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Smith-Richardson Foundation Grant 'Trade and Labor Market Adjustment' (with Gordon Hanson), 2017-19. Philanthropy Roundtable. You can easily cancel any of your subscriptions at any time by following the instructions that are on the bottom of every message. "Liberal bias in colleges bleeds into classroom. [23] Francie Latour and Beth Healy, "AG In Conn. Begins Probe: 2 Foundations for Charities are Eyed," The Boston Globe, November 11, 2003, http://www.boston.com/news/local/connecticut/articles/2003/11/11/ag_in_conn_begins_probe/?page=full. The Smith Richardson Foundation is a grant making foundation whose mission is to contribute to important public debates and to address serious public policy challenges facing the United States. The Smith Richardson Foundation was established in 1935 by H. Smith Richardson Sr. and his wife Grace Jones Richardson. Fast-track your prospect research with a Professional plan subscription. Get the full list, Youre viewing 1 of 2 board members. The Foundation supports a public policy research and writing, and operates one of the countrys largest grant programs on national security and foreign policy issues. Were an organization with a timeless mission and record of success thats stretched for half a century. She served on the Defense Policy Board from September 2006 to June 2009 and is a full member of the Council on Foreign Relations. [16] Sidney Blumenthal, "Grantee of U.S. Endowment Funds Sandinista Opponents; Group's Advertisements Urge Aid for Rebels," The Washington Post, March 19, 1986. ", Heaven on Earth: the Rise and Fall of Socialism, American Association of University Professors, Acton Institute for the Study of Religion and Liberty, Federalist Society for Law and Public Policy Studies, The Hoover Institution on War, Revolution, and Peace, International Task Force on Euthanasia and Assisted Suicide, "Board of Directors." [16], Also in the early 1980s, Smith Richardson teamed up with other conservative foundations to support the Capital Legal Foundation, which in 1984 was involved in defending Gen. William Westmoreland in his suit against CBS for a documentary made about his Vietnam years. Smith & Richardson, Inc. P.O. The current Smith-Richardson Foundation, under the control of a different branch of the family, is still a major power house, and focuses more on research than institutional support for think tanks. And Suzanne Spaulding and CSIS are singling out Pap and trial lawyers more broadly. Thomas, Cal. Even after moving Richardson-Vicks to New York, the family maintained a strong business presence in Greensboro. [9Foundation Center, Smith Richardson Foundation 990 IRS Form,http://dynamodata.fdncenter.org//990pf_pdf_archive/560/560611550/560611550_200712_990PF.pdf; Conservative Transparency, Smith Richardson Foundation, http://conservativetransparency.org/donor/smith-richardson-foundation/. Said CIR's director of research, Robert R. Detlefsen: "Many of our clients would be white male college professors because these are the folks who find themselves victimized by political correctness. According to the foundation's website, its mission is "to contribute to important public debates and to address serious public policy challenges facing the United States. All Rights Reserved. Access lists of funders based on detailed search criteria and other features such as: The mission of the foundation is to contribute to important public debates and to help address serious public policy challenges facing the United States. At CCL, we care about your privacy. Amazon.com. We collected our knowledge about the importance of feedback coaching and how managers can be better coaches for their employees into The CCL Handbook of Coaching: A Guide for the Leader Coach. CHINA FACILITY Taicang Smith Richardson Precision Manufacturing Co., Ltd. Building 3 No. Baylor University. Weill-Greenburg, Elizabeth. This repository provides a paperlist of surveys for different areas of natural language processing. Our research suggests steps to ensure your diversity and inclusion statement is authentic and aligned with actions that lead to sustained progress. PBS.org, "God and the Inner City: A One-Hour Documentary", "AAUP: Who's Paying for the Culture Wars? Our flagship Leadership Development Program (LDP) is launched. Find company research, competitor information, contact details & financial data for Smith Richardson Foundation Inc of Greensboro, NC. The Smith Richardson Foundation Predoctoral Fellowships are three one-year positions for students who are enrolled in a PhD program, have completed all coursework, and are working on a doctoral dissertation in the area of history, political science, or related disciplines. Smith and Richardson Manufacturing Inc. (S&R) headquartered in Geneva Illinois, with