Komen. Today, Smith is Vistas Chairman and CEO. August 21, 2020. 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. How he made his billions. Here's a look at Smith's life and career. 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. [10] [11], After the Morehouse College donation, the Fund II Foundation co-founded the Student Freedom Initiative with a $50 million grant. This cannot beWe have to do something. In particular, his philanthropy honors the sacrifices and contributions of his parents, grandparents and African American ancestors who he says paved the way for his success. He is a male registered to vote in Connecticut. Oregon Blue Book: Earliest Authorities in Oregon - Speakers of the House of Representatives of Oregon. Robert F. Smith, CEO and founder of private equity firm Vista Equity Partners, will pay $140 million to settle to a four-year-long investigation into his personal taxes. [22], In 2016, Smith was named as Private Equity International's Game Changer of the Year for his work with Vista. Robert F Smith (age 70) is listed at 2433 Aberdeen Dr Findlay, Oh 45840 and has no known political party affiliation. 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. 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. 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. did not show up, he got the position, and that summer he developed a reliability test for semiconductors. Smith left Goldman Sachs, where he worked on tech M&A, in 2000 and launched his own private equity firm. Fund II Foundation 990. ProPublica. [48] He has donated to the Sphinx Organization, which supports diversity in the arts. 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. Robert F. Smith Discusses his Goalsetter Gift on MSNBC Today. He continued to work there as an intern during his summer and winter breaks before graduating Cornell with a chemical engineering degree. [32][33][34][35][36] According to the DOJ, Brockman, the backer of Smiths first private equity fund, led him to use the offshore trust that concealed income. It was a series of very substantive discussions that resulted in really beneficial policies to support minority & underserved communities.https://t.co/qt05ua8jMJ, Ivanka Trump (@IvankaTrump) June 25, 2020. [5], On February 8, 2016, Smith struck and killed a pedestrian while driving in Medford, Oregon. Offer more paid internships: signup onto InternX and offer 25+ additional paid internships per year to HBCU/Black students, 4. Background Report. 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. Under his leadership, the firms portfolio has grown to include some of the worlds leading enterprise software companies. October 8, 2020. As one of the most active investors in the enterprise software market, Vista believes in the advancement of technology to create opportunity. In May, Smith appeared on NBCs Meet the Press and deemed the leadership in Washington, people like Ivanka Trump and Senator [sic] Mnuchin, who have been very engaged with the Black community. 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! 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. Commit to increase racial diversity in supply chain and procurement: increase MBE spend in Greater Houston region* to 5-10%+, * One Houston Together serves as lead (please contact if you are interested in funding these initiatives), ** Houston Minority Supplier Development Council (HSMDC) serves as a partner organization (please contact if you are interested in learning more about this initiative), Estimated impact (of all initiatives): 2.5x increase in MBE value & ~55K new jobs, boosting Black communitys net worth by ~$12B, 4. Smith attended Cornell University as an undergraduate, then attended Columbias School of Business to get his MBA. Smith also serves as the chairman for the Robert F. Kennedy Center for Justice and Human Rights. 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. [15] As of 2019, Vista Equity Partners was the fourth largest enterprise software company after Microsoft, Oracle, and SAP, including all their holdings. from 1999 to present. American investor, inventor, engineer, philanthropist, entrepreneur. He was Speaker of the House for the 1969 and 1971 sessions. [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. [49], Smith became the board chairman of Carnegie Hall in 2016, the first African American to hold that position. Background Report. [69], In May 2019, while at Morehouse College to receive an honorary doctorate and deliver the commencement address, he announced that he and his family would pay off the entire student loan debt of the 2019 Morehouse College graduating class of 396 students. * 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. [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. Robert Ferdinand Wagner I (June 8, 1877 - May 4, 1953) was an American politician. The pedestrian was in the crosswalk when Smith hit him with his car, and he later died at the scene. 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 . The County Chair is the leader of the local party in each county throughout the state. He is the Founder, Chairman and CEO of Vista Equity Partners, focused on investing and partnering with leading enterprise software companies. Robert Smith. The payments were made through the Morehouse College Student Success Program. Accessed August 25, 2021. Robert is . Smith served in Congress until 1995. As of August 2021, the Initiative has garnered commitments from over 70 companies to invest $65 billion. Just a month later, he joined Ivankas White House American Workforce Policy Advisory Board which is tasked with rejuvenating the job market. Jones, Charisse. 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.". 2,886/$314,048. 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. Smith has cited a 2019 McKinsey Global Institute analysis which claims that closing the racial wealth gap would generate $1.5 trillion in additional GDP growth over the decade. 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;in-kind experts to also help build out the MBE ecosystem through CDFIs/MDIs, market CDFI/MDI offerings and programs and help draft final loan agreements to qualify borrowers between investment fund(s) and CDFIs/MDIs. Kaur, Harmeet. 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). Download theGrio today! [31][37] Brockman also required the first fund to be located in the Cayman Islands and set aside some of the interest earned to protect him against losses. 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 ~145K unconnected households, * Community organization(s) being identified, Estimated impact (of all initiatives): ~145K households connected to high-speed internet to unlock ~$3B in economic potential, Lead community organization: Urban League of Louisiana, 1. As of April 2021, Smith was the wealthiest Black American, with a net worth of $6 billion. Fund II Foundation 990. IRS. In 2016, Smith was the subject of another massive charitable effort, when he donated $20 million to the African American Museum in 2016. "I tell people there's nothing greater than liberating the human spirit," Smith told Business Insider about the gift. 2012 Election Cycle. To empower technology companies in the enterprise software market, Smith launched Vista Equity Partners, a global investment firm, in 2000. Accessed August 25, 2021. Fund endowment $2M: support 50 University of Alabama at Birmingham college students per year with housing to reduce their financial burden and increase college retention and graduation rates, Estimated impact (of all initiatives): 6.5K+ additional college graduates & 35K workers with high-paying wages to drive ~$1.2B in economic growth, 6. https://t.co/DdOhjvxaWJ. to 10K+ youths, 7. 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. [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. This grant helped digitize Armstrong's collection to make it available to the public. Vista manages a robust investment platform by applying market expertise across private equity, permanent capital, credit and public equity investment strategies. Earlier in 2020, Smith had initiated relationships with Trumps daughter Ivanka Trump, then-U.S. Treasury Secretary Steve Mnuchin, and Van Jones, a CNN host believed to have close ties to Ivanka Trumps husband Jared Kushner. Smith cooperated with the investigation and agreed to admit misconduct but will not be prosecuted, according to reports. [1], Smith gained public acclaim as one of the most prominent African-American philanthropists through his Fund II Foundation, which has donated tens of millions of dollars to universities, and in 2019 paid off the student loan debt of the entire graduating class of Morehouse College. [59] That same year, Smith donated $2.5 million to the Prostate Cancer Foundation to advance prostate cancer research among African-American men. Contribution Totals. [2][41][42] Also in 2014, Smith received an honorary doctorate from Huston-Tillotson University. 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. 5. 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. Smith later extended the gift to cover educational debt amassed by the 400 graduates' parents, Morehouse said in a September 20 press release. 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robert f smith political party