Morgan Stanley Donates Additional $2.5 Million to Hunger Relief Organizations Worldwide Through Move for Meals Campaign
October 26 2020 - 1:41PM
Business Wire
Employees Walked 250 Million Steps to Raise
Awareness of Hunger Globally
Morgan Stanley today announced a donation of $2.5 million to
hunger relief organizations worldwide, equaling 25 million meals,
as a result of its latest employee campaign: Move for Meals. From
October 16-18, nearly 10,500 employees in more than 440 cities
around the world participated in the Move for Meals Campaign,
walking 250 million steps to raise awareness about global hunger in
recognition of World Food Day.
The Morgan Stanley Move for Meals Campaign builds on the Firm’s
previously announced COVID-19 Hunger Relief Campaign, which took
place at the start of the pandemic and raised over $2 million
globally in employee donations alone. Since then, the needs of our
communities have unfortunately worsened, with one in four people
malnourished globally and, in the U.S. alone, one in six people
possibly facing hunger in 2020 as a result of the pandemic.
“The high level of employee engagement, combined with the Firm’s
monetary commitment, is a true testament to our employees’
dedication to giving back and fighting hunger,” said Joan
Steinberg, Global Head of Philanthropy at Morgan Stanley. “Food
insecurity has always been a crucial issue that millions are faced
with, but now with the issue exacerbated by the pandemic, it is
important that we leverage our global reach to support over 20
partner organizations worldwide that are on the front lines of
addressing hunger disparities during the current health
crisis.”
Since the start of the pandemic, food banks across the U.S. and
around the world have seen both their food supplies drop and their
demand increase. Feeding America, a long-time charitable partner of
Morgan Stanley that fights hunger by supporting 200 network member
food banks across in the U.S., reports their need has nearly
doubled since the pandemic hit the U.S. ‒ according to their
predictions, nearly 54 million Americans could need food assistance
this year ‒ while food donations have fallen by 55 percent.
Through the Move for Meals and COVID-19 Hunger Relief Campaigns,
Morgan Stanley has supported critical feeding partners in all of
our major locations globally. In total, this brings the Firm’s
commitment to support COVID-19 relief efforts to $80 million,
including prior grants to food assistance partners, such as Feeding
America and Akshaya Patra.
To learn more about Morgan Stanley’s giving back efforts, please
see here.
Morgan Stanley (NYSE: MS) 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,
Katherine.stueber@morganstanley.com
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