Financial Snapshot

2023-24 External Grantmaking
$10,530,130 / 94 Grants

Youth: $1,934,000
Public Safety: $1,537,400
Economic Opportunity: $1,434,730
Neighborhoods: $2,249,600
Foundation Initiated Grants: $800,000
Special Initiatives: $2,574,400

Youth
$1,934,400 / 36 Grants

Development Programs Outside School Hours: $1,821,000
Job Training / Employment: $113,000

Public Safety
$1,537,400 / 7 Grants

Blight Elimination: $820,000
Resident Engagement: $717,400

Economic Opportunity
$1,434,730 / 17 Grants

Job Training: $779,400
Supports for Returning Citizens: $298,100
Small Business Supports: $80,000
Other: $277,230

Neighborhoods
$2,249,600 / 19 Grants

Neighborhoods Hubs: $1,205,000
Engagement Supports: $794,600
Housing: $250,000

Other
$3,374,400 / 15 Grants

Foundation Initiated Grants: $800,000
Special Initiatives: $2,574,400

A searchable list of our north Flint grantmaking can be found at https://www.ruthmottfoundation.org/grants/.

Direct Charitable Activities

Since 2001, the Foundation has paid out more than $183 million, of which $138 million was paid in grants to external organizations to help strengthen neighborhoods and create opportunities for residents to thrive in Flint. The balance, roughly $45 million, has been paid for a foundation-administered program, Applewood. As a foundation-administered program, Applewood is open to the public free of charge and is a Michigan Historic Landmark listed on the National Register of Historic Sites. The estate’s beautiful surroundings weave together the Mott family’s past and present dedication to serving the needs of the community. In that tradition, the Foundation offers its resident expertise in grantmaking, horticulture, history, and other areas to benefit the community; provides public garden and house tours; conducts workshops, trainings, field trips, learning programs, and convenings; and hosts public events.

Applewood was open to visitors for the season from May to October in 2023 and 2024. Applewood offered a variety of engaging experiences, including house and garden tours, field trips, public programs, and self-guided exploration of the grounds and educational exhibits. In 2024, construction began on a new pavilion with flexible space and restrooms to provide visitor amenities in the lower gardens area. The costs associated with programming and maintenance of the historical home and grounds are reported as direct charitable activities.

2024 Applewood Expenditures $2,718,958

Education: $543,989
Estate: $543,582
Horticulture: $1,123,383
Collections: $508,000

2023 Applewood Expenditures $2,628,808

Education: $563,292
Estate: $424,727
Horticulture: $1,039,364
Collections: $601,425

Audited Financial Data

Balance Sheet

for the years ended December 31, 2024 and December 31, 2023

2024 2023
Assets
    Cash and cash equivalents $ 3,058,389 $ 9,537,498
    Program-related investments 2,299,398 1,267,502
    Notes and accounts receivable 273,847 438,929
    Investment stocks 42,016,217 44,275,156
    Investments in mutual funds 106,770,255 87,321,245
    Investments in partnerships, hedge funds and pooled stock funds 108,328,646 106,498,445
    Right-of-use asset 527,933 651,907
    Other assets 628,418 545,674
    Fixed assets – Net of accumulated depreciation 7,766,275 6,100,644
Total Assets $ 271,669,378 $ 256,637,000
Liabilities and Net Assets
Liabilities
    Approved grants pending future payment $ 909,500 $ 1,600,000
    Lease liability 545,095 661,006
    Accrued liabilities 418,553 152,047
    Deferred federal excise tax and taxes payable 1,327,517 1,070,195
Total Liabilities $ 3,200,665 $ 3,483,248
Net Assets – Without donor restrictions 268,468,713 253,154,752
Total Liabilities and Net Assets $ 271,669,378 $ 256,638,000

Statement of Activities and Changes in Assets

for the years ended December 31, 2024 and December 31, 2023

2024 2023
Changes in Net Assets without Donor Restrictions
(Loss) Income
    Net investment return $ 24,573,156 $ 31,475,280
    Loss on disposal of fixed assets (6,125)
    Book and other revenue 6,534 869
Total Income $ 24,579,690 $ 31,470,024
Expenses
    Grants and related expenses 4,861,265 8,127,757
    Foundation-administered programs 2,718,958 2,628,808
    Administration 1,685,506 1,520,575
Total Expenses $ 9,265,729 $ 12,277,140
Increase in Net Assets without Donor Restrictions $ 15,313,961 $ 19,192,884
Net Assets – Beginning of year 253,154,752 233,961,868
Net Assets – End of year $ 268,468,713 $ 253,154,752

The Ruth Mott Foundation’s most recent Form 990 can be found on Candid.