The Charles Stewart Mott Foundation today announced the promotion of Jay C. Flaherty to the position of Assistant Vice President – Investments and Investment Manager.
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.
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 2011 year-end assets of approximately $2.13 billion, made 456 grants totaling $89.3 million. For more information, visit www.mott.org.
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