Charles Stewart Mott Foundation: Difference between revisions
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{{short description|Private foundation based in Flint, Michigan, United States}} |
{{short description|Private foundation based in Flint, Michigan, United States}} |
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{{infobox organization |
{{infobox organization |
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|name = Charles Stewart Mott Foundation |
|name = Charles Stewart Mott Foundation |
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|type = [[Private foundation]] |
|type = [[Private foundation]] |
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|headquarters = [[Charles Stewart Mott Foundation Building|Mott Foundation Building]], [[Flint, Michigan]], [[United States]] |
|headquarters = [[Charles Stewart Mott Foundation Building|Mott Foundation Building]], [[Flint, Michigan]], [[United States]] |
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|leader_title = Chairman |
|leader_title = Chairman |
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|leader_name = |
|leader_name = Ridgway H. White |
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| leader_title2 = |
| leader_title2 = Vice Chairman |
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| leader_name2 = |
| leader_name2 = Frederick S. Kirkpatrick |
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|key_people = |
|key_people = |
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| revenue = $ |
| revenue = $110 million <ref name="Ratings">{{cite web| url=https://projects.propublica.org/nonprofits/organizations/381211227| title=Charles Stewart Mott Foundation| website=ProPublica| date=May 9, 2013| accessdate=August 31, 2024}}</ref> |
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| revenue_year = |
| revenue_year = 2022 |
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| expenses = $ |
| expenses = $222 million <ref name="Ratings" /> |
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| expenses_year = |
| expenses_year = 2022 |
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|website ={{ |
|website ={{URL|www.mott.org}} |
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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 '''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]]. |
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The foundation administers funds through four programs: [[Civil |
The foundation administers funds through four programs: [[Civil society]], [[natural environment|Environment]], [[Flint, Michigan|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 2022, the foundation had year-end total assets of $ 3.7 billion and made 385 grants totalling $190.6 million.<ref>{{cite web |url=https://www.mott.org/about/financials/ |title=Charles Stewart Mott Foundation Financials |website=Charles Stewart Mott Foundation |access-date=August 31, 2024}}</ref> 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 [[Focus: HOPE]].<ref name=MottGrantsSearchFrom1996>{{cite web |url=https://www.mott.org/grants/#s=post_date |website=www.mott.org |publisher=Charles Stewart Mott Foundation |title=Grants Database: Grants made since 1996 in the program areas you have selected. |accessdate=February 20, 2017}}</ref> |
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It is a member of the [[Network of European Foundations for Innovative Cooperation]] (NEF) and the European Foundation Centre. |
It is a member of the [[Network of European Foundations for Innovative Cooperation]] (NEF) and the European Foundation Centre.<ref name="Network of European Foundations PDF">{{cite web| url=http://www.stiftungen.org/fileadmin/bvds/de/Termine_und_Vernetzung/Arbeitskreise/AK_Internationales/Hamburg_2007/Vortrag__Luc_Tayart.pdf| title=Network of European Foundations (NEF)| publisher=Network of European Foundations (NEF)| date=October 25, 2007| accessdate=April 4, 2014| pages=5| archive-url=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| archive-date=April 7, 2014| url-status=dead}}</ref><ref>{{Cite web|url=https://www.efc.be/organisation/charles-stewart-mott-foundation/|title=Charles Stewart Mott Foundation – European Foundation Centre|language=en-GB|access-date=February 12, 2019}}</ref> |
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==History== |
==History== |
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[[File:Flint July 2018 23 (Charles Stewart Mott Foundation Building - Union Industrial Bank Building).jpg|thumb|The [[Charles Stewart Mott Foundation Building]], formerly the Union Industrial Bank Building, in [[Flint, Michigan]]]] |
[[File:Flint July 2018 23 (Charles Stewart Mott Foundation Building - Union Industrial Bank Building).jpg|thumb|The [[Charles Stewart Mott Foundation Building]], formerly the Union Industrial Bank Building, in [[Flint, Michigan]]]] |
