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.
