strategy include (but not limited to): Community Unlimited, Womens Business Center South, Epicenter, others, Estimated impact (of all initiatives): 2.3x increase in MBE value & 20K+ new jobs, boosting Black communitys net worth by ~$3B+, Modernize CDFI/MDI systems and tech as well as recruit and upskill talent to increase CDFI/MDI capacity and ability to inject more capital into Black communities, 3. [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. 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