CORRECTING and REPLACING Morgan Stanley Announces $10 Million Cash Commitment to Support Coronavirus Relief Efforts
March 19 2020 - 11:47AM
Business Wire
Firm’s efforts to focus on supporting
longstanding commitment to children’s wellbeing and capacity
building for first responder organizations
Headline of release should read: Morgan Stanley Announces $10
Million Cash Commitment to Support Coronavirus Relief Efforts
(instead of Morgan Stanley Launches Eagles for Impact Challenge at
THE PLAYERS 2017).
The corrected release reads:
MORGAN STANLEY ANNOUNCES $10 MILLION CASH
COMMITMENT TO SUPPORT CORONAVIRUS RELIEF EFFORTS
Firm’s efforts to focus on supporting
longstanding commitment to children’s wellbeing and capacity
building for first responder organizations
Morgan Stanley (NYSE:MS) today announced a $10 million cash
commitment in aid to support Coronavirus relief efforts. Funding
will support critical frontline medical responders globally as well
as community providers serving those economically impacted by the
crisis. The first three grants of $2 million each were announced
for Feeding America, the CDC Foundation, and the World Health
Organization’s COVID-19 Solidarity Health Fund.
“During this unprecedented health crisis, Morgan Stanley is
committed to doing everything possible to support the most
vulnerable in our communities,” said Joan Steinberg, Global Head of
Philanthropy at Morgan Stanley. “We are proud to support these
organizations that are on the front lines fighting the spread of
the Coronavirus, and the communities and children who are impacted
by the disruption to daily life that has resulted from efforts to
control the spread of the disease.”
The grant to Feeding America, a long-time partner of the Morgan
Stanley Foundation, will help food banks secure the food and other
resources they need to continue operations and serve the most
vulnerable members of the community during this difficult time.
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. Employees have also volunteered in
thousands of projects at local Feeding America network food banks
across the country to fight childhood hunger.
The donation to the CDC Foundation will be used to meet emerging
needs, including additional support for state and local health
departments, the global response, logistics, communications, data
management, personal protective equipment and critical response
supplies, among other necessities.
The donation to the COVID-19 Solidarity Response Fund for the
World Health Organization will help the WHO track and understand
the spread of the virus and help frontline workers with essential
supplies and information.
Previously, in February, the Firm provided grants of $500,000
and an additional $500,000 in employee matching to charities
supporting the initial outbreak in Wuhan, China.
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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version on businesswire.com: https://www.businesswire.com/news/home/20200319005482/en/
Media Relations: Gaston Terrones Dimant
Gaston.Terrones.Dimant@morganstanley.com
Katherine Stueber Katherine.stueber@morganstanley.com
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