Morgan Stanley Foundation Celebrates 10-Year Partnership with Feeding America through New $1.85 Million Grant
May 20 2019 - 10:00AM
Business Wire
- Grant part of $23 million committed to
Feeding America® and the network of food banks to date
- Morgan Stanley employees will volunteer
at food banks across the country as part of Feeding Kids Around the
Clock initiative to kick off Global Volunteer Month on May 31
Morgan Stanley (NYSE: MS) today announced a new grant of $1.85
million to Feeding America, including $1 million allocated to local
food banks in 21 cities across 14 states, supporting hunger-relief
programs that deliver food assistance and healthy meals to children
and families. Employees will be participating in hundreds of
volunteer projects next month as part of Morgan Stanley’s Global
Volunteer Month, including giving their time to local Feeding
America network food banks on May 31 as part of Feeding Kids Around
the Clock, a 24-hour, global effort to fight childhood hunger.
Morgan Stanley is committed to providing children with a healthy
start to life, and access to nutritious food is a crucial part of
that mission. The Firm has supported Feeding America since 2009 and
has spent the last decade working with member food banks to help
develop, launch and sustain critical child nutrition programs
through child hunger grants while expanding access to fresh produce
through produce grants. Today’s new grants, which also includes
funding to provide training and support for Feeding America and
their member food banks, bring Morgan Stanley’s support total to
more than $23 million, benefiting 117 food banks providing over 211
million meals around the country.
“Feeding America has been a longstanding, essential partner in
our mission to ensure children have the key building blocks to a
healthy start in life, which includes regular access to nutritious
food,” said Joan Steinberg, Global Head of Philanthropy at Morgan
Stanley. “We are proud to celebrate our 10th anniversary with
Feeding America, demonstrating our deep rooted commitment to
driving real impact and fighting child hunger, both financially and
through our dedicated employee volunteers who feel strongly about
giving their time to better their communities.”
Food insecurity is a crucial problem facing millions of
Americans today. Forty million people face hunger in the United
States, including more than 12 million children. This issue becomes
even more urgent over the summer months, when children who rely on
free or reduced-price meals at school no longer have access to this
food. In fact, during these summer months, of the 22 million
children that receive free or reduced-priced food, over 18 million
will lose access to these crucial meals, potentially leading to
life long, detrimental damages. Feeding America is actively working
to solve the issue of summer hunger. In 2018, Feeding America’s
network served nearly 24 million meals through summer programs in
June-August, and grants like these help increase impact in the
fight against hunger across the nation.
“More than 12 million children in America live at risk of
hunger,” said Claire Babineaux-Fontenot, CEO of Feeding America.
“In order to solve hunger, we need strong partners that are willing
to make long-term investments in our strategies. We are grateful to
Morgan Stanley for their crucial support these last ten years.”
The following food banks are recipients of the latest Morgan
Stanley Foundation grants:
Arkansas Food Bank Little Rock AR Community
Food Bank of Eastern Oklahoma Tulsa Ok Community Foodbank of New
Jersey Hillside NJ Connecticut Food Bank Wallingford CT East Texas
Food Bank Tyler TX Feeding Northeast Florida Jacksonville FL Food
Bank For New York City New York NY Food Bank of Alaska Anchorage AK
Gleaners Community Food Bank of Southeastern Michigan Detroit MI
Greater Pittsburgh Community Food Bank Duquesne PA Harry Chapin
Food Bank of Southwest Florida Fort Myers FL Houston Food Bank
Houston TX Island Harvest Bethpage NY Long Island Cares, Inc.
Hauppauge NY Mississippi Food Network Jackson MS Montgomery Area
Food Bank Montgomery AL North Texas Food Bank Plano TX
Philabundance Philadelphia PA Second Harvest Food Bank of Lehigh
Valley and NE Pennsylvania Nazareth PA Second Harvest Food Bank of
Middle Tennessee Nashville TN Utah Food Bank Salt Lake City UT
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/20190520005461/en/
Media Relations: Katherine Stueber, 212.761.1349,
Katherine.stueber@morganstanley.com
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