Flint, MI

The foundation that is giving away billions of dollars in Flint

Ash Jurberg

Photo by Helena Lopes on Unsplash

Readers like seeing a good news story.

And there are few better news stories than when foundations are established to help local communities. Such has been the case with the Charles Stewart Mott Foundation, established in 1926 in Flint, Michigan, and helping the people of Flint ever since.

Let us take a quick look at the foundation giving away millions of dollars in Flint.

Charles Stewart Mott

Charles Stewart Mott was a long-time resident of Flint.

He was a co-founder of General Motors and served three terms as Mayor of Flint, but it is his philanthropy that should be recognized.

In 1926, Charles Stewart Mott created the foundation bearing his name. He had 2,000 shares of General Motors stock, which were worth $320,000, at the time, and he wanted to put that to good use. In the 96 years since, the foundation has given out more than $3.8 billion in grants and donations.

Unlike many other foundations, the Mott Foundation is transparent, publishing its financial information. In 2020, the foundation ended the year with approximately $3.6 billion in assets, and its total grantmaking in 2020 was over $133 million.

Much of those grants have gone to community organizations in Flint. The foundation states that it will "support efforts to help our hometown of Flint solve problems, create opportunities and build a vibrant future for the community and its residents."

Recent donations

One recent benefactor of the Mott Foundation has been the Flint Home Improvement Fund launched in February last year. The innovative program was created "to help Flint homeowners of all income levels repair, improve and renovate their homes through low- or no-interest loans."

The Mott Foundation granted $900,000 to Genesee County Habitat for Humanity to support the program.

In January this year, the foundation granted $25 million to expand the Michigan State University College of Human Medicine’s public health presence in Flint. This will be "used to increase public health faculty, academic research, and community health collaborations." This is in addition to the $20 million given to the university in previous years. According to a study, it led to a return of $93 million in economic output in Genesee County and an additional 310 jobs.

Readers, are you glad to see the work being done by the foundation? And what other organizations in Flint would you like to see the foundation support?

Please leave your comments below.

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