Morgan Stanley Establishes Alliance for Children’s Mental Health
February 03 2020 - 8:00AM
Business Wire
- Alliance will help drive capital towards scaling effective,
evidence-based strategies, impacting the mental health of
youth
Morgan Stanley (NYSE:MS) today announced the establishment of
the Morgan Stanley Alliance for Children’s Mental Health (the
“Alliance”). The Alliance, which brings together key leaders in the
children’s mental health space, will combine the resources and
reach of Morgan Stanley and its Foundation with the knowledge and
experience of its distinguished nonprofit partner organizations.
The Alliance will help address strategically children’s mental
health concerns and the far-reaching challenges of stress, anxiety,
and depression.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200203005186/en/
The Alliance will seek to drive impact for young people -
especially in marginalized populations - by assisting youth through
formative transitions, and helping parents recognize mental health
disorders and support their children. Developing innovative
approaches and scaling best practices, the Alliance will work to
generate a systemic tipping point in how children’s mental health
is addressed.
The Alliance will deliver catalytic philanthropy in four ways to
help make a lasting impact on children’s mental health:
- Growth Capital – funding strategic nonprofit partner
organizations to bring to scale proven methods of helping improve
children’s mental health outcomes.
- Capacity Building – helping ensure that effective organizations
can sustain their practices.
- Seed Funding – bringing emerging and innovative ideas to
fruition.
- Thought Leadership – using its voice and our deep global
connections to raise awareness, drive advanced thinking and reduce
stigma.
“As a Firm deeply rooted in its communities around the world,
Morgan Stanley recognizes and seeks to help improve the issues that
are negatively impacting people globally, and mental health is
certainly at the forefront,” said James Gorman, Chairman and Chief
Executive Officer of Morgan Stanley. “Mental health doesn’t
discriminate, reaching people from all backgrounds, and we believe
that with the Morgan Stanley Alliance for Children’s Mental Health
we can help make a tangible impact and create a path forward.”
For over 50 years, the Morgan Stanley Foundation has worked to
help improve children’s quality of life, and mental health is a
natural expansion of its important work to generate positive
impact. Mental health conditions affect millions of children, and
the trends are worsening: one in five children in the United States
– more than 17 million – have a diagnosable mental health disorder
by age 18.i Yet only a fraction are treated due to a deficiency in
available resources and an overall lack of awareness. Furthermore,
mental health conditions disproportionately affect marginalized
populations due to practical and systemic barriers, as well as the
stigma associated with mental health. The Alliance is a strategic
extension of the Morgan Stanley Foundation’s enduring commitment to
supporting both the physical and mental health of children so they
can have the resources and support necessary for a healthy
life.
“At Morgan Stanley, we are committed to leveraging our global
reach and ongoing dedication to our communities to help address the
challenge of children’s mental health. This global commitment is an
important step towards a world where no child goes without care,”
said Tom Nides, Vice Chairman of Morgan Stanley.
“As mental health challenges amongst children and adolescents
are rapidly becoming more pervasive and more urgent, we firmly
believe there is not only an opportunity, but an obligation for the
private sector to play a critical role in improving children’s
mental health,” said Joan Steinberg, President, Morgan Stanley
Foundation. “With a longstanding commitment to children’s
wellbeing, we believe that the Alliance will generate conceivable
and workable solutions to help improve mental health. Through
education, prevention, awareness, and innovation, the Morgan
Stanley Foundation is proud to make a difference in children’s
mental health.”
The founding nonprofit partner organizations of the Morgan
Stanley Alliance for Children’s Mental Health include:
- U.S. Nonprofit Partner Organizations:
- Child Mind Institute
- The Jed Foundation
- NewYork-Presbyterian Morgan Stanley Children's Hospital
- The Steve Fund
- International Nonprofit Partner Organizations:
- Mind HK, Hong Kong
- Place2Be, London
- SAMH (Scottish Association for Mental Health), Glasgow
In addition to our founding nonprofit partner organizations, the
Alliance has established an advisory board that brings together
leaders in the children’s mental health field to provide counsel on
the strategic efforts of the Alliance in order to generate
meaningful contribution and impact. The members of the advisory
board include:
- Joan Steinberg (Chairman), President, Morgan Stanley
Foundation
- Harold S. Koplewicz, MD, President, The Child Mind
Institute
- John MacPhee, MBA, MPH, Executive Director/CEO, The JED
Foundation
- Annelle Primm, MD, Senior Medical Director, The Steve Fund
- David Stark, MD, Chief Medical Officer, Head of HR Data &
Analytics, Morgan Stanley
- Jeremy Veenstra-VanderWeele, MD, Director of Child &
Adolescent Psychiatry at NewYork-Presbyterian Morgan Stanley
Children’s Hospital and Columbia University Irving Medical
Center
Through its founding nonprofit partner organizations and future
initiatives, the Alliance will further Morgan Stanley’s commitment
to giving children the healthy start in life they need to
succeed.
To learn more about the Alliance, please see
morganstanley.com/mentalhealthalliance
About Morgan Stanley
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.
© 2020 Morgan Stanley & Co. LLC and Morgan Stanley
Smith Barney LLC. Members SIPC.
i Kimball, H. & Miller, C. (2015). Children’s Mental Health
Report. New York: Child Mind Institute.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200203005186/en/
Media Relations:
Morgan Stanley
Gaston Terrones-Dimant
Gaston.Terrones.Dimant@morganstanley.com
Katherine Stueber Katherine.stueber@morganstanley.com
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From Apr 2023 to Apr 2024