March 12, 2012
Contact: Carol D. Rugg,
C.S. Mott Foundation’s Investment Office promotes Jay C. Flaherty
FLINT, Mich. — The Charles Stewart Mott Foundation today announced the promotion of Jay C. Flaherty to the position of Assistant Vice President — Investments and Investment Manager.
|Jay C. Flaherty
Flaherty, who joined the Foundation in 2007 as an investment manager, will continue to focus on hedge funds and private equity investments in his new role, according to Michael J. Smith, Vice President — Investments and Chief Investment Officer.
"Jay has made important contributions to the Investment Office and to the diversification of the Foundation’s investment portfolio,” said Smith. “His knowledge of financial markets helps advance the work that the Mott Foundation supports in Michigan as well as nationally and internationally and is deeply valued by those of us who work with him.”
Before taking a position with the Foundation’s investment office, located in Troy, Michigan, Flaherty worked for eight years in similar capacities at Ennis, Knupp & Associates (now Hewitt Ennis Knupp) and Richards & Tierney, investment advisory firms in Chicago. He also held positions as financial analyst and reliability statistician for agricultural and supercomputer firms in Wisconsin and Illinois.
A resident of Bloomfield Township, Flaherty earned a bachelor’s degree from Saint Mary’s University of Minnesota in Winona. He earned a master’s degree in mathematics from Northwestern University in Evanston, Illinois and a master’s of business administration in finance and accounting from the University of Chicago’s Graduate School of Business.
Established by automotive pioneer Charles Stewart Mott, the Foundation is a private philanthropy that supports nonprofit programs throughout the United States and, on a limited geographic basis, internationally. Grantmaking is focused in four programs: Civil Society, Environment, Flint Area and Pathways to Opportunity. In addition to Flint, offices are located in metropolitan Detroit, Johannesburg and London. With year-end assets of approximately $2.5 billion in 2013, the Foundation made 400 grants totaling more than $101 million. For more information, visit www.mott.org.
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