The Charles Stewart Mott Foundation is a
private foundation founded in 1926 by
Charles Stewart Mott of
Flint, Michigan. Mott was a leading
industrialist
A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through perso ...
in Flint through his association with
General Motors.
The foundation administers funds through four programs:
Civil Society,
Environment
Environment most often refers to:
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* Natural environment, all living and non-living things occurring naturally
* Biophysical environment, the physical and biological factors along with their chemical interactions that affect an organism or ...
,
Flint
Flint, occasionally flintstone, is a sedimentary cryptocrystalline form of the mineral quartz, categorized as the variety of chert that occurs in chalk or marly limestone. Flint was widely used historically to make stone tools and sta ...
Area, and
Pathways out of Poverty Pathways Out of Poverty (POP) is an American workforce development program that was established on August 14, 2009 by the Obama administration and funded by the American Recovery and Reinvestment Act (ARRA) of 2009. The Department of Labor's Employ ...
, 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
Public/Private Ventures (P/PV) was a nonprofit, nonpartisan, social research and policy organization; it disbanded on July 31, 2012. Its mission was to improve the effectiveness of policies, programs and community initiatives, especially as they ...
,
The Nature Conservancy
The Nature Conservancy (TNC) is a global environmental organization headquartered in Arlington, Virginia. it works via affiliates or branches in 79 countries and territories, as well as across every state in the US.
Founded in 1951, The Natu ...
,
University of Michigan
, mottoeng = "Arts, Knowledge, Truth"
, former_names = Catholepistemiad, or University of Michigania (1817–1821)
, budget = $10.3 billion (2021)
, endowment = $17 billion (2021)As o ...
, Jobs for the Future,
Afterschool Alliance,
Kentucky Child Now,
Flint Institute of Arts and
Focus: HOPE.
It is a member of the
Network of European Foundations for Innovative Cooperation (NEF) and the European Foundation Centre.
History
In June 1926, the Charles Stewart Mott Foundation was founded by C.S. Mott.
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.
In 1968, the
Genesee County park system was started with the purchase of vacant land
funded by the Charles Stewart Mott Foundation with a stipulation that a parks commission be formed.
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.
In June 2017, the foundation's 91st year, the Mott Foundation had surpassed over $1 billion in grants dispersed.
[
In November 2018, the CEO, William White announced his immediate retirement and replacement by Ridgeway White as successor. White died in October 2019, aged 82.]
References
External links
*
Foundations based in the United States
Charities based in Michigan
1926 establishments in Michigan
Flint, Michigan
Charles Stewart Mott
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