Morgan Stanley Foundation Announces $8 Million Grant to Feeding America to Address Child Hunger
04 Juin 2024 - 8:00PM
Business Wire
- $8 million will support establishment or expansion of child and
family feeding programs over four years
- New grant brings total Morgan Stanley commitment to Feeding
America to over $50 million since 2009
- Announcement made during Firm’s annual Global Volunteer
Month
Morgan Stanley (NYSE: MS) today announced a grant of $8 million
over four years to Feeding America® in support of programs that
help address child hunger and improve equitable access to food
among children and underserved populations. Since 2009, Morgan
Stanley’s funding for Feeding America has totaled more than $50
million, helping to deliver more than 356 million meals1 to
children and families. Additionally, Morgan Stanley employees have
volunteered more than 130,000 hours for Feeding America food banks
across the U.S.
“The Morgan Stanley Foundation has supported the Feeding America
network of food banks for 15 years and counting as part of our core
value of giving back and our longstanding commitment to children’s
health,” said Joan Steinberg, Morgan Stanley’s Global Head of
Philanthropy and President of the Morgan Stanley Foundation. “We
are proud to build upon this partnership and continue to fund
innovative solutions that reach communities across the country at
risk of food insecurity.”
Morgan Stanley’s latest grant to Feeding America will support
the following initiatives:
- Child and Family Hunger Grants: These grants will be
used to expand child hunger programs, helping children and their
families access food and resources where they are and when they
need it most. This includes: mobile and school food pantry
programs; BackPack, which discreetly offers families free groceries
for weekends and school breaks; after-school, weekend and summer
meal programs; and Supplemental Nutrition Assistance Program (SNAP)
application assistance programs.
- Equitable Access Operational Response Plans (ORPs):
These programs are a new way to improve equitable access to food
among underserved populations. Selected food banks will develop and
implement customized ORPs that target the people and communities
most affected by food insecurity in their area. Programs address
reported barriers, such as lack of awareness of food assistance
options, social stigma, lack of transportation, discrimination, and
dietary or cultural preferences.
“All communities and each person within them deserve the food
they need and desire to thrive. Morgan Stanley’s grants provide
funding for programs that champion dignified and reliable access to
nutritious food for people facing hunger while working to address
barriers to support,” said Claire Babineaux-Fontenot, CEO of
Feeding America. “We are deeply grateful for Morgan Stanley’s
long-term support for grassroots programs as well as the hours
their employees have volunteered. Both advance our shared vision of
a food-secure America.”
The new grant is being announced as Morgan Stanley kicks off its
annual Global Volunteer Month, when employees across the world
participate in thousands of volunteer projects to generate impact
where they live and work. To launch this year’s volunteer program,
300 employees will be gathering today in Times Square to pack meals
for Food Bank For New York City.
To learn more about Morgan Stanley’s giving back efforts, please
see here.
About Morgan Stanley Morgan Stanley (NYSE: MS) is a
leading global financial services firm providing a wide range of
investment banking, securities, wealth management and investment
management services. With offices in 42 countries, the Firm’s
employees serve clients worldwide including corporations,
governments, institutions and individuals. For further information
about Morgan Stanley, please visit www.morganstanley.com.
_____________________________________ 1 Currently, $1 helps
provide at least 10 meals secured by Feeding America® on behalf of
local partner food banks.
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Media Relations Contact: Carrie Hall
Carrie.Hall@morganstanley.com
Morgan Stanley (NYSE:MS)
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