a subsidiary manufacturing operation located in Taichang, China is a manufacturer of precision machined, precision stamped and precision slide formed parts. Post was not sent - check your email addresses! TRF is funding a six-year University of Virginia study examining parental leave policies in United States universities and their possible effect on gender roles. The Boston Globe reported that SRF's top executivesPeter Richardson, Marin Strmecki, and Robert L. Coblehad their vehicles paid for by the foundation. The Center for Creative Leadership (CCL) has 2 governing bodies the Board of Governors and the Board of Trustees. Smith Richardson Foundation; Stand Together Trust; VoLo Foundation; Waverley Street Foundation; The William and Flora Hewlett Foundation; Individuals. In the spring of 1991, the Randolph Foundation began to operate as an organizationunder new Executive Director Heather Higginsand in 1993 became wholly separate from the Smith Richardson Foundation. [13], Lenkowsky also oversaw SRF's efforts to fund college newspapers, including The Dartmouth Review, where a young Dinesh D'Souza got his start. 2023 PitchBook. The Randolph Foundation sponsors numerous projects that examine current public policy and offer policy alternatives. The foundation seeks to help ensure the vitality of social, economic, and governmental institutions. He named the products Vicks in honor of his brother-in-law and adviser, Dr. Joshua Vick. The Foundation reported assets of nearly $570 million in 2007 and gave away $25 million. We have received support from the Social Science Research Council, the Smith Richardson Foundation, the Ford Foundation, the Carnegie Corporation of New York, and the National Endowment for the Humanities, and others. Smith-Richardson Foundation Grant 'Economic Consequences of Trade', 2019-21. Smith Richardson also spent $6,700 for a portrait of a family benefactor, $2,600 on a chair, and bought four lamps at $1,300 a piece."[24]. Richardson was not a highly visible figure in the corporate and social world, but that was in keeping with family tradition. The U.S. Army sends newly promoted brigadier generals to the center. Through the generosity of the Smith Richardson Foundation, The Center for Creative Leadership is born, helping to invent the field of leadership development. Such projects include television programs, films, books, and academic studies. Some of the foundation's major grantees include the following: On this Wikipedia the language links are at the top of the page across from the article title. Center for Creative Leadership (CCL) will use this information to ensure the best response to your inquiry. Father and son combined those interests in 1970 to start the Center for Creative Leadership. [6] See Irving Kristol's comment on the importance of Olin and Bradley to AEI, in Irving Kristol, Neoconservatism: The Autobiography of an In Idea, Free Press, 1995, page 33. [22] Cindy Skrzycki, "Bringing Brainpower to the Commentary on Rules," The Washington Post, October 9, 1998. Over the last four decades, the income gap between more- and . Amy Zegart is the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and Professor of Political Science (by courtesy) at Stanford University. In addition to sponsoring the projects noted above, TRF has also served as a source of funding for a number of other organizations,[1][22] including: "IRS Form 990PF: The Randolph Foundation." The Smith Richardson Foundation provided the initial underpinning of the center and continues to generously support it. According to Sidney Blumenthal, Prodemca had been "funneling most of the money to opponents of the Sandinista government in Nicaragua." Ann Richards. In 1905, Lunsford Richardson, helped by his son, Richardson Sr., incorporated Vicks Chemical Co. on South Davie Street downtown to manufacturer and distribute Vicks products. Please note: The Militarist Monitor neither represents nor endorses any of the individuals or groups profiled on this site. It transitioned to independence from the Smith Richardson Foundation, assuming the name of The Randolph Foundation from 19911993, and was reconstituted as a NY non-profit corporation in 2002. Hanushek and Rivkin thank the Donner Foundation, the Smith Richardson Foundation, and the Packard Humanities Institute for funding, and Kain thanks the Smith-Richardson Foundation and the Spencer Foundation. [21] Cindy Skrzycki, "Bringing Brainpower to the Commentary on Rules," The Washington Post, October 9, 1998, Clean Air Trust: Clean Air Villain of the Month, November 2001. http://www.cleanairtrust.org/villain.1101.html. This mission is embodied in their domestic and international grant programs. In 1898, he founded the Lunsford Richardson Wholesale Drug Company and seven years later, he founded Vick Family Remedies Company, dedicated