Morgan Stanley (NYSE: MS) announced today a $100,000 donation to Doctors Without Borders/Médecins Sans Frontières (MSF) to support its emergency response to the armed conflict and drought affecting the population of Somalia. The combination of violence and lack of food and water has led to life-threatening conditions for millions of people in Somalia and neighboring countries in eastern Africa.
The donation comes from the Morgan Stanley Foundation, which operates Morgan Stanley’s Global Alliance for Children’s Health. More than half a million children are at risk of dying from malnutrition without medical intervention, according to the United Nations. MSF estimates that the Morgan Stanley donation can help more than 1,200 malnourished children regain their health.
“The disastrous confluence of war and drought in Somalia disproportionately affects and imperils children,” said Joan Steinberg, President of the Morgan Stanley Foundation. “It is our hope that with this donation, Doctors Without Borders will be able to respond to this catastrophe as quickly and effectively as possible. We also thank our employees worldwide for their personal donations to help end this crisis.”
Added Dr. Matthew Spitzer, President of MSF-USA’s Board of Directors, “These funds will provide critical support to our medical teams on the ground as they expand their work to treat children for malnutrition, measles and cholera in Somalia.”
MSF has been active in Somalia since 1991. Over 1,400 Somali staff, supported by approximately 100 international staff, provide free health care, surgery and malnutrition treatment in eight regions of the country. MSF teams are treating more than 34,000 malnourished Somali children inside the country and in refugee camps in Ethiopia and Kenya. Medical teams provide healthcare to more than 250,000 refugees in camps outside Somalia.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
Doctors Without Borders/Médecins Sans Frontières (MSF) is an international independent medical humanitarian organization that delivers emergency aid to people whose survival is threatened by violence, negligence, or catastrophe, primarily due to armed conflict, epidemics, malnutrition, natural disasters, and exclusion from health care in more than 60 countries.
Media Relations Contact: Sandra Hernandez, 212.761.2446