Charles Stewart Mott Foundation
The Charles Stewart Mott Foundation is an independent non-profit organization based in Flint, Michigan, established in 1926 by automotive pioneer Charles Stewart Mott. The foundation is dedicated to advancing a just, equitable, and sustainable society through philanthropic initiatives. It primarily focuses on grantmaking in four key areas: Civil Society, Education, Environment, and the Flint Area. While its primary activities are concentrated in the United States, the foundation also engages in limited international projects. Over the years, it has evolved from serving the Mott family's charitable interests to becoming a significant player in community development, notably through the establishment of community schools in Flint. The foundation manages its assets through a board of trustees, ensuring its mission is met with maximum sustainable support.
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ScholarShare
Grant in 2022
ScholarShare is a financial services organization that specializes in providing college savings solutions to families. It operates the ScholarShare 529 plan, which is a state-sponsored college savings program designed to help individuals save for future educational expenses. The plan offers tax-free growth on contributions and is known for its competitive fee structure, making it an appealing choice for those looking to invest in higher education. By promoting financial literacy and accessible savings options, ScholarShare aims to support students in achieving their educational goals and easing the financial burden of college expenses.
Michigan State University
Grant in 2022
Michigan State University, founded in 1855 and located in East Lansing, Michigan, is a comprehensive educational institution offering a wide range of undergraduate, graduate, and research programs across various fields, including business, humanities, science and technology, and public affairs. Its academic structure comprises several colleges, including the Eli Broad College of Business and the Eli Broad Graduate School of Management, among others. In addition to its educational mission, Michigan State University manages an endowment fund with $200 million in assets, employing alternative investment strategies such as buyouts, hedge funds, and venture capital. The endowment aims for a net internal rate of return of 10%, with allocations of up to 11% of total assets dedicated to alternative investments. This fund has been operational since 1988, highlighting the university's commitment to financial stewardship in support of its educational objectives.
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