to selling twenty-one Vicks products. Some foundations are omitted, even though they award large grants, because they don't accept unsolicited grant proposals. *Indicates a member of RFF's Chair's Circle or President's Council. We will not sell or share this information with others. "Natural Law Liberalism (Hardcover)." Richardson believed that citizens have a responsibility to support society's institutions and that "the time and thought of able men [should be] applied to the increasingly weighty problems of government and the serious social questions which now confront us." "[18] This study was cited by various columnists including Cal Thomas. Currently, TRF is funding a Council on Foreign Relations book project by CFR senior fellow Max Boot. Richardson Jr., who had been company chairman since 1961, began calling members on a Sunday night in 1985 from his home in Connecticut to break the sad news of the sale. Professor Clausing has received two Fulbright Research awards (to Belgium and Cyprus), and her research has been supported by external grants from the National Science Foundation, the Smith Richardson Foundation, the International Centre for Tax and Development, the U.S. Bureau of Economic Analysis, and the Washington Center for Equitable Growth. Lundsford Richardson, a pharmacist in Greensboro, North Carolina, develops Vicks VapoRub as a salve to relieve symptoms of the common cold. The Richardson family fortune dated to the 1890s, when Lunsford Richardson moved from Selma in eastern North Carolina to Greensboro to buy a drugstore in the 100 block of South Elm Street. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to email this to a friend (Opens in new window), Friends of the Democratic Center in Central America, http://web.archive.org/web/20090224000825/http://mediatransparency.org/recipientsoffunder.php?funderID=6, http://conservativetransparency.org/donor/smith-richardson-foundation/, http://www.nytimes.com/1999/07/31/business/h-s-richardson-79-dies-heir-to-vicks-cold-remedies.html, https://www.srf.org/programs/international-security-foreign-policy/, http://www.nytimes.com/1981/01/15/us/institute-plays-key-role-in-shaping-reagan-programs.html, http://www.nytimes.com/1981/01/20/us/Foundations-assist-conservative-cause.html, http://www.nytimes.com/1981/02/19/world/400-intellectuals-form-struggle-for-freedom-unit.html, http://dynamodata.fdncenter.org//990pf_pdf_archive/560/560611550/560611550_200712_990PF.pdf, http://www.nytimes.com/1981/09/28/us/washington-talk-neoconservatives-and-reagan-uneasy-coalition.html, http://www.nytimes.com/1981/12/06/magazine/irving-kristol-patron-saint-of-the-new-right.html, http://www.nytimes.com/1981/10/13/us/conservative-paper-stirs-dartmouth.html, http://www.nytimes.com/2005/12/01/politics/01propaganda.html?pagewanted=all, http://www.nytimes.com/1989/04/09/style/devon-gaffney-research-director-engaged-to-marry-jay-cross-in-june.html, http://www.nytimes.com/1984/05/31/nyregion/westmoreland-v-cbs-legal-drama-intensified-by-2-contrasting-lawyers.html, http://www.apnewsarchive.com/1985/Pittsburgh-Millionaire-Finances-Bulk-of-Westmoreland-Defense-Against-CBS/id-fcb54a60c185cad094706be468238ea5, http://www.nytimes.com/2002/03/03/magazine/john-kamm-s-third-way.html, http://www.weeklystandard.com/author/nadia-schadlow, http://www.csmonitor.com/1994/1003/03131.html, http://www.nytimes.com/1995/08/13/us/law-center-wages-a-fight-against-political-correctness.html, http://www.cleanairtrust.org/villain.1101.html, http://www.boston.com/news/local/connecticut/articles/2003/11/11/ag_in_conn_begins_probe/?page=full, http://www.boston.com/news/nation/articles/2003/11/09/costly_furnishings_come_at_charities_expense/?page=full. Don't miss a thing, subscribe to stay updated document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Except where otherwise noted, content on this site is licensed under aCreative Commons Attribution 3.0 License. Richardson corresponded with Governor Farris Bryant of Florida regarding the . As editor-in-chief, D'Souza used the newspaper to out homosexual students by investigating subscribers, including their parents. In 1992, Peter L. Richardson, a nephew of R. Randolph Richardson, assumed the presidency of the Foundation, while Heather Higgins, the daughter of R. Randolph Richardson, became president of the Randolph Foundation. Our first campus, in Greensboro, NC, is designed and built to include innovative features seminar rooms, sensory evaluation facilities, and rooms where leadership simulations can be enacted. Incorporated in 1935 in NC - Founded by H. Smith Richardson and his wife, Grace Jones Richardson. He served in the Navy during World War II. Smith Richardson Foundation (SRF) is an independent non-profit foundation based in Westport, Connecticut. Files from the university's Gay Student