Charles Stewart Mott Foundation

Charles Stewart Mott Foundation
Formation 1926
Founder Charles Stewart Mott
Type Private foundation
Headquarters Mott Foundation Building, Flint, Michigan, United States
Chairman and CEO
 William S. White
President
 Ridgway White
Revenue (2015)
$228,269,796[1]
Expenses (2015) $145,634,783[1]
Website www.mott.org

The Charles Stewart Mott Foundation is a private foundation founded in 1926 by Charles Stewart Mott of Flint, Michigan. Mott was a leading industrialist in Flint through his association with General Motors.

The foundation administers funds through four programs: Civil Society, Environment, Flint Area, and Pathways out of Poverty, and it also funds special exploratory projects. It supports nonprofit programs throughout the United States and, on a limited basis, internationally. In 2006, the Foundation had year-end total assets of $2.6 billion and made 545 grants totaling $107.3 million. Some organizations that the foundation has funded are the Kettering University, Public/Private Ventures, The Nature Conservancy, University of Michigan, Jobs for the Future, Afterschool Alliance, European Foundation Centre, Kentucky Child Now, Flint Institute of Arts and Focus: HOPE.[2] It is a member of the Network of European Foundations for Innovative Cooperation (NEF).[3]

History

The Charles Stewart Mott Foundation Building, formerly the Union Industrial Bank Building, in Flint, Michigan

In June 1926, the Charles Stewart Mott Foundation was founded by C.S. Mott.[4] Starting in 1928, the foundation made annual gifts to the Flint Institute of Arts. With the establishment of the Flint Cultural Center in 1958, this annual contribution was shifted to the cultural center.[5]

In 1968, the Genesee County park system was started with the purchase of vacant land[6] funded by the Charles Stewart Mott Foundation with a stipulation that a parks commission be formed.[7]

Mott transferred U.S. Sugar shares to the foundation. In 1969 with a law passed limiting private family foundations could hold of a corporation, the foundation gave a large number of shares to the Mott Children’s Health Center, a Flint charitable medical organization founded in 1939, to be below the 35% limit.[8]

In June 2017, the foundation's 91 year, the Mott Foundation had surpassed over $1 billion in grants dispersed.[4]

References

  1. 1 2 "Charles Stewart Mott Foundation" (PDF). Foundation Center. Retrieved 7 July 2017.
  2. ↑ "Grants Database: Grants made since 1996 in the program areas you have selected". www.mott.org. Charles Stewart Mott Foundation. Retrieved 20 February 2017.
  3. ↑ "Network of European Foundations (NEF)" (PDF). Network of European Foundations (NEF). Oct 25, 2007. p. 5. Retrieved April 4, 2014.
  4. 1 2 Acosta, Roberto (June 27, 2017). "C.S. Mott Foundation eclipses $1 billion in Flint grants". Flint Journal. MLive.com. Retrieved June 8, 2018.
  5. ↑ Azizian, Carol (July 11, 2008). "Community supporters made Flint Cultural Center a reality". Flint Journal. MLive Media Group. Retrieved May 16, 2018.
  6. ↑ Terry, Tanya (May 31, 2018). "Genesee County Parks turns 50 years". Swartz Creek View. Retrieved June 7, 2018.
  7. ↑ Gifford, Paul. "Genesee County Parks and Recreation Commission Records summary". www.umflint.edu. University of Michigan-Flint. Retrieved June 7, 2018.
  8. ↑ Walsh, Mary Williams (May 29, 2008). "Ostensibly Independent, a Charity Is U.S. Sugar's Swing-Vote Shareholder". The New York Times. Archived from the original on May 31, 2018. Retrieved May 31, 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.