Word: mottes
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...Much of Mott's good work goes unheralded. His latest took place a month ago, and it was only a routine 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...
From the outset, Mott turned his energies toward the betterment of the community. He served three terms as mayor, got a water-filtration plant and a storm sewer going. From his 18-room Tudor mansion, "Applewood," he began putting money into the Y.M.C.A. and the Boy Scouts, invested in new housing for the growing number of auto workers and their families, bought a farm for the use of underprivileged children, donated land for a park and buildings for hospitals and colleges...
Member of the Family. In 1926, he established the Charles Stewart Mott Foundation to put his money to work in an organized way during his own lifetime. Too many "well-intended ideas and plans go astray after a man's death," he said. The foundation has supported everything in town, from the U.S.O. to churches and crippled children. But many times Mott dug into his own 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...
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...