Alliance, apparently stolen, appeared in the paper, some of which contained "names and parts of letters written by lonely students." The Foundation became active in supporting conservative causes in 1973 when R. Richardson Randolph became its president. Richardson International contributes over $1 million annually to initiatives in communities where our customers and employees live and work. Council on Foreign Relations. Smith Richardson Foundation ; ChadTough Defeat DIPG Foundation ; LRF Lymphoma Research Foundation ; Dravet Syndrome Foundation ; BIAA Brain Injury Association of America ; Ikeda Center for Peace, Learning, Dialogue ; ASGCT American Society of Gene + Cell Therapy ; AFAAR American Fund for Alternatives to Animal Research ; Francis Family Foundation Grant Information Last Updated: [7], Today, despite its support for centrist-oriented think tanks like the Brookings Institution and the Carnegie Endowment,[8] the foundation remains a major financier of neoconservatism, funding several other organizations frequently associated with that political faction, including Freedom House, the Hudson Institute, the Hoover Institution, the Foreign Policy Research Institute, the Jamestown Foundation, the Institute for the Study of War, and the Manhattan Institute. He attended public schools, was a student at Davidson College, and studied at Eastman's Business . In the early days, Richardson Jr. gave the center credibility by recruiting such respected figures as UNC President Bill Friday and former Gov. She served in the Trump Administrationas Deputy Assistant to the President for National Security Strategy on the National Security Council. [12], Naomi Schaefer Riley received a grant from the foundation for her book, God on the Quad: How Religious Colleges and the Missionary Generation Are Changing America. Copyright. Forbes estimates the Richardsons to have a net worth of $870 million, which makes it one of the U.S.'s richest . SRF. From 2008 - 2014, Mr. Aleksashenko was a Director of macroeconomic research at the Higher School of Economics in Moscow and served as a member of the boards for Aeroflot-Russian Airlines, United Grain Company and United Aircraft Corporation. Report to the Smith Richardson Foundation and New York State Office of Children and Family Services. The foundation, today based in Connecticut, is ranked in the top 100 foundations in the United States by total assets. According to the its website, the International Security and Foreign Policy Program aims to assist the U.S. The Center for European Policy Analysis is grateful for the generous support that individuals, corporations, foundations, and governments have given to our work. Be sure to include your contact information for a prompt reply. Right Web News is a bimonthly newsletter that highlights recent and timely feature stories, profiles, and news articles added to the Right Web website. Learn how and when to remove this template message, Center for Strategic and Budgetary Assessments, Center for Strategic and International Studies, Center on Irregular Warfare and Armed Groups, Paul H. Nitze School of Advanced International Studies (SAIS) at Johns Hopkins, Woodrow Wilson International Center for Scholars, "Smith Richardson Foundation: Our Mission", https://en.wikipedia.org/w/index.php?title=Smith_Richardson_Foundation&oldid=1139150882, Anti-communist organizations in the United States, Political and economic research foundations in the United States, Articles lacking reliable references from February 2022, Articles needing additional references from April 2022, All articles needing additional references, Creative Commons Attribution-ShareAlike License 3.0, Support research in U.S. foreign and domestic public policy, Peter L. Richardson, Chairman of the Board. She is also a Senior Fellow at Stanford's Freeman Spogli Institute for International Studies, Chair of Stanford's Artificial Intelligence and International Security Steering Committee, and a contributing writer at The Atlantic. The longest-running leadership development program of its kind in the world, available in person or live online. He attended the exclusive St. Paul's prep school in New England and was chosen Phi Beta Kappa at Yale, where he majored in chemistry. In 1898, he founded the Lunsford Richardson Wholesale Drug Company and seven years later, he founded Vick Family Remedies Company, dedicated to . VICKS HEIR DIES AT 79 FOLLOWING OPERATION\ H. SMITH RICHARDSON JR., A GREENSBORO NATIVE WHO WAS A CO-FOUNDER OF THE CENTER FOR CREATIVE LEADERSHIP, DIES. As a young man, Richardson entered the business started by his father, which was to become the Vick Chemical Company. [10] In Natural Law Liberalism, Wolfe advances the position that American public policy should be based on classical natural law theory in the Thomist