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. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. Moving Forward. Robert F. Smith Talks About the Future of His Philanthropy. Inside Philanthropy. Mayweather said: As someone who owns his own brand, I cant think of better partners than Deon (Deon Taylor), Roxanne (Roxanne Avent Taylor), Robert F. Smith the wealthiest African American in the world and Hidden Empire Films, a prolific Black-owned production company.[86], In 1988, Smith married his first wife, fellow Cornell alum Suzanne McFayden. He continued to work there as an intern during his summer and winter breaks before graduating Cornell with a chemical engineering degree. And I thought liberating 400 spirits 400 years after 1619 is probably a good, good thing to do.". In May and June, Smith made daily calls to Secretary Mnuchin regarding the COVID-19 pandemic. Yes, he's richer than Oprah. Steve Smith: 19.60%: . Political Campaign Contributions. Smith allegedly failed to pay taxes on about $200 million in assets that moved through offshore accounts tied to Robert Brockman, a Houston software businessman. 2,886/$314,048. 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. and increase community outreach to drive regional awareness and new pipeline projects over 5 years, 3. He was the second highest donor, next to Oprah, who donated $21 million. Lives in: Madison, Connecticut Phone: (860) 922-4202. Robert your voice will be a great addition to the board going forward.. Smith attended Cornell for undergrad but never lost touch with Bell Labs. [10] [11], After the Morehouse College donation, the Fund II Foundation co-founded the Student Freedom Initiative with a $50 million grant. "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. Vista uses a personality test developed by IBM that measures social and technical skills, as well as applicants' interest in arts and humanities. 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. 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. 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. 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). Accessed August 25, 2021. Smith has been cooperating with the investigation and will admit failing to pay about $30 million in taxes, with penalties and interest accounting for the total payout. 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! After a brief retirement, he returned to Congress in 1997. Robert F. Smith was born to two working-class parents in a predominantly African American, middle-class neighborhood in Denver, Colorado. Robert F. Smith replied to rodheadlee 's topic in Social Hall False. In addition to his personal philanthropy, Smith is the founding director and President of the Fund II Foundation, a charitable organization making grants to support a broad range of organizations. They gave us feedback and we made changes, Mnuchin told the Washington Post in June as part of a profile on the businessman. 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. You have to focus on everything that you're doing, seconds at a time.". As of 2019, the firm has $46 billion in funding. 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. 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. [7], Smith was named in The Chronicle of Philanthropy's "Philanthropy 50" in 2017. This page focuses on the Republican primaries that took place in Texas on March 1, 2022. [73], In October 2019, Smith received the Carnegie Medal of Philanthropy, which is given to individuals who have donated private wealth to the public. October 8, 2020. As of April 2021, Smith was the wealthiest Black American, with a net worth of $6 billion. Download all contribution records for this person. Billionaire investor Robert Smith on providing financial help for minority-owned small businesses. Dec 11, 2022, 10:03 AM. Amy Harris/Invision/AP. [5], On February 8, 2016, Smith struck and killed a pedestrian while driving in Medford, Oregon. Smith, the richest Black man in the country who is worth an estimated $5.2 billion per Forbes, was heralded last year when he pledged to pay off the $34 million in loans for the graduating Morehouse class. Smith donated $50 million to his alma mater. Republican Party of Texas. Fund II Foundation 990. ProPublica. Robert F. Smith. In 2019, the foundation raised more than $22 million and spent almost $36 million. Accessed August 25, 2021. Accessed August 25, 2021. He avoided further penalties and prosecution by agreeing to assist the DOJ in its case against Brockman, which would later result in the largest tax evasion prosecution in U.S. history. Be an advocate for SCI priorities: engage federal and state agencies to drive policy and funding improvements to better support SCIs near-term priorities, E.g., Engage the Small Business Administration and Minority Business Development Agency to increase technical assistance programs and annual spend to better support Minority Business Enterprises (MBEs) with capital and scaling needs, E.g., Ask the Federal Communications Commission (FCC) to include multi-dwelling unit connectivity in its new broadband connectivity maps and ask the National Telecommunications and Information Administration (NTIA) to allow non-FCC