Morgan Stanley Announces $2 Million Grant to Feeding America ®
June 17 2021 - 11:00AM
Business Wire
New $2.12 Million Grant Expands Morgan Stanley’s Support to
Feeding America During COVID-19 and Builds Upon Efforts to Help
Improve Access to Food for Children and Families in Need Across the
United States
Morgan Stanley Foundation today announced a donation of $2.12
million to Feeding America®, including a $1.94 million grant to 28
member food banks across the United States to provide families with
children the ability to choose from available foods or food boxes
at pantries or program sites. The funds will provide a unique
opportunity for local food banks to incorporate elements of choice
to food distributions, while still maintaining safety protocols due
to the coronavirus pandemic. The choice model provides more healthy
options and ensures families have access to foods aligned with
their preferences and dietary requirements.
Feeding America projects that approximately 42 million people,
including 13 million children, could face hunger this year in the
U.S. due to COVID-19. During the first twelve months of the
pandemic, Feeding America member food banks saw an estimated 55
percent increase in the number of people seeking food assistance.
In the early days of the pandemic, roughly 4 in 10 people visiting
food banks were seeking help for the first time.
"For 60 years, the Morgan Stanley Foundation has been dedicated
to ensuring children received the healthy start to life they
deserve – and ensuring they have access to healthy and nutritious
food is a crucial part of that commitment,” said Joan Steinberg,
Global Head of Philanthropy at Morgan Stanley. “Given the
challenges that we’ve seen exacerbated by the pandemic over the
past year, we are pleased to build upon our decade long partnership
with Feeding America to help fight hunger through this impactful
choice model in the communities where we live and work.”
Morgan Stanley has a long-standing commitment to helping
communities facing hunger and has donated more than $38 million to
the Feeding America network of food banks in the last decade. This
is the second grant in a four-year commitment to optimize
flexibility for food banks through different choice models and
ultimately provide healthier meals to more children and families
for greater outcomes.
The following Feeding America member food banks are recipients
of the latest Morgan Stanley Foundation grants:
Akron-Canton Regional Foodbank
Akron, OH
Capital Area Food Bank
Washington, DC
Care and Share Food Bank
Colorado Springs, CO
Central California Food Bank
Fresno, CA
Community Foodbank of New Jersey
Hillside, NJ
East Texas Food Bank
Tyler, TX
Feeding Tampa Bay
Tampa, FL
FeedMore Western New York, Inc.
Buffalo, NY
Food Bank For New York City
New York, NY
Food Bank of Delaware
Newark, DE
Food Bank of the Rio Grande Valley,
Inc.
Pharr, TX
Food Finders Food Bank Inc.
Lafayette, IN
Foodlink, Inc.
Rochester, NY
Freestore Foodbank
Cincinnati, OH
Good Shepherd Food Bank
Auburn, ME
Greater Cleveland Food Bank, Inc.
Cleveland, OH
Inter-Faith Food Shuttle
Raleigh, NC
Lowcountry Food Bank
Charleston, SC
Redwood Empire Food Bank
Santa Rosa, CA
Second Harvest Food Bank of Central
Florida
Orlando, FL
Second Harvest Food Bank of East Central
Indiana, Inc.
Muncie, IN
Second Harvest Food Bank of Greater New
Orleans and Acadiana
New Orleans, LA
Second Harvest Food Bank of Northeast
Tennessee
Kingsport, TN
Second Harvest Foodbank of Clark,
Champaign, & Logan Counties
Springfield, OH
Second Harvest of the Big Bend, Inc.
Tallahassee, FL
South Coast Food Share
Coos Bay, OR
Southeast Texas Food Bank
Beaumont, TX
St. Louis Area Foodbank
Bridgeton, MO
To learn more about Morgan Stanley’s giving back efforts, please
see here.
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.
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Media Relations Contact: Katherine Stueber,
Katherine.stueber@morganstanley.com
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