It transitioned to independence from the Smith Richardson Foundation, assuming the name of The Randolph Foundation from 1991–1993, and was reconstituted as a NY non-profit corporation in 2002.
The entity shifted its governance structure, changing from being under the Smith Richardson Foundation's management to operating independently. It used the name The Randolph Foundation between 1991 and 1993 and was subsequently reorganized as a NY-based non-profit corporation in 2002.