In the Press

Read the latest news mentions about Robert F. Smith and his business and giving to support his communities.

Businessman Robert F. Smith, Goalsetter Launch Initiative to Help Black And Latinx Youth Build Generational Wealth


Digital money management company Goalsetter is teaming up with Robert F. Smith to launch “One Stock. One Future.”—an initiative working with corporations to donate at least 1,000 shares of stock that will be distributed amongst Black and Latinx children throughout the country.

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Billionaire Robert F. Smith Gifts Thousands of Shares of Stock to Help Black and Latinx Kids Become Shareholders


Robert F. Smith kicked off the new “One Stock. One Future.” initiative by donating nearly 15,000 total shares of his stocks to a network of public, all-boys schools serving young men of color in New York City and Newark, N.J.

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Biden Promised Free Tuition to HBCUs Students, But Black Billionaire Robert F. Smith Is Finding Solutions to Actually Do It


Robert F. Smith is working to provide financial assistance to students at many Historically Black Colleges and Universities through Student Freedom Initiative. He talked with Black Enterprise about how the initiative will help students and the work that remains.

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The Congressional Black Caucus is More Important Than Ever


This month, the Congressional Black Caucus (CBC) will celebrate its 50th year of funding — the caucus has helped make serious strides toward equality, but disparities remain. Here are three key areas where the CBC is currently trying to enact change to make a difference in the lives of Black Americans.

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Black Billionaire, Robert F. Smith, Launches HBCU Tour to Upgrade Campus Cybersecurity and to Help Students Find an Alternative Way to Pay For College


Student Freedom Initiative, with the help of technology partners Cisco and AVC Technologies, is working with participating historically Black colleges and universities to upgrade their technology and cybersecurity.

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Modeled After HBCUs, Robert F. Smith STEAM Academy has Opening Day


This week the Robert F. Smith STEAM Academy opened in Denver, Colorado. The school is named after the entrepreneur and philanthropist, who is also a Denver native, and is modeled after Historically Black Colleges and Universities (HBCUs). The academy was set up to provide students of color in northeast Denver with a high-quality education option without forcing them to travel long distances.

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The Biden Administration Promised Diversity. Here’s One Way it Can Deliver.


Ursula Burns, former Chairman & CEO of Xerox, Robert F. Smith, Founder, President and CEO of Vista Equity Partners, John W. Rogers, Jr., Chairman, Co-CEO & CIO of Ariel Investments and David G. Clunie, Executive Director of the Black Economic Alliance penned an op-ed arguing that the Biden Administration’s racial equity initiatives should also tackle federal procurement policies. In particular, they argue for an increase in “federal spend allocations that go to Black businesses.” The group notes that right now just 5% of federal contracting dollars are required to go to minority and women-owned businesses, but the government should “increase the federal contracting minimum for Black firms to 13 percent, commensurate with the country’s Black population.”

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19 Largest Gifts From Individuals to Hospitals, Healthcare Organizations in 2021


Leveraging data from The Chronicle of Philanthropy, this article explores the largest gifts given to healthcare organizations in 2021. This includes the $3.8 gift Robert F. Smith gave to the Mount Sinai Health system in order to develop an MRI unit that will help men in predominantly Black neighborhoods schedule prostate screenings.

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How Broadway Is Celebrating Juneteenth 2021 and How to Tune In


This Juneteenth, Carnegie Hall hosted a live celebration to recognize the importance of this historic day and the long road that still lies ahead. Robert F. Smith, chairman of Carnegie Hall’s Board of Trustees, was joined with Congresswoman Sheila Jackson Lee, and Bryan Stevenson, founder and executive director of the Equal Justice Initiative.

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National Society of Black CPAs Celebrate 1-Year Anniversary As More Accountants Create Generational Wealth in Black Communities


The National Society of Black Certified Public Accountants (NSBCPA) celebrated its one-year anniversary on June 8. The organization, which received a $1 million pledge from Robert F. Smith in 2020, aims to increase the number of Black CPAs, which today represent less than 1% of all certified public accountants.

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