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January 16, 2008
Contact: Marilyn S. LeFeber, Vice President-Communications,
810.238.5651,
mlefeber@mott.org
Mott Foundation adds member to its Investment Committee
FLINT, Michigan – Elizabeth T. Frank of Sharon, Connecticut, who has almost four decades of experience in investment management and finance, has been appointed to the Investment Committee of the Charles Stewart Mott Foundation.
“We are pleased to add someone with Ms. Frank’s depth of experience to help guide and advise our investment operations,” Mott President William S. White said.
Frank currently serves on the investment committees of the American Bible Society in New York City and the Masters School in Dobbs Ferry, New York. She is also a trustee for the YMCA Retirement Fund in New York City and for the Charlotte W. Newcombe Foundation in Princeton, New Jersey.
Frank’s most recent investment position was as senior vice president at Lazard Freres Asset Management in New York City. Prior to that, she was employed at five financial firms, all in New York City. In the corporate world, she has worked with a number of cutting-edge firms in various fields, including investing, software, publishing and medical services.
Frank holds a bachelor’s degree in political science and history from Vassar College.
The remainder of the Investment Committee consists of five members of the Foundation’s Board of Trustees: A. Marshall Acuff, Jr., Webb F. Martin, Maryanne Mott, William H. Piper and White (chairman).
The Mott Foundation, established in 1926 by an automotive pioneer, is a private philanthropy committed to supporting projects that promote a just, equitable and sustainable society. It supports nonprofit programs throughout the U.S. and, on a limited geographic basis, internationally. Grantmaking is focused in four programs: Civil Society, Environment, Flint Area and Pathways Out of Poverty. Besides Flint, offices are located in metropolitan Detroit, Johannesburg (South Africa) and London. The Foundation, with 2012 year-end assets of $2.28 billion, made 439 grants totaling $91 million. For more information, visit www.mott.org.
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