Flint, Michigan — Nancy Orr will join the Charles Stewart Mott Foundation on Nov. 1 as its next vice president for investments and chief investment officer. Orr will succeed Jay Flaherty, who joined Mott in 2007 and will remain at the Foundation until he retires in January 2024 to aid in a smooth transition.
Orr has over 20 years of institutional investment experience, spanning both taxable and tax-exempt capital. She most recently served as CIO of Fiduciary Counselling Inc. in St. Paul, Minnesota, where she led the investment program for an $11 billion registered investment advisor serving a single, multigenerational family.
Prior to that, Orr worked at the Mayo Clinic in Rochester, Minnesota, rising from senior business development analyst working with Mayo Financial Services to senior investment officer with Treasury Services. In that post, she managed both a $1.8 billion multi-strategy hedge fund portfolio and a $1.4 billion real asset portfolio.
“We’re excited that Nancy Orr has agreed to lead our investment team,” said Ridgway White, Mott Foundation president and CEO. “She combines experience as a CIO and a passion for investing with equal enthusiasm about advancing the Foundation’s mission of promoting a just, equitable and sustainable society. I’m confident Nancy is the right person to help position the Foundation as we prepare to enter our second century of grantmaking.”
Orr will continue to build and enhance an innovative and high-performing investment portfolio under guiding principles established by the Foundation’s investment committee. She was hired through a national search conducted by David Barrett Partners.
“I am truly honored to be selected to serve the Mott Foundation as its chief investment officer,” said Orr. “I believe in the Foundation’s mission and the impact it achieves for the communities it serves globally. I look forward to contributing my expertise alongside the talented team here to maximize returns that will help further the Foundation’s charitable goals.”
Orr graduated summa cum laude with a bachelor’s degree in philosophy from Duke University. She earned an MBA from the Kellogg School of Management at Northwestern University, with dual majors in finance and marketing. She currently serves on the board of trustees of the Hazelden Betty Ford Foundation, the board of directors of India Capital LLC and the investment advisory council of the Minnesota State Board of Investment.
About the Charles Stewart Mott Foundation
Automotive pioneer Charles Stewart Mott established the private, charitable foundation that bears his name in 1926 in Flint, Michigan. The Mott Foundation supports and works with organizations in our hometown of Flint and communities around the world to promote a just, equitable and sustainable society. We make grants through four programs: Civil Society, Education, Environment and Flint Area. In addition to Flint, we have offices in metropolitan Detroit, Johannesburg and London. In 2022, the Foundation made 385 grants totaling more than $187 million and had year-end assets of nearly $3.7 billion. For more information, visit mott.org.