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In June 1926, the Charles Stewart Mott Foundation was founded by C.S. Mott.<ref name=fj1>{{cite news |last1=Acosta |first1=Roberto |title=C.S. Mott Foundation eclipses $1 billion in Flint grants |url=http://www.mlive.com/news/flint/index.ssf/2017/06/cs_mott_foundation_eclipses_1.html |accessdate=June 8, 2018 |work=Flint Journal |publisher=MLive.com |date=June 27, 2017}}</ref> 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.<ref name=fj0>{{cite news|last1=Azizian|first1=Carol |title=Community supporters made Flint Cultural Center a reality |url=http://www.mlive.com/flintjournal/business/index.ssf/2008/07/community_supporters_made_flin.html |accessdate=May 16, 2018|work=Flint Journal|publisher=MLive Media Group|date=July 11, 2008}}</ref> |
In June 1926, the Charles Stewart Mott Foundation was founded by C.S. Mott.<ref name=fj1>{{cite news |last1=Acosta |first1=Roberto |title=C.S. Mott Foundation eclipses $1 billion in Flint grants |url=http://www.mlive.com/news/flint/index.ssf/2017/06/cs_mott_foundation_eclipses_1.html |accessdate=June 8, 2018 |work=Flint Journal |publisher=MLive.com |date=June 27, 2017}}</ref> 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.<ref name=fj0>{{cite news|last1=Azizian|first1=Carol |title=Community supporters made Flint Cultural Center a reality |url=http://www.mlive.com/flintjournal/business/index.ssf/2008/07/community_supporters_made_flin.html |accessdate=May 16, 2018|work=Flint Journal|publisher=MLive Media Group|date=July 11, 2008}}</ref> |
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In 1968, the [[Genesee County, Michigan|Genesee County]] park system was started with the purchase of vacant land<ref name="scv">{{cite news |last1=Terry |first1=Tanya |title=Genesee County Parks turns 50 years |url=http://swartzcreekview.mihomepaper.com/news/2018-05-31/News/Genesee_County_Parks_turns_50_years.html |accessdate=June 7, 2018 |work=Swartz Creek View |date=May 31, 2018 |language=en |archive-url=https://web.archive.org/web/20180612143616/http://swartzcreekview.mihomepaper.com/news/2018-05-31/News/Genesee_County_Parks_turns_50_years.html |archive-date=June 12, 2018 |url-status=dead }}</ref> funded by the Charles Stewart Mott Foundation with a stipulation that a parks commission be formed.<ref>{{cite web |last1=Gifford |first1=Paul |title=Genesee County Parks and Recreation Commission Records summary |url=https://www.umflint.edu/archives/genesee-county-parks-and-recreation-commission-records |website=www.umflint.edu |publisher=University of Michigan-Flint |accessdate=June 7, 2018 |language=en-us}}</ref> |
In 1968, the [[Genesee County, Michigan|Genesee County]] park system was started with the purchase of vacant land<ref name="scv">{{cite news |last1=Terry |first1=Tanya |title=Genesee County Parks turns 50 years |url=http://swartzcreekview.mihomepaper.com/news/2018-05-31/News/Genesee_County_Parks_turns_50_years.html |accessdate=June 7, 2018 |work=Swartz Creek View |date=May 31, 2018 |language=en |archive-url=https://web.archive.org/web/20180612143616/http://swartzcreekview.mihomepaper.com/news/2018-05-31/News/Genesee_County_Parks_turns_50_years.html |archive-date=June 12, 2018 |url-status=dead }}</ref> funded by the Charles Stewart Mott Foundation with a stipulation that a parks commission be formed.<ref>{{cite web |last1=Gifford |first1=Paul |title=Genesee County Parks and Recreation Commission Records summary |url=https://www.umflint.edu/archives/genesee-county-parks-and-recreation-commission-records |website=www.umflint.edu |publisher=University of Michigan-Flint |accessdate=June 7, 2018 |language=en-us}}</ref> |
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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 |
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.<ref>{{cite news |last1=Walsh |first1=Mary Williams |title=Ostensibly Independent, a Charity Is U.S. Sugar's Swing-Vote Shareholder |url=https://www.nytimes.com/2008/05/29/business/29sugarside.html?_r=0 |accessdate=May 31, 2018 |work=The New York Times |date=May 29, 2008 |archiveurl=https://web.archive.org/web/20180531135026/https://www.nytimes.com/2008/05/29/business/29sugarside.html?_r=0 |archivedate=May 31, 2018}}</ref> |
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In June 2017, the foundation's 91st year, the Mott Foundation had surpassed over $1 billion in grants dispersed.<ref name=fj1/> |
In June 2017, the foundation's 91st year, the Mott Foundation had surpassed over $1 billion in grants dispersed.<ref name=fj1/> |
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In November 2018, the CEO |
