Morgan Stanley Expands Partnership with KaBOOM! Through a New Grant, Creating Additional Innovative Play Spaces for Children ...
April 30 2019 - 10:40AM
Business Wire
Partnership with Over 800 Employee Volunteers Continues to
Provide Thousands of Children with Safe Play Spaces, Strengthening
Their Healthy Start to Life
Morgan Stanley (NYSE: MS) today announced a new grant to
KaBOOM!, a national non-profit dedicated to ensuring that all kids
get a childhood filled with the balanced and active play needed to
thrive. The two-year Morgan Stanley Foundation grant is a
continuation of Morgan Stanley’s long-standing partnership with
KaBOOM!, which has already led to the creation of 20 playgrounds,
serving more than 9,500 kids around the country.
With this new grant, Morgan Stanley volunteers and KaBOOM!
partners will work together to create 21 new play spaces for
children, more than doubling the existing play spaces already
created in efforts with Morgan Stanley employees. Five of these
play spaces will be physical playgrounds built in cities across the
United States. The remaining 16 will be creative play grants for
Imagination Playgrounds and Rigamajig units, which allow for
year-round activity in areas with limited space or inclement
weather. These new play spaces will involve the collective effort
of over 850 Morgan Stanley employee volunteers and will benefit an
estimated 36,500 children living in underserved communities.
“Play is crucial to a child’s emotional, physical, and
intellectual development, and we are proud to build upon our
already successful partnership with KaBOOM!, expanding access to
free, public play spaces for children everywhere,” said Joan
Steinberg, Global Head of Philanthropy at Morgan Stanley. “For more
than 50 years, the Morgan Stanley Foundation has supported healthy
starts and solid educations for the children in our communities,
and it’s inspiring to see our nonprofit partners and employee
volunteers collaborate to have a tangible impact on children’s
health and well-being.”
“Play is critical for kids to grow up happy, healthy and
resilient, yet far too many kids are missing out on a chance to
play,” said Lysa Ratliff, Vice President of Partnership
Development, KaBOOM!. “Through our longtime partnership with Morgan
Stanley, spaces are created so that more kids have the opportunity
to get the play they need to thrive in life. We are grateful for
their commitment to all kids getting the childhood they deserve
through play.”
Where space is limited, creative play products allow for play to
take place in the classroom, gymnasium, recreation centers, and
beyond. Imagination Playground and Rigamajig encourage free play,
creativity, communication and collaboration.
Imagination Playground is an innovative play system that
encourages creativity, communication and collaboration in play.
With a collection of custom-designed, oversized blue foam shapes,
Imagination Playground provides a changing array of elements that
allow kids to create a playspace that is constantly built and
re-built by their imagination.
Rigamajig is a large-scale building kit filled with wooden
plants, wheels, pulleys, nuts, bolts and rope that enhances STE(A)M
learning and allows children to actively play and create. Rigamajig
allows children to develop language, communication and problem
solving skills that are key to cognitive development.
Morgan Stanley is a leading global financial services firm
providing investment banking, securities, wealth management and
investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190430005747/en/
Media Relations:Katherine Stueber,
212-761-1349Katherine.stueber@morganstanley.com
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