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 moved from being managed by the Smith Richardson Foundation to operating independently, adopting the name The Randolph Foundation from 1991 to 1993. It was then reconstituted as a NY-based non-profit organization in 2002.