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.
12-511: 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. The Foundation seeks to help ensure the vitality of our social, economic, and governmental institutions. It also seeks to assist with the development of effective policies to compete internationally and to advance U.S. interests and values abroad." The Smith Richardson Foundation
24-863: A period in New York and Massachusetts after attending college. Smith Richardson assumed the presidency of the company in 1919 upon his father's death. The flu epidemic of 1918 increased sales of VapoRub from $ 900,000 to $ 2.9 million in just one year. In 1931, the company began selling cough drops. In 1948, Edward Mabry became president of Vicks, then known as the Vick Chemical Company . In 1952, Vicks began selling cough syrup, and in 1959 they introduced Sinex Nasal Spray. The company began selling NyQuil in 1966. The parent company became Richardson-Merrell and then in 1982 divided into prescription drug company Merrell Dow (sold to Dow Chemical Company ) and over-the-counter drug company Richardson-Vicks which retained
36-497: A total of 411 grants totaling $ 20,695,903 . SRF has awarded grants to major think tanks and university research centers. Some of the foundation's major grantees include the following: Vicks Vicks is an American brand of over-the-counter medications owned by the American companies Procter & Gamble and Kaz Incorporated . Vicks manufactures NyQuil and its sister medication, DayQuil as well as other medications in
48-517: The "Quil" line. Vicks also produces the Formula 44 brand of cough medicines , cough drops , Vicks VapoRub , and a number of inhaled breathing treatments . For much of its history, Vicks products were manufactured by the family-owned company Richardson-Vicks, Inc., based in Greensboro, North Carolina . Richardson-Vicks, Inc., was eventually sold to Procter & Gamble in 1985. Procter & Gamble divested
60-715: The Richardson family sold the company to Procter & Gamble . In 1973, R. Randolph Richardson assumed the presidency of the Foundation. Richardson was particularly interested in supporting free-market and pro-democratic causes. 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. The Foundation also supported pro-democracy organizations in Central and Eastern Europe,
72-523: The Soviet Union, and Central and South America. 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 . At the end of 2013, the foundation had assets totaling $ 521,570,780 according to its federal tax return. During that year, it awarded
84-701: The Vicks VapoSteam U.S. liquid inhalant business and sold it to Helen of Troy in 2015. In German-speaking countries (apart from Switzerland), Vicks is known as Wick to avoid brand blundering , as "Vicks" when pronounced in German would sound similar to a vulgar word. In 1890, pharmacist Lunsford Richardson of Selma, North Carolina , took over the retail drug business of his brother-in-law Dr. John Vick, of Greensboro, North Carolina . After Dr. John Vick saw an ad for Vick's Seeds , Lunsford Richardson began marketing Vick’s Family Remedies . The basic ingredients of
96-578: The Vicks brand. The company archives (including related personal records of the Richardson family) from at least about 1920 or so, up to the 1985 sale to Procter & Gamble, are housed at the University of North Carolina at Chapel Hill . In March 2015, Procter & Gamble sold the Vicks VapoSteam U.S. liquid inhalant business to Helen of Troy Ltd . Edward Mabry Edward Loughlin Mabry (1897–1989),
108-406: The board of directors. Vicks became Richardson Merrell Inc. after merging with Marion Merrell Dow , and in 1985 was sold to Procter & Gamble , where it remains as a brand and product division. In addition to his achievements in the business world, Mabry wrote eighteen books, among them collections of poetry and sayings. His first book, Maybryana , was a cinquain -centric book of poetry. It
120-476: The range included castor oil , liniment , and 'dead shot' vermifuge . The most popular remedy was Croup and Pneumonia Salve , which was first compounded in 1891, in Greensboro. It was introduced in 1905 with the name Vick's Magic Croup Salve and rebranded as VapoRub in 1912 at the instigation of H. Smith Richardson, Lunsford's oldest son; Smith had gained valuable sales and marketing experience while working for
132-434: Was an American writer, poet, and chemical tycoon. During World War I Edward Mabry joined the Vick Chemical Company , founded by Lunsford Richardson in 1898. Vicks today is best known for its VapoRub , DayQuil , and NyQuil brands, and it was once home to Icy Hot and Oil of Olay as well. In 1948, after 32 years with the company in sales and advertising, Mabry was named President. In 1957 he also became chairman of
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#1732855489515144-480: Was established in 1935 by H. Smith Richardson Sr. and his wife Grace Jones Richardson. 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. In later years, Richardson-Vicks also became a major force in the market for prescription drugs as well as a wide range of consumer products. In 1985,
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