By Kevin Keller

 

The primary goal of the Smith Richards Foundation to research and implement public policy that will “advance U.S. interests and values” in both domestic and international settings.

 

In their 2003 report (the most recent report available) Peter L. Richardson, the president of the foundation reported that the primary goal was education research, as well as immigration and political reform.

 

In the international arm of the SRF, seeks to promote US agendas throughout the world through supporting academic research with “the clear implications or lessons for current policy.”

 

According to the 2003 report by the SRF, the Rand Company’s objective was to “assist the U.S. policy community in formulating approaches to influence young people in the Muslim world by examining the development of opposition among Iranian youth to the fundamentalist regime in their country.”

 

 The RSF contributed $100,000 toward the Rand project out of nearly 14.5 million dollars given in 2003.

 

The RSF was founded by H. Smith Richardson and his wife in 1935. Mr. Richardson created a fortune by expanding his company, the Vicks Chemical Company. The company which was started by H. Smith Richardson’s father was later sold to the Proctor and Gamble Corporation.

 

The RSF is not funded by donations from outside sources. Instead, the money is essentially the a portion of dividends and other equities from stocks, an properties held by the foundation.

 

 

FUN FACTS ABOUT RAND:

Rand is a non-profit organization that is supported through both large grants (public and private) and individual giving.

 

Their freaking headquarters building is in the shape of the Christian “ichthys” or fish symbol! (I know that that is not true evidence of their promoting an agenda, but one can’t help but raise an eyebrow!)

 

In addition to the RSF, top donors include the ExxonMobil Foundation, the Johnson and Johnson Foundation, Donald Rumsfeld, The Starr Foundation, VimpelCom, The Alfa Group, Merck and Pfizer who all were included in the President’s Circle, in addition to being cited for giving at least $50,000.

 

Frank C. Carlucci, Chairman Emeritus of the Carlyle Group is currently on the Board of Trustees. (George H. W. Bush was a former senior advisor for the Carlyle Group)  

 

 

Condoleezza Rice was a trustee from 1991-1997.

 

Donald Rumsfeld was a trustee from 1977–1987; 1988–1998; and 1999–2001.

 

Rand’s total assets according to 2003 annual report totaled $357,467,000. The total cash flow was more difficult to discern.

 

 

www.rand.org

www.rsf.org

www.thecarlylegroup.com

www.nytimes.com

www.economist.com