Word: flints
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...report put out by the Securities and Exchange Commission last week that broke the news. Mott has made a gift of 1,826,421 shares of General Motors common stock -worth more than $128 million-to the nonprofit Charles Stewart Mott Foundation, benefactor of the people and institutions of Flint...
Axles & Applewood. When Mott arrived in Flint in 1906, the city already was a boomlet auto town. Mott, who had been trained as a mechanical engineer, was president of the Weston-Mott Co., manufacturers of wheels and axles. General Motors bought him out, made him a director and, in the process, the largest single stockholder in the corporation. Mott still owns outright, or controls in trust, another 800,000 or so G.M. shares, controls several banks, ten municipal water companies, four department stores and a sugar company...
...pocket for direct aid as well. In 1929, after some bank employees embezzled $3,600,000, Mott shelled out enough money to save the bank; it cost him more than $1,000,000 in co!d cash. In later years he donated millions of dollars for library buildings, the Flint Junior College, a swimming pool and a school for handicapped children...
Thanks to Mott's foundation, every one of Flint's 47 public schools stays open after regular hours and becomes a community center. In the afternoons, 375 neighborhood baseball teams take over the school grounds. In the evening, 80,000 grownups pour into the schools to busy themselves in 1,200 adult-education courses...
More than anything else, Mott's philanthropy is aimed at one aspect of Flint life. "Educators these days are concentrating on geniuses," he says. "We don't neglect them, but we're more interested in hoi polloi." His new $128 million gift to the foundation has not been earmarked for any specific purposes. Explains Mott: "My push is largely in the direction of people who have less opportunity, so we're promoting education for people who haven't had the opportunity to learn...