data in state broadband plans to unlock ~$285M in potential government broadband funding for 5 SCI regions. He was Speaker of the House for the 1969 and 1971 sessions. "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. * 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. Smiths probe by the FBI became public knowledge in August. [44][45], Smith has also served as the chairman of Robert F. Kennedy Human Rights,[46] on the board of overseers of Columbia Business School, as a member of the Cornell Engineering College Council,[47] on the Cornell University Tech Board,[9] and as a Trustee of the Boys & Girls Clubs of San Francisco. [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. Conrad Tillard, Rabbi Shmuley Boteach and Elisha Wiesel join together to host '15 Days of Light,' celebrating Hanukkah and Kwanzaa", "Billionaire Robert Smith Fighting U.S. Criminal Tax Inquiry", "Houston Tech Mogul Indicted for 'Largest-Ever Tax Charge', "Billionaire philanthropist Robert Smith's tax fraud roils Vista Equity", "Read the full letter private equity titan Robert F. Smith sent to investors about his $139 million tax evasion settlement", "The IRS Reels in a Whale of an Offshore Tax Cheatand Goes for Another", "Offshore hvens and hidden riches of world leaders and billionaires exposed in unprecedented leak,", International Consortium of Investigative Journalists, "A dodgy deal helped make him a billionaire. Smith ranks third in Forbes' Black Billionaires list, following Nigerian cement and commodities tycoon Aliko Dangote, worth $10.9 billion, and Nigerian-born Mike Adenuga, who made his fortune in the oil and mobile telecoms industries and is worth $9.1 billion. 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. [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. [7][8] In 1994, he received his Master of Business Administration from Columbia University with concentrations in finance and marketing. Two years ago, Fund II Foundation developed Cradle to Greatness, a framework that aligns our strategic grantmaking priorities with outcomes that prepare and propel generations of talent. He is a male registered to vote in Connecticut. to 10K+ youths, 7. 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. 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. Robert D. Burns III (unopposed) 100.00%: . 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. Today, Smith is Vistas Chairman and CEO. 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. The 2% Solution is a groundbreaking idea for generational change in at-risk communities. [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. ToThe Washington Postin 2016, Smith noted his desire to get African Americans involved in computers and software, saying, This is the first time in history you can create wealth and not have access to capital. [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. Al Sharpton, others gather for joint Kwanzaa, Hanukkah celebration", "Mayor Eric Adams, Rev. [54] That year, Smith was awarded an honorary doctorate from the University of Denver. The Commission maintains a database of individuals who have made contributions to federally registered political committees. To a Spreadsheet or Other File Type. February 24, 2021. [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. [5] The wedding was attended by F. F. Montgomery, the Speaker of the Oregon House of Representatives, among others. Vista Equity partners, has officesin Austin, Chicago, Smith and his wife bought a $20 million Malibu mansion. "I tell people there's nothing greater than liberating the human spirit," Smith told Business Insider about the gift. As one of the most active investors in the enterprise software market, Vista believes in the advancement of technology to create opportunity. [23], The 2019 PitchBook Private Equity Awards named Vista Equity Partners "Dealmaker of the Year". He is the founder, chairman, and CEO of private equity firm Vista Equity Partners . After graduating, he began working in industry in Applied Research and Development and received two US and two European patents and numerous awards. Robert F. Smith prioritizes making a difference in the communities where he lives and works. Would love your thoughts, please comment. Born in Prussia, Wagner migrated with his family to the United States in 1885. Robert Frederick Smith (born December 1, 1962) is an American billionaire businessman and philanthropist. Robert F.Smith is a billionaire who gave the commencement speech at Morehouse College on Sunday, telling the graduating students his "gift" was to pay off all of their student loans. [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. 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. [57][58], In 2018, Smith was the largest individual donor at the City of Hope Gala, which funds prostate cancer treatment and breast cancer research for black men and women. Political party: Republican: . [13], Also in 2016, the Foundation gave $3 million to the Southern Poverty Law Center to support left-progressive criminal justice policy. Scale technical assistance $20M: fund the Urban League of Louisiana, New Orleans Business Alliance, Thrive New Orleans and Propellor to scale bookkeeping, B2C payment, marketing support & subsidized rent to scale 200+ MBEs from <$1M to $5M+ in annual revenue, Estimated impact (of all initiatives): 2.5x increase in MBE value & 8K+ new jobs, boosting Black communitys net worth by ~$2B+, 3. During his 2019 commencement address at Morehouse College, a historically Black institution, Smith surprised the graduating class by pledging to pay off the entire class student loan debt a $34 million gift that helped nearly 400 graduates. 