Charles Stewart Mott Foundation
- Assets
- $3.9b
- Revenue
- $248.7m
- Investments
- $3.8b
- Employees
- 0
- Location
- Flint, MI
- Founding
- 05/1933
- Data as of
- 12/2020
- EIN
- 38-1211227
Organization Overview
Charles Stewart Mott Foundation is located in Flint, MI. The organization was established in 1933. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles Stewart Mott Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Charles Stewart Mott Foundation generated $248.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $164.3m during the year ending 12/2020. While expenses have increased by 2.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Charles Stewart Mott Foundation has awarded 9,262 individual grants totaling $1,095,229,496. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIZZEN BY MOTT IS AN EDUCATION TECHNOLOGY SERVICE OFFERING FREE DIGITAL LESSON PLANS, CURRICULUM, ACTIVITIES, AND RESOURCES FOR YOUTH-SERVING PROFESSIONALS IN OUT-OF-SCHOOL TIME PROGRAMS. THE PLATFORM HELPS EDUCATORS PLAN AND DELIVER ENGAGING COURSES, LESSONS, AND ACTIVITIES FOR STUDENTS WITH CONTENT FROM ORGANIZATIONS, SUCH AS NASA, PBS, THE PULITZER CENTER AND JAZZ AT LINCOLN CENTER. MIZZEN ALSO PROVIDES PROFESSIONAL DEVELOPMENT RESOURCES AND EXPERIENCES THAT SUPPORT AFTERSCHOOL PRACTITIONERS IN DESIGNING HIGH QUALITY AND ENGAGING PROGRAMS AND ACTIVITIES. CURRICULUM AVAILABLE VIA THE APP WILL FEATURE STEM, CAREER EXPLORATION, HEALTH AND WELLNESS, SOCIAL EMOTIONAL LEARNING, VISUAL AND PERFORMING ARTS, ACADEMIC SUPPORT, LITERACY, YOUTH LEADERSHIP, AND OTHER K-12 ENRICHMENT CONTENT. MIZZEN DEVELOPS STRATEGIC PARTNERSHIPS AND COLLABORATIONS WITH COMMUNITY-BASED ORGANIZATIONS, SCHOOLS, EXPERTS IN THE FIELD AND CORPORATIONS ACTIVELY ENGAGED IN EDUCATIONAL AND YOUTH DEVELOPMENT INITIATIVES.
EXPANDING QUALITY AFTERSCHOOL. THIS FOUNDATION-ADMINISTERED PROJECT (FAP) HELPED TO FURTHER THE FOUNDATION'S EFFORTS TO PROVIDE SUPPORT TO THE STATEWIDE AFTERSCHOOL NETWORKS AND EDUCATION LEADERS IN THE AREAS OF AFTERSCHOOL POLICY, QUALITY AND STUDENT IMPACT. THROUGH THIS FAP, THE FOUNDATION COMMISSIONED A CONSULTANT TO: 1) SUPPORT THE NETWORKS TO CREATE NEW MOMENTUM AND INITIATIVES IN SUPPORT OF AFTERSCHOOL AND COMMUNITY SCHOOLS ACROSS ALL 50 STATES; 2) PROVIDE TECHNICAL ASSISTANCE AND SUPPORT TO DEVELOP STRATEGIES TO AMPLIFY AFTERSCHOOL IN WYOMING, CALIFORNIA, OREGON, TEXAS, NEW YORK, AND PENNSYLVANIA; 3) ASSIST NETWORKS TO DEVELOP NEW KEY CHAMPIONS AND CREATE PARTNERSHIPS WITH STATE EDUCATION SYSTEMS; 4) PRESENTED AT VARIOUS NATIONAL VIRTUAL CONVENINGS IN SUPPORT OF THE FOUNDATION'S PRIORITIES.
ADVANCING AFTERSCHOOL TECHNICAL ASSISTANCE. THIS FOUNDATION-ADMINISTERED PROJECT (FAP) HELPED TO FURTHER THE FOUNDATION'S EFFORTS TO PROVIDE TECHNICAL ASSISTANCE IN THE AREAS OF AFTERSCHOOL POLICY, PRACTICE AND SUSTAINABILITY. THROUGH THIS FAP, THE FOUNDATION COMMISSIONED A CONSULTANT TO: 1)PROMOTE UNDERSTANDING OF EDUCATION RECOVERY POLICY OR OTHER DEVELOPMENTS IN THE AFTERSCHOOL, COMMUNITY LEARNING, AND EXPANDED LEARNING FIELDS ; 2) DEVELOP STRATEGIES TO ADVANCE THE STATEWIDE AFTERSCHOOL NETWORKS; 3) ASSIST IN THE PREPARATION AND IMPLEMENTATION OF THE NATIONAL NETWORK OF STATE AFTERSCHOOL NETWORKS' MEETING; AND 4) PARTICIPATE IN VIRTUAL MEETINGS AND CONFERENCES WITH OTHER EDUCATION STAKEHOLDERS.
