In Memoriam: Celebrating the legacy of Fred Smith ’66, CEO and founder of FedEx and champion of carbon capture research at Yale

Friday, June 27, 2025
Photo of Fred Smith standing on airstairs next to a fedex plane on a tarmac

Photo of Fred Smith by Annie Leibovitz in 2023 to commemorate FedEx’s 50th Anniversary

Frederick W. “Fred” Smith ’66, the founder and long-time chair of the FedEx Corporation, passed away on June 21, 2025. Smith is remembered as a passionate supporter of Yale and as the champion of a groundbreaking partnership with FedEx that established the Yale Center for Natural Carbon Capture (YCNCC).

Launched in 2021 with a transformative gift from FedEx, YCNCC aims to mitigate climate change by leveraging natural processes that remove excess carbon from the atmosphere and offer meaningful social and ecological co-benefits. The Center builds on Smith’s passion for scientific research and his vision for collaboration between researchers and the aviation industry. Today, YCNCC supports dozens of researchers across three major areas of focus that span departments and schools at Yale to mitigate climate change—a mission that continues to expand with a laser focus on catalyzing real-world impact at scale.

“Fred Smith’s enthusiasm for the Yale Center for Natural Carbon Capture was infectious,” said Indy Burke, the Carl W. Knobloch, Jr. Dean of the Yale School of the Environment. “He understood how much CO2 the aviation industry produces, and that a multi-pronged approach utilizing a variety of natural solutions strategies would be needed to offset the harmful effects in a timely manner. Thanks to his vision and the support of others at FedEx, YCNCC’s dream team of researchers is now a reality.” 

As aviation’s contribution to climate change became clear, Smith felt that FedEx should take a leading role in leveraging the transportation industry to be part of the solution. He strongly believed that partnerships between academia and industry offered the best way to bring science-based solutions to scale, and he worked tirelessly to facilitate ties among university researchers, FedEx, and other leaders in the field of aviation.

“From our very first meeting with the FedEx team, Fred was immediately excited and curious, for example, about geological carbon capture, asking insightful questions. His commitment to developing effective, scalable solutions was both pioneering and courageous. Fred’s dedication to the mission of the center, along with his adeptness at explaining and advocating for what we do, was huge.”

David Bercovici, the YCNCC co-director and the Frederick William Beinecke Professor of Earth & Planetary Sciences.

After graduating in 1966 from Yale College, where he majored in economics, Smith served for four years with the United States Marine Corps, including two tours of duty in Vietnam. In 1973, he launched the Federal Express Corporation, better known today as FedEx, which would go on to transform the global shipping industry. A story on the FedEx website details his life and career accomplishments.

In addition to his advocacy for climate solutions, Smith directed his personal philanthropy to the Yale School of Management and other areas of the university, supporting students, faculty, and research initiatives.

Fred Smith with Yale School of the Environment Dean Indy Burke discuss the natural carbon capture at the 2024 International Corporate Citizenship Conference in Memphis, TN

Fred Smith and Yale School of the Environment Dean Indy Burke discuss natural carbon capture at the 2024 International Corporate Citizenship Conference in Memphis, TN

“The Center is how I’ll remember Fred on an institutional level, but I was deeply fond of him personally. Throughout my interactions with Fred, I was tremendously inspired by the leadership lessons he embodied so well. Kindness and generosity were always at the forefront.”

Indy Burke, the Carl W. Knobloch, Jr. Dean of the Yale School of the Environment

Today, the YCNCC supports a growing body of cutting-edge research, bringing top researchers into the Yale community and connecting them to a network of research labs across campus and beyond. The Center funds major scientific initiatives and other research projects, supports five endowed faculty positions, sponsors graduate and postdoctoral fellowships, funds a workshop program and a major symposium, and invests in outreach and training for the next generation of scientists and practitioners.