Charles Stewart Mott Foundation Explained

Charles Stewart Mott Foundation
Formation:1926
Founder:Charles Stewart Mott
Type:Private foundation
Headquarters:Mott Foundation Building, Flint, Michigan, United States
Leader Title:Chairman and CEO
Leader Name:William S. White
Leader Title2:President
Leader Name2:Ridgway White
Revenue:$228,269,796[1]
Revenue Year:2015
Expenses:$145,634,783
Expenses Year:2015

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 totalling $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, Kentucky Child Now, Flint Institute of Arts and .[2]

It is a member of the Network of European Foundations for Innovative Cooperation (NEF) and the European Foundation Centre.[3] [4]

History

In June 1926, the Charles Stewart Mott Foundation was founded by C.S. Mott.[5] 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.[6]

In 1968, the Genesee County park system was started with the purchase of vacant land[7] funded by the Charles Stewart Mott Foundation with a stipulation that a parks commission be formed.[8]

Mott transferred U.S. Sugar shares to the foundation. In 1969 with a law passed limiting what 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.[9]

In June 2017, the foundation's 91st year, the Mott Foundation had surpassed over $1 billion in grants dispersed.[5]

In November 2018, the CEO, William White announced his immediate retirement and replacement by Ridgeway White as successor.[10] [11] White died in October 2019, aged 82.[12]

Notes and References

  1. Web site: Charles Stewart Mott Foundation. Foundation Center. July 7, 2017.
  2. Web site: Grants Database: Grants made since 1996 in the program areas you have selected. . www.mott.org . Charles Stewart Mott Foundation . February 20, 2017.
  3. Web site: Network of European Foundations (NEF). Network of European Foundations (NEF). October 25, 2007. April 4, 2014. 5. https://web.archive.org/web/20140407091626/http://www.stiftungen.org/fileadmin/bvds/de/Termine_und_Vernetzung/Arbeitskreise/AK_Internationales/Hamburg_2007/Vortrag__Luc_Tayart.pdf. April 7, 2014. dead.
  4. Web site: Charles Stewart Mott Foundation – European Foundation Centre. en-GB. February 12, 2019.
  5. News: Acosta . Roberto . C.S. Mott Foundation eclipses $1 billion in Flint grants . June 8, 2018 . Flint Journal . MLive.com . June 27, 2017.
  6. News: Azizian. Carol . Community supporters made Flint Cultural Center a reality . May 16, 2018. Flint Journal. MLive Media Group. July 11, 2008.
  7. News: Terry . Tanya . Genesee County Parks turns 50 years . June 7, 2018 . Swartz Creek View . May 31, 2018 . en . https://web.archive.org/web/20180612143616/http://swartzcreekview.mihomepaper.com/news/2018-05-31/News/Genesee_County_Parks_turns_50_years.html . June 12, 2018 . dead .
  8. Web site: Gifford . Paul . Genesee County Parks and Recreation Commission Records summary . www.umflint.edu . University of Michigan-Flint . June 7, 2018 . en-us.
  9. News: Walsh . Mary Williams . Ostensibly Independent, a Charity Is U.S. Sugar's Swing-Vote Shareholder . May 31, 2018 . The New York Times . May 29, 2008 . https://web.archive.org/web/20180531135026/https://www.nytimes.com/2008/05/29/business/29sugarside.html?_r=0 . May 31, 2018.
  10. Web site: Ridgway White to replace William White as CEO of the Mott Foundation – European Foundation Centre. en-GB. February 12, 2019. https://web.archive.org/web/20190213014148/https://www.efc.be/news/ridgway-white-to-replace-william-white-as-ceo-of-the-mott-foundation/. February 13, 2019. dead.
  11. Web site: Leadership transition at the Mott Foundation. Mott Foundation. November 13, 2018 . en-US. February 12, 2019.
  12. Web site: Flint philanthropist, C.S. Mott Foundation leader William White dies at 82. ABC12 News. Team. www.abc12.com.