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Morgan Stanley Foundation Celebrates 10-Year Partnership with Feeding America through New $1.85 Million Grant

NEW YORK--(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 ( 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 10 th 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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