AFTERSCHOOL TECHNICAL ASSISTANCE COLLABORATIVE AND STATEWIDE AFTERSCHOOL NETWORKS. THIS FOUNDATION-ADMINISTERED PROJECT (FAP) HELPED TO FURTHER THE FOUNDATION'S EFFORTS TO PROVIDE TECHNICAL ASSISTANCE TO THE STATEWIDE AFTERSCHOOL NETWORKS. THROUGH THIS FAP, THE FOUNDATION COMMISSIONED A CONSULTANT TO: 1) FACILITATE THE COORDINATION OF THE AFTERSCHOOL TECHNICAL ASSISTANCE COLLABORATIVE; 2) WORK WITH FOWLERHOFFMAN AND THE FOUNDATION TO SUPPORT THE USE AND IMPLEMENTATION OF THE NETWORK SELF-ASSESSMENT TOOL AND LEARNING RECOVERY STRATEGIES; 3) MONITOR AND TRACK THE CHALLENGES AND ACCOMPLISHMENTS OF THE STATEWIDE AFTERSCHOOL NETWORKS; AND 4) PROVIDE DIRECT TECHNICAL ASSISTANCE TO THE STATEWIDE AFTERSCHOOL NETWORKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 2 | $0 | |
Stephen Vessells Investment Manager | 35 | $639,431 | |
Cheryl Garneau Investment Manager | 35 | $583,070 | |
Ken Austin Investment Manager | 35 | $547,276 | |
Shannon Lawder Dir-Civil Society | 35 | $256,910 | |
Karen Aldridge-Eason Foundation Liaison | 35 | $250,507 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bodman Plc | 12/30/21 | $496,466 |
Lsv Asset Management | 12/30/21 | $966,275 |
Vulcan Value Partners Llc | 12/30/21 | $687,962 |
Focused Investors Llc | 12/30/21 | $722,197 |
Jason Ricci | 12/30/21 | $789,645 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46,611 |
| Dividends & Interest | $23,438,163 |
| Net Rental Income | -$1,188,413 |
| Net Gain on Sale of Assets | $60,774,244 |
| Capital Gain Net Income | $238,886,735 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $163,582,431 |
| Total Revenue | $248,723,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,181,700 |
| Other employee salaries and wages | $9,138,012 |
| Pension plans, employee benefits | $6,633,527 |
| Interest | $0 |
| Taxes | $3,680,706 |
| Depreciation | $147,924 |
| Occupancy | $2,464,543 |
| Travel, conferences, and meetings | $301,794 |
| Printing and publications | $100,086 |
| Other expenses | $647,155 |
| Total operating and administrative expenses | $31,202,295 |
| Contributions, gifts, grants paid | $133,057,185 |
| Total expenses and disbursements | $164,259,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,113 |
| Savings and temporary cash investments | $114,483,686 |
| Net Accounts receivable | $143,464 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,010,390 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $422,323 |
| Net Investments - land, buildings, equipment | $3,523,376 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,903,386,083 |
| Net Land, buildings, and equipment | $4,113,353 |
| Other assets | $1,178,169 |
| Total assets | $3,940,484,030 |
| Accounts payable and accrued expenses | $2,523,867 |
| Grants payable | $27,851,595 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $70,309,937 |
| Total liabilities | $100,685,399 |
Grants Awarded
Over the last fiscal year, Charles Stewart Mott Foundation has awarded $198,656,338 in support to 1,248 organizations.
| Grant Recipient | Amount |
|---|---|
East Lansing, MI PURPOSE: TO SUPPORT THE EXPANSION OF THE MICHIGAN STATE UNIVERSITY PUBLIC HEALTH PROGRAM IN FLINT. | $25,000,000 |
Flint, MI PURPOSE: TO SUPPORT THE EXPANSION OF MICHIGAN STATE UNIVERSITY'S DOWNTOWN FLINT CAMPUS FOOTPRINT FOR ADDITIONAL PUBLIC HEALTH EXPERTISE AND ENHANCED VIBRANCY OF THE HEALTH AND WELLNESS DISTRICT. | $10,800,000 |
GENESEE COUNTY PURPOSE: TO SUPPORT THE PURCHASE OF A BUILDING IN DOWNTOWN FLINT THAT WILL GIVE RESIDENTS EASY ACCESS TO A VARIETY OF NEEDED SERVICES, HELP GENESEE COUNTY RIGHT-SIZE ITS CAPITAL FOOTPRINT AND SUPPORT THE STRUGGLING ECONOMY OF DOWNTOWN FLINT. | $10,000,000 |
Washington, DC PURPOSE: TO SUPPORT DEVELOPMENT OF THE LEGAL EMPOWERMENT FIELD TO ENSURE ACCESS TO JUSTICE FOR MARGINALIZED AND VULNERABLE COMMUNITIES AROUND THE WORLD. | $7,000,000 |
GENESEE HEALTH SYSTEM PURPOSE: TO EXPAND ACCESS TO HEALTH AND WELLNESS SERVICES FOR FLINT CHILDREN THROUGH A PURPOSE-BUILT FACILITY AND SUITE OF PROGRAMS. | $5,500,000 |
Flint, MI PURPOSE: TO STRENGTHEN THE CAPACITY OF THE FLINT CULTURAL CENTER INSTITUTIONS (THE FLINT INSTITUTE OF MUSIC, THE FLINT INSTITUTE OF ART, THE WHITING AND SLOAN*LONGWAY). | $4,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charles Stewart Mott Foundation has recieved totaling $158,000.
| Awarding Organization | Amount |
|---|---|
Council Of Michigan Foundations Inc Grand Rapids, MI PURPOSE: OFFICE OF THE FOUNDATION LIAISON SUPPORT | $158,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lilly Endowment Inc Indianapolis, IN | $32,760,446,092 | $1,327,229,144 |
Charles Stewart Mott Foundation Flint, MI | $3,940,484,030 | $248,723,144 |
The Ralph C Wilson Jr Foundation Detroit, MI | $1,326,486,883 | $124,247,727 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |