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

·         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

NEW YORK

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.

Media Relations Contact: Katherine Stueber, 212.761-1349, Katherine.stueber@morganstanley.com

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