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. 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. Subsidize internships & apprenticeships $40M: fund the New Orleans Youth Alliance, YouthForce NOLA and the Urban League of Louisiana to place and help subsidize apprenticeships, internships and other work-based learning experiences for ~20K young adults in high-pay sectors (e.g., energy), 5. Just a month later, he joined Ivankas White House American Workforce Policy Advisory Board which is tasked with rejuvenating the job market. Philanthropy. Robert F. Smith. [8], In 2018, the foundation gave $500,000 to the New York Times to finance the 1619 Project, a left-wing journalistic endeavor that asserts the centrality of slavery in the founding of the United States. A primary election is an election in which registered voters select a candidate that they believe should be a political party's candidate for elected office to run in the general election. Smith,. Fund II Foundation 990. IRS. 3 min read Billionaire Robert Smith reportedly got closer to Ivanka Trump as the IRS closed in on him Billionaire philanthropist Robert F. Smith is known for his. In 2017, he joined the Giving Pledge, pledging to donate a majority of his net worth during his lifetime. Trumps eldest daughter also sent out a series of tweets that praised Smith for being a change maker and that it was a pleasure working with him. I am showing the current generations of African Americans they can do it, too. [53] In May 2017, The Giving Pledge announced that Smith had joined as its first African-American signatory. [39][40], The reports state that Brockman's proposal was a "take-it-or-leave-it offer". [1] By January 1971, Smith and his wife had two sons and a daughter. chairman for the Robert F. Kennedy Center for Justice and Human Rights. Robert Smith. A blogger who has a large audience can create wealth by attracting advertisers. [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. Robert Ferdinand Wagner I (June 8, 1877 - May 4, 1953) was an American politician. [12] In 2018, Smith was included in Vanity Fair's New Establishment List, which is an annual ranking of individuals who have made impactful business innovations. Accessed August 25, 2021. Ripple of Hope Awards Honoring VP Joe Biden, Howard Schultz & Scott Minerd in New York City. We have to do something for our community., NEW YORK, NY DECEMBER 06: Robert Smith attends RFK Human Rights? Everything You Need To Know: What Is an HBCU? [92][10][93][94][95], For other people named Robert F. Smith, see, "At Carnegie Hall, a New Leader With a Son Named Hendrix", "Billionaire Denver native donated $20 million to new African-American museum (Video)", "A Private Equity Titan With a Narrow Focus and Broad Aims", "Cornell Engineering To Recognize Robert F. Smith '85 With 2020 Distinguished Alumni Award", "5 things to know about Robert F. Smith, Morehouse donor to pay off Class of 2019's student loans", "Smith '85 to receive engineering college alumni honor", "Meet Robert F. Smith, the billionaire who's paying off student loans, owns a home in Malibu, and married a former Playboy model in a lavish Italian ceremony", "Who is Robert F. Smith? Throughout his life, Smith has continuously supported a number of philanthropies and causes. Background Report. "Patriot Mobile Action is a new entity created to put . Rhode Island. [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. Oregon Blue Book: Earliest Authorities in Oregon - Speakers of the House of Representatives of Oregon. Smith was worth an estimated $2.5 billion, as of 2016. * 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. Access your favorite topics in a personalized feed while you're on the go. 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. He's the "antithesis of [Blackstone CEO Steve] Schwarzman," a tech-industry banker told Business Insider. 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. He went on to study at Cornell and Columbia universities, and he worked at Goldman Sachs before starting his own investment firm. He worked as an engineer at Goodyear Tire and Rubber Company, Air Products and Chemicals, and Kraft General Foods. Smith later extended the gift to cover educational debt amassed by the 400 graduates' parents, Morehouse said in a September 20 press release. You are responsible for building strong, safe places where our young brothers and sisters can grow with confidence, watch and learn from positive role models, and believe that, they too, are entitled to the American Dream. -Robert F. Smith @RFS_Vista #MorehouseGrad2019 pic.twitter.com/CeMs6CxQkq, Morehouse College (@Morehouse) May 19, 2019. In 2016, Smith was the subject of another massive charitable effort, when he donated $20 million to the African American Museum in 2016. Voreacos, David; Weinberg, Neil. [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. Billionaire Robert Smith reportedly got closer to Ivanka Trump as the IRS closed in on him. He's the founder of the . * Leading organizations for community strategy include (but not limited to): Community LIFT, Memphis CDFI Network, etc. He is a male registered to vote in Connecticut. Now he'll spend. Latest Forbes richest list shows Black billionaires remain a rare club. April 6, 2021. In Austin, Smith has started programs supporting music education and minority entrepreneurship, according to The New York Times. [4] Upon his return, he was elected chairman of the House Agriculture Committee, but only served one term before retiring for good. 