He is a male registered to vote in Connecticut. [39][40], The reports state that Brockman's proposal was a "take-it-or-leave-it offer". [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. "Think about 400 young African American men who had just done the heavy lift. He is a male registered to vote in Connecticut. 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. Heralded as a private equity titan and Wall Street wiz, Smith started his early life out as a computer geek working in STEM before earning a degree in chemical engineering from Cornell University. He was Speaker of the House for the 1969 and 1971 sessions. Robert F. Smith is an avid supporter for educational institutions and supporting education and learning organizations. . Yes, he's richer than Oprah. The Commission maintains a database of individuals who have made contributions to federally registered political committees. as well as other partner offers and accept our, Ricky Carioti/The Washington Post via Getty Images, Ricky Carioti/The Washington Post via Getty Images), http://robertfsmith.org/post/118605075721/robert-f-smith-is-the-founder-chairman-and-ceo. Vista Equity partners, has officesin Austin, Chicago, Smith and his wife bought a $20 million Malibu mansion. Accessed August 25, 2021. * 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. 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. Amy Harris/Invision/AP. [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 2016, Smith donated $50 million to his alma mater. 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. So the next generation can go even higher., Robert F. Smith says his mother's giving help inspire his philanthropy: "She instilled in me the importance of giving to the community" https://t.co/c4NHbWdOsS pic.twitter.com/vu6kamY7IB. Oregon Blue Book: Earliest Authorities in Oregon - Speakers of the House of Representatives of Oregon. A state government trifecta is a term that describes single-party government, when one political party holds the governor's office and has majorities in both chambers of the legislature in a state government. 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 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. Issue digital access equality bonds: issue equality progress bonds and invest proceeds into SCIs digital access initiatives, 5. Smith is a billionaire who has amassed a fortune largely through his company, Vista Equity Partners. 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 ? 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. Billionaire investor and CEO of Vista Equity Partners Robert Smith joins CBS This Morning to discuss the Paycheck Protection Program and what his company is doing to help minority-owned small businesses. [3] Between 1965 and 1969, Smith was the president of the Oregon Public Land Commission. Accessed August 25, 2021. Robert has been a great champion for improving access to capital in distressed communities. Commit to supplier diversity: increase MBE spend in Charlotte region to 5-10%+, Estimated impact (of all initiatives): 3x increase in MBE value & ~13K new jobs, boosting Black communitys net worth by ~$2B+, 4. Fund II Foundation 990. ProPublica. 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! He is the richest of the seven Black billionaires in the United States, however. This effort will drive corporate collaboration with local grassroots community organizations to help achieve scalable projects that can be rolled out across the country wherever inequity exists. 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. 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. One hundred years later, our own Founding Fathers recognized the need for that and the other rights in that. "I dug up the phone number for Bell Labs to ask about summer internships," Smith said. Watch the latest videos of Robert F. Smiths speeches, TV interviews, and other appearances. 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. TheGrio is now on Apple TV, Amazon Fire, and Roku. [23], The 2019 PitchBook Private Equity Awards named Vista Equity Partners "Dealmaker of the Year". [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. I see the little tears in the fabric of society every day. How he made his billions. The Grapevine-based company and its political arm aren't shy about their goals and plan to expand such activism beyond Tarrant County. 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 teams to conduct needs diagnostic, implement tech solution & provide technical assistance. He went on to study at Cornell and Columbia universities, and he worked at Goldman Sachs before starting his own investment firm. [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. Robert F. Smith believes deeply in the need to give back and support communities. Billionaire, philanthropist Robert F. Smith lobbies Washington, Wall Street for funding for minority businesses during pandemic - The Washington Post Advertisement This article was. Robert is . * 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. [51][52] He was later recognized as a distinguished alumnus by the college. [54] That year, Smith was awarded an honorary doctorate from the University of Denver. Smith later extended the gift to cover educational debt amassed by the 400 graduates' parents, Morehouse said in a September 20 press release. [2], On February 19, 1966, Smith married Kaye Elizabeth Tomlinson in Salem. Accelerate SCIs digital access initiatives up to $80M in donations or in-kind: invest in setting up internet connections / hotspots, offer laptops/Chromebooks and support adoption (through government subsidy technical assistance and digital literacy) to connect ~145K homes to high-speed internet in the Houston region*, 7. No charges or citations were filed against him regarding the wreck. In May and June, Smith made daily calls to Secretary Mnuchin regarding the COVID-19 pandemic. [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. [91], Smith owns homes in Austin, Texas, Malibu, California, New York City, Denver, and Florida. Political party: Republican: . 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