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. Political Campaign Contributions. * 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. 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. [2] He attended Carson Elementary School and East High School[3] in Denver. [2][41][42] Also in 2014, Smith received an honorary doctorate from Huston-Tillotson University. 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. Offer more paid internships: signup onto InternX and offer 25+ additional paid internships per year to HBCU/Black students, 4. Accelerate digital access initiatives $75M:partner with local orgs* to invest in setting up internet connections / installing hotspots, offering laptops and supporting adoption (through government subsidy technical assistance and digital literacy) to connect ~135K homes to high-speed internet in the Memphis region, 9. EXCLUSIVE: Billionaire at center of Americas largest tax evasion probe made friends with the Trumps, praised Ivanka and rented near Mar-a-Lago after paying off Morehouse students debts. Daily Mail. Discussion about Diversity, Equity and Inclusion has grown over the last few years as more, Image: NRC Region II Staff Members Celebrate HBCU Week by Nuclear Regulatory Commission is licensed, Every February, the U.S. celebrates Black History Month a time when we reflect on. [24], On May 19, 2019, during his 2019 commencement speech at Morehouse College, Smith pledged a reported $34M in student loan debt, "(including) the debt of parents and guardians incurred" over the educational pursuit of each member of the 2019 graduating class. 2012 Election Cycle. October 8, 2020. Castle, Michael D. Black In America This Century Hurts. Lulu.com. Now, Ive got the alumni over here, and this is a challenge to you, alumni: this is my class, 2019. 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. [90] He also has two sons and two daughters with his wife Hope. For his 60th birthday, billionaire Robert F. Smith's wife threw him a James Bond-themed party. 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). Robert F. Smith is an avid supporter for educational institutions and supporting education and learning organizations. 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 pledged an additional $1.5 million to Morehouse College for scholarships and renovations. Vista uses a personality test developed by IBM that measures social and technical skills, as well as applicants' interest in arts and humanities. [19][20][21] As of 2019, Vista Equity Partners had closed more than $46 billion of funding. 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. Share. The pedestrian was in the crosswalk when Smith hit him with his car, and he later died at the scene. 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). Everything You Need To Know: What Is an HBCU? Steve Smith: 19.60%: . Background Report. 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. [76] Smith was included on the Time 100, Time's list of the 100 most influential people in the world, in 2020. [16][17][18] Vista has invested in companies such as STATS, Ping Identity, and Jio. Scale technical assistance $15M: fund*to expand technical assistance through business coaches and wrap-around services for 500+ MBEs over 5 years to help them scale from <$1M to $5M+ in annual revenue, 2. Rhode Island. "When I finished business school and decided to join the tumultuous world of investment banking, my family and friends spoke up with concerns about my sanity," Smith said in his American University commencement speech. [80][81], In May 2022, Cornell University announced a $15 million donation from Robert Frederick Smith that will provide financial aid to engineering students from historically underrepresented communities. The two previously knew each other as titans in the business specter. Fund SFI program $7M: fund the Student Freedom InitiativesIncome Contingent Alternative to Parent Plus to support ~15 Black STEM students per year forever at 4 HBCUs**, * Lead organization: The Collective Blueprint; Contributing local organizations for community strategy include (but not limited to): Greater Memphis Chamber and Workforce Midsouth, ** Minority Serving Institutions / HBCUs with STEM programs being considered: Le Moyne-Owen, Baptist Memorial, University of Memphis, Rust College, Estimated impact (of all initiatives): 8K+ additional college graduates and 10K workers with high-paying wages to drive ~$1B+ in economic growth, Increase accessibility, affordability and adoption of high-speed Internet, 8. No matter our skin color or our political beliefs, we must all agree that the right to vote is foundational to our democracy and who we are." -Robert F. Smith In March 2021 and again in January 2022 Smith collaborated with dozens of Black executives and the Freedom to Vote Alliance to condemn new voting restrictions that harken back to Jim Crow. [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. Jordan Hart. The County Chair is the leader of the local party in each county throughout the state. The same year, Smith began working at Goldman Sachs as an investment banker focused on investments in technology and Silicon Valley. . Robert F Smith (born 1948) is listed at 34 Honor Road West Haven, Ct 06516 and has no political party affiliation. Dr. Martin Luther King Jr. delivered his "I Have a Dream" speech. Download theGrio today! 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. Smiths overtures materialized as he spoke with Mnuchin daily on coronavirus relief according to Mnuchin. Today, Smith is Vistas Chairman and CEO. ** 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. [16], In August 2020, Bloomberg News reported that Robert Smith had been under investigation by the U.S. Internal Revenue Service (IRS) and U.S. Department of Justice (DOJ) on allegations of tax evasion since 2014. 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. As of August 2021, the Initiative has garnered commitments from over 70 companies to invest $65 billion. to 10K+ youths, 7. The payments were made through the Morehouse College Student Success Program. Now they did all the heavy lifting. Meet Robert Smith, the Billionaire Investor Who Paid Off Student Loans Vista Equity Partners' Robert F. Smith spent $34 million paying off Morehouse 2019's student loans. He is a male registered to vote in Connecticut. All Rights Reserved. Vista Equity partners, has officesin Austin, Chicago, Smith and his wife bought a $20 million Malibu mansion. 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 . [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. Smith's held the party at his waterfront estate in Palm Beach, Fla. Sotheby's International Realty Attendees weren't encouraged to enter the $48 million house a 25,000-square-foot spread. 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. As of 2019, the firm has $46 billion in funding. [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. 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. Robert F. Smith. [36], In 2014, Smith became the founding director and president of the Fund II Foundation, which has invested in organizations such as Cornell, the National Park Foundation, and Susan G. 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