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. [3], In 1985, Smith graduated from Cornell University with a degree in chemical engineering. 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. Billionaire Robert F . Castle, Michael D. Black In America This Century Hurts. Lulu.com. [11] From 1994 to 2000, he worked for Goldman Sachs in technology investment banking, first in New York City and then in Silicon Valley. Smith earned a degree in chemical engineering from Cornell University. [1] He attended Willamette University in Salem, Oregon, graduating in 1953 with a bachelor's degree in agriculture. Download our newest episodes now! Smith was accused of conspiring with billionaire software CEO Robert Brockman to conceal his income by routing proceeds from Vista Equity Partners through Caribbean shell corporations secretly owned by Smith. [5][6] Smith earned a bachelor's degree in chemical engineering fromCornell University in 1985. Details may include related records, political party, location, and more. He first learned that everyone had a role to play in creating a better world from watching his parents, who donated their limited resources to charities on an ongoing basis, no matter what was happening in their personal lives. [1][4], In high school, he applied for an internship at Bell Labs but was told the program was intended for college students. Search Terms: Robert Smith Reset All Filters Page 3 of 1,139 First Previous 1 2 4 5 6 7 8 9 Next The post Billionaire Robert Smith befriended Trump inner circle after paying off Morehouse debts: report appeared first on TheGrio. Vista manages a robust investment platform by applying market expertise across private equity, permanent capital, credit and public equity investment strategies. Robert Frederick Smith (born December 1, 1962) is an American billionaire businessman and philanthropist. Smith is the richest black person in the United States, with a net worth of $5 billion, according to Forbes. [1] He advised on merger and acquisition activity with companies such as Apple and Microsoft. Senator from New York from 1927 to 1949. Robert F. Smith believes deeply in the need to give back and support communities. "I dug up the phone number for Bell Labs to ask about summer internships," Smith said. ", Another banker told Business Insider that Smith was "one of the smartest men I've ever met.". 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. 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. 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. (Photo by Michael Loccisano/Getty Images for RFK Human Rights). The settlement is reportedly connected to $200 million in assets that Smith moved offshore. [6], Smith died on September 21, 2020, in Medford, Oregon at the age of 89. Now, Ive got the alumni over here, and this is a challenge to you, alumni: this is my class, 2019. Follow Robert F. Smith on social media for the latest on his work as a business and philanthropic leader. As of August 2021, the Initiative has garnered commitments from over 70 companies to invest $65 billion. We will only grasp the staggering potential of our time if we create on-ramps that empower all people to participate, regardless of background, country of origin, religious practice, gender, or color of skin. 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. 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. 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. Invest directly into SCI (coming soon): provide funding for SCI to pool and invest in community initiatives that are most well-positioned for funding and can drive direct community impact. [16][17][18] Vista has invested in companies such as STATS, Ping Identity, and Jio. 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. Accessed August 25, 2021. Many private equity executives are regular donors to campaigns on both sides of the aisle, and Smith is no exception. 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). Almost $ 36 million bought a $ 20 million Malibu mansion of Representatives among... Medford, Oregon on September 21, 2020, in 1988, Smith married his first wife, fellow alum! 70 companies to invest $ 65 billion Cornell alum Suzanne McFayden breaks before graduating Cornell a. - Speakers of the aisle, and more the year '' part of a profile the... Media for the robert F. Smith prioritizes making a difference in the enterprise software market, believes. 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