The Family Center Team Wins Morgan Stanley’s Eleventh Annual U.S. Strategy Challenge
May 23 2019 - 11:09AM
Business Wire
Employees contributed over 9,600 hours to strategy development
for fourteen nonprofits
Program has benefited over 115 U.S. nonprofits since launch
Morgan Stanley (NYSE:MS) today announced that The Family Center
team has won the eleventh annual U.S. Strategy Challenge, the
Firm’s flagship pro bono program, which brings together rising
talent to help nonprofit organizations solve strategic, mission
critical challenges. Over the past ten weeks, Morgan Stanley
employees provided in-depth consulting services to nine local
nonprofits, addressing key strategic challenges such as expansion
and scaling strategy as well as critical opportunities to enhance
efficiency and effectiveness through business and program models.
This effort culminated in a final competition held at Morgan
Stanley’s New York headquarters on May 21st, during which each
Morgan Stanley team presented final strategic recommendations for
their nonprofit partner. The team for The New York Center for
Children was the runner up and the Christopher & Dana Reeve
Foundation team received third place.
The winner of the eleventh annual U.S. Strategy Challenge was
the team working with The Family Center, a charity that works to
strengthen families affected by crisis, illness or loss to create a
more secure present and future for their children. The
Brooklyn-based nonprofit challenged its Morgan Stanley team to
analyze the best way for The Family Center to integrate primary
care services at their facility to increase access to care. After
performing extensive analysis and understanding the key drivers of
success, the Morgan Stanley team created a customized financial
model and partnership toolkit for The Family Center to use going
forward when assessing their opportunities to deliver primary care
services in the future.
“Working with the Morgan Stanley team has been a wonderful
experience—the insight, information and tools they gave us will be
instrumental as we continue to work to provide expert services for
our families,” said Ivy Gamble Cobb, Founder and Executive Director
of The Family Center. “The financial analysis tool and the partner
assessment tool are like my bible now and, with these tools, we’ll
be able to better measure impact on the organization and make
decisions rooted in good data.”
The Morgan Stanley U.S. Strategy Challenge pairs our talented
employee base with nonprofit organizations that are in need of
strategic advice on a mission-critical issue. In line with the
Firm’s expertise in delivering innovative solutions for clients,
coupled with the culture of giving back, the program provides
nonprofits with significant assistance in bringing meaningful
impact and long-term change to their communities.
“I would like to congratulate each of the nine teams that
participated in this year’s U.S. Strategy Challenge,” said Joan
Steinberg, Morgan Stanley’s Global Head of Philanthropy. “All of
the proposals put forward were extremely intelligent and
impressive, which is a true testament to the success of this pro
bono initiative that uniquely leverages the talents and passions of
Morgan Stanley’s current and future leaders, giving back to the
community in tangible and impactful ways.”
The nine nonprofit organizations who took part in this year’s
U.S. Morgan Stanley Strategy Challenge include:
- Advancement for Rural Kids (ARK) –
ARK partners with rural communities in the developing world to
secure food, kids’ schooling and income for life, starting with its
award winning 5-cent school lunch.
- Asian Americans for Equality
(AAFE) – Asian Americans for Equality is dedicated to
improving the lives of immigrant and low-income New Yorkers by
strengthening and empowering communities.
- Christopher & Dana Reeve
Foundation – The Reeve Foundation is dedicated to curing
spinal cord injury by funding innovative research and improving the
quality of life for people living with paralysis through grants,
information and advocacy.
- The Family Center – The Family
Center works to strengthen families affected by crisis, illness or
loss to create a more secure present and future for their
children.
- Girls on the Run NJ East – Girls
on the Run inspires girls to be joyful, healthy and confident using
a fun, experience-based curriculum which creatively integrates
running.
- Greyston Foundation – Greyston
Foundation’s mission is to create thriving communities through the
practice and promotion of Open Hiring™.
- The New York Center for Children –
The New York Center for Children (NYCC) is the only independent
center in New York City to provide free, comprehensive evaluation
and therapy services to child victims of physical and sexual abuse
and their families, for as long as their healing requires.
- New York City Audubon – New York
City Audubon, an independent nonprofit organization affiliated with
National Audubon Society as an urban chapter, works for the
protection of wild birds and habitat in the five boroughs,
improving the lives of New Yorkers.
- Prep for Prep – Prep for Prep
develops ethical and effective leaders who reflect our diverse
society for the enduring benefit of all.
The annual Strategy Challenge is also held in the UK where
earlier this month, Morgan Stanley concluded the sixth annual UK
Strategy Challenge, benefiting five London-based nonprofits. Cancer
Research UK won the competition, which took place at Morgan
Stanley’s Canary Wharf offices in London. Since its launch in 2009,
the U.S. and UK programs have cumulatively delivered more than
108,000 hours of service to 142 nonprofit organizations.
For more on the Morgan Stanley Strategy Challenge, click
here.
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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Media Relations:Katherine Stueber,
212.761.1349Katherine.stueber@morganstanley.com
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