In November 2018, the CEO, William White announced his immediate retirement and replacement by Ridgeway White as successor.<ref>{{Cite web|url=https://www.efc.be/news/ridgway-white-to-replace-william-white-as-ceo-of-the-mott-foundation/|title=Ridgway White to replace William White as CEO of the Mott Foundation – European Foundation Centre|language=en-GB|access-date=February 12, 2019|archive-url=https://web.archive.org/web/20190213014148/https://www.efc.be/news/ridgway-white-to-replace-william-white-as-ceo-of-the-mott-foundation/|archive-date=February 13, 2019|url-status=dead}}</ref><ref>{{Cite web|url=https://www.mott.org/news/articles/leadership-transition-at-the-mott-foundation/|title=Leadership transition at the Mott Foundation|website=Mott Foundation|date=November 13, 2018 |language=en-US|access-date=February 12, 2019}}</ref> White died in October 2019, aged 82.<ref>{{Cite news|url=https://www.abc12.com/content/news/Flint-philanthropist-William-White-dies-at-82-562641461.html|title=Flint philanthropist, C.S. Mott Foundation leader William White dies at 82|first=ABC12 News|last=Team|website=www.abc12.com}}</ref> |
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==References== |
==References== |
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==External links== |
==External links== |
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*{{official website|http://www.mott.org}} |
*{{official website|http://www.mott.org}} |
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{{European Foundations for Innovative Cooperation}} |
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{{Authority control}} |
{{Authority control}} |
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[[Category:Flint, Michigan]] |
[[Category:Flint, Michigan]] |
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[[Category:Charles Stewart Mott]] |
[[Category:Charles Stewart Mott]] |
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{{US-philanthropy-org-stub}} |
{{US-philanthropy-org-stub}} |
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{{Michigan-stub}} |
{{Michigan-stub}} |
Latest revision as of 10:59, 21 December 2024
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Formation | 1926 |
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Founder | Charles Stewart Mott |
Type | Private foundation |
Headquarters | Mott Foundation Building, Flint, Michigan, United States |
Chairman | Ridgway H. White |
Vice Chairman | Frederick S. Kirkpatrick |
Revenue | $110 million [1] (2022) |
Expenses | $222 million [1] (2022) |
Website | www |
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 2022, the foundation had year-end total assets of $ 3.7 billion and made 385 grants totalling $190.6 million.[2] 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 Focus: HOPE.[3]
It is a member of the Network of European Foundations for Innovative Cooperation (NEF) and the European Foundation Centre.[4][5]
History
[edit]In June 1926, the Charles Stewart Mott Foundation was founded by C.S. Mott.[6] 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.[7]
In 1968, the Genesee County park system was started with the purchase of vacant land[8] funded by the Charles Stewart Mott Foundation with a stipulation that a parks commission be formed.[9]
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.[10]
In June 2017, the foundation's 91st year, the Mott Foundation had surpassed over $1 billion in grants dispersed.[6]
In November 2018, the CEO, William White announced his immediate retirement and replacement by Ridgeway White as successor.[11][12] White died in October 2019, aged 82.[13]
References
[edit]- ^ a b "Charles Stewart Mott Foundation". ProPublica. May 9, 2013. Retrieved August 31, 2024.
- ^ "Charles Stewart Mott Foundation Financials". Charles Stewart Mott Foundation. Retrieved August 31, 2024.
- ^ "Grants Database: Grants made since 1996 in the program areas you have selected". www.mott.org. Charles Stewart Mott Foundation. Retrieved February 20, 2017.
- ^ "Network of European Foundations (NEF)" (PDF). Network of European Foundations (NEF). October 25, 2007. p. 5. Archived from the original (PDF) on April 7, 2014. Retrieved April 4, 2014.
- ^ "Charles Stewart Mott Foundation – European Foundation Centre". Retrieved February 12, 2019.
- ^ a b Acosta, Roberto (June 27, 2017). "C.S. Mott Foundation eclipses $1 billion in Flint grants". Flint Journal. MLive.com. Retrieved June 8, 2018.
- ^ Azizian, Carol (July 11, 2008). "Community supporters made Flint Cultural Center a reality". Flint Journal. MLive Media Group. Retrieved May 16, 2018.
- ^ Terry, Tanya (May 31, 2018). "Genesee County Parks turns 50 years". Swartz Creek View. Archived from the original on June 12, 2018. Retrieved June 7, 2018.
- ^ Gifford, Paul. "Genesee County Parks and Recreation Commission Records summary". www.umflint.edu. University of Michigan-Flint. Retrieved June 7, 2018.
- ^ 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.
- ^ "Ridgway White to replace William White as CEO of the Mott Foundation – European Foundation Centre". Archived from the original on February 13, 2019. Retrieved February 12, 2019.
- ^ "Leadership transition at the Mott Foundation". Mott Foundation. November 13, 2018. Retrieved February 12, 2019.
- ^ Team, ABC12 News. "Flint philanthropist, C.S. Mott Foundation leader William White dies at 82". www.abc12.com.
{{cite news}}
: CS1 maint: numeric names: authors list (link)
External links
[edit]