Charles Stewart Mott Foundation's Total Giving Surpasses $3 Billion

Charles Stewart Mott Foundation's Total Giving Surpasses $3 Billion

The Flint-based Charles Stewart Mott Foundation has announced a $5 million grant to the Flint Child Health and Development Fund to help its hometown recover from an ongoing drinking water crisis. The foundation also announced that, with the grant, its total grantmaking since 1926 has surpassed the $3 billion mark.

The grant to the Child Health and Development Fund will provide a 1:1 match for donations made to the fund through the end of the year. Announced on the occasion of the foundation's ninetieth anniversary, the grant is part of its commitment to provide up to $100 million over five years in response to the water crisis in Flint.

"Since the Mott Foundation's earliest days, kids and communities have been at the heart of our work," said the foundation's president, Ridgway H. White. "It seems fitting that this milestone grant will support the long-term health and well-being of children in our hometown."

White also noted that the foundation has now awarded more since its establishment in 1926 than the value of its current asset base of $2.7 billion. Adjusted for inflation, the value of the $3 billion it has awarded in grants would exceed $5.4 billion.

"That speaks to the value of endowed philanthropy in helping to address society's most difficult problems," said White. "The capacity to explore and test possible solutions, to support the painstaking process of building community partnerships, and to take the long view on strategies that may take years or even decades to bear fruit is absolutely essential to achieving positive change."

"Mott Foundation Marks $3 Billion in Giving Over 90 Years." Charles Stewart Mott Foundation Press Release 06/20/2016.