tradition, which he argues results in policies characteristic of political liberalism. Smith passed away in 1972. George Lardner Jr., "Pittsburgh Millionaire Financed Westmoreland's Suit against CBS, February 28, 1985,http://www.apnewsarchive.com/1985/Pittsburgh-Millionaire-Finances-Bulk-of-Westmoreland-Defense-Against-CBS/id-fcb54a60c185cad094706be468238ea5. In later years, the foundation funded a Richardson Fellows (later North Carolina Fellows) program at colleges and universities to help young people develop leadership skills and established the Center for Creative Leadership to study and teach creativity and leadership. "Editorial Reviews: From Publishers Weekly." [23], Reported the Boston Globe: "In an interview, Richardson said he could not recall how the cars were approved by the foundation, which funds public policy research. Prior to joining the National Security Council she wasa senior program officer at the Smith Richardson Foundation, where she identifiedstrategic issues that warrant further attention from the U.S. policy community and managedand developedprograms and projects related to these issues. Richardsons son H. Smith Richardson spreads the Vicks business throughout the U.S. and overseas. He launched Vicks VapoRub successfully to South America and the European continent, transforming the company into a world-wide medicinal empire. H. Smith Richardson was an heir of Lunsford Richardson, founder of the Vicks chemical company. Many family members wept, even though the sale of the company, which had annual sales of $1.2 billion at the time, would bring millions of dollars to them personally and the various trusts and foundations they controlled. Scaife, of New Right Causes, Paid Much of $3 Million Tab," The Washington Post, February 28, 1985. Smith Richardson Foundation Grants Program. So is Michael Dell, founder of Dell computers, and former Texas Gov. It also seeks to assist with the development of effective policies to compete internationally and advance U.S. interests and values abroad. At the end of 2013, the foundation had assets totaling $521,570,780 according to its federal tax return. Dr. Nadia Schadlow isa senior fellow at the Hudson Institute andaNational Security Visiting Fellow at the Hoover Institution. Heather Higgins (ne Richardson) is its President.[2]. Chairman of the Board of Trustees, President, Governor & Co-Chief Investment Officer, Youre viewing 5 of 8 team members. New York: Columbia University School of . The Lessons of Experience is released and becomes a best-seller. CCL opens its new regional headquarters and training campus in Brussels to serve the Europe, Middle East, and Africa markets. And it turns out CSIS is funded by the Smith Richardson Foundation, Bank of America, Northrop Grumman the defense contractor, BP and the oil industry, the Koch Foundation, it's all the usual suspects, and they are weaponizing this method of attacking lawyers. We launch Leadership Across Differences, a global research initiative, to address effective leadership processes in the face of racial, religious, gender, ethnic, and cultural differences and to inform our understanding of global leadership challenges and approaches. Also regarding China, SRF sponsored a RAND study that analyzed hypothetical scenarios were the United States to defend Taiwan against a Chinese attack. Get the full list, Morningstar Institutional Equity Research, Vice Chairman of the Board of Trustees, General Counsel, Co-Chief Investment Officer, Senior Vice President & Director of Programs. Richardson was particularly interested in supporting free-market and pro-democratic causes. Rosenberg, "John Kamm's Third Way," The New York Times, March 3, 2002, http://www.nytimes.com/2002/03/03/magazine/john-kamm-s-third-way.html. [11] Bernard Weinraub, "Foundations Assist Conservative Cause," The New York Times, January 19, 1981,http://www.nytimes.com/1981/01/20/us/Foundations-assist-conservative-cause.html. [21] Then-AEI president Christopher DeMuth was a contributing analyst to the project; Robert W. Crandall and Clifford Winston represented Brookings. He did a lot of significant things in the history of the center but in a quiet, unassuming way.'. JAMS Foundation-ACR Initiative for Students and Youth: Weblink: 05/31/2023: Caplan Foundation for Early Childhood: Early Childhood Education Grant: Weblink: This location serves clients on the U.S. West Coast as well as Latin America. She has served on juries for the Pulitzer Prize and was a fellow at the Nieman Foundation and a . Overhead or indirect expense is limited to no more than 25% of equipment and research supplies. Any large scale intervention by U.S. ground forcesand the Pentagon has said that United States Army and the Marine Corps should be able to undertake at least one major regional contingencywill involve the need to restore basic political order.