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The Smith Richardson Foundation is financed by the Vicks Vaporub fortune. The foundation reported assets of $494 million in 2001 and gave away $23 million.
The foundation became active in supporting conservative causes in 1973 when R. Richardson Randolph became its president. Forbes estimates the Richardsons to have a net worth of $870 million, which makes them one of the U.S.'s richest families. [1] (http://www.mediatransparency.org/funders/smith_richardson_foundation.htmI). It has awarded grants of $99,686,911 to a total of 266 organizations, including:
- Center for Strategic and International Studies, $3,135,061
- American Enterprise Institute, $2,942,532
- Paul H. Nitze School of Advanced International Studies (SAIS) at Johns Hopkins; $2,680,334
- Brookings Institute, $2,629,870
- RAND Corporation, $1,854,061
- Hudson Institute, $1,595,510
- National Institute for Public Policy, $1,534,334
- Urban Institute, $1,492,624
- Freedom House, Inc., $1,109,500
- Council on Foreign Relations, $883,023
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