[19], SRF has also been a major backer of controversial domestic policy programs and causes. Phone: 202/994-7000 Bernard Weinraub, "Foundations Assist Conservative Cause," The New York Times, January 19, 1981,http://www.nytimes.com/1981/01/20/us/Foundations-assist-conservative-cause.html. Box 589 Geneva, IL 60134 Phone: 630-232-2581 Fax: 630-232-2610 . [6] A PBS synopsis of the film portrayed its central ideas as follows: The Randolph Foundation was one source of funding for God and the Inner City, a one-hour 2003 documentary chiefly backed by the Pew Charitable Trusts which examined both faith-based and secular charities operating in inner-city environs. Dr. Schadlow holds a B.A. We celebrate our 20-year anniversary and the opening of an office in Brussels, Belgium. However, coming in at a not-so-distant fourth place was the American Enterprise Institute (AEI), a cornerstone think tank of neoconservatism, which received just under $6 million during the period. New America, based in Washington, D.C. is a left-of-center think tank founded in 1999, originally called New America Foundation. The foundation was established in 1935 by H. Smith Richardson and his wife Grace Jones Richardson. Now the longest-running program of its kind in the world, LDP has over 100K alumni around the globe. New York State Office of Children and Family Services; the U.S. Department of Health and Human Services Children's Bureau Abandoned Infants Assistance Program; and the Smith Richardson Foundation. Label vector designed by Ibrandify - Freepik.com, http://www.ccl.org/leadership/research/history/creation.aspx?pageId=1682. ``He always was supportive of the center and its mission, but he always stayed in the background,' center president John Alexander said of Richardson Jr. ``He didn't like a lot of attention focused on him. "God on the Quad: How Religious Colleges and the Missionary Generation Are Changing America (Hardcover)." [9], In 1993, the foundation began providing support to Marquette University political scientist Christopher Wolfe for a project that would eventually culminate in his 2006 book, Natural Law Liberalism. Since the company was founded in 1857, this commitment to giving has been integral to Richardson International. Both were demolished when the company built a new plant in the 1960s on West Market Street, which continues as a Procter & Gamble operation. [1] From 2009 to 2012, AEI received an additional $2.7 million from SRF. The Smith Richardson Foundation trustees continue to support programs that are consistent with this vision. Displaying 1 - 10 of 65. The book examines classes and student life at institutions including Brigham Young University, Baylor University, and Bob Jones University and discusses the potential impact of these schools' growing attendance on those interested in "bringing faith into the professional world."[14][15][16]. During his tenure as president, the Foundation played an important role in supporting think tanks and scholars who were active in public policy debates over issues such as defense policy, tax policy, education reform, and regulation. . Although often associated with the passel of foundations that buttress the American right-wingincluding, among others, the Scaife, Castle Rock, and Bradley Foundationsthe Smith Richardson Foundation (SRF) donated the vast majority of its nearly $170 million in grants during 1996-2005 to educational institutions and scholarly endeavors. The Smith Richardson Foundation is financed by the Vicks Vaporub fortune. SRF's mission is to contribute to important public debates and to help address serious public policy challenges facing the United States. The Smith Richardson Foundation is a private foundation based in Westport, Connecticut that supports policy research in the realms of foreign and domestic public policy. Martin Schneider Named CCLs President and CEO. Copyright 2023 Candid. Richardson transformed the Vicks Chemical Company, a firm created by his father, Lunsford Richardson, into one of the leading over-the-counter drug companies in the world. He served as the center's board chairman from 1972-94. Hosted by the Foundation Center. The data you share with us will be used only so that we may keep you informed of recently posted web resources. Sorry, your blog cannot share posts by email. Anisfeld, E., Sandy, J., & Guterman, N. B. Prodemca spokespersons denied using NED-supplied monies to secure newspaper ads supporting U.S. funding for the Contras. [2], Created in 1935 by H. Smith Richardson, son of medicine entrepreneur Lunsford Richardson, the inventor of Vicks VapoRub, the foundation is managed by members of the Richardson family, whose various drug companies have created a number of well-known products, including Clearasil, Nyquil, and Oil of Olay cream.