NEW YORK--(BUSINESS WIRE)--May 17, 2018--Morgan Stanley Foundation today announced over $1,500,000 in grants to local food banks in 29 cities across 20 states to support hunger-relief programs that deliver food assistance and healthy meals to children and families. These grants are part of our most recent commitment, bringing our support total to more than $23 million to 200 Feeding America member food banks to help launch, build upon and sustain critical child nutrition programs through child hunger grants and expand access to fresh produce through produce grants. Morgan Stanley is committed to providing children with a healthy start to life and access to nutritious food is a vital part of that pledge.

“We are proud to continue our longstanding partnership with Feeding America and its network of local food banks to ensure every child has access to healthy food and raise awareness about the issue,” said Joan Steinberg, Global Head of Philanthropy at Morgan Stanley. “Through our support, particularly through the hands-on volunteering of thousands of our employees, we hope to see Feeding America’s mission to end hunger become a reality.”

Food insecurity continues to be a major issue facing millions of Americans today. 41 million people face hunger in the United States, including 13 million children. With one out of every seven people turning to the Feeding America network each year for extra support, grants like these help fight hunger across the nation. Feeding America’s Hunger in America 2014 study found that 39 percent of households served by Feeding America had at least one child under the age of 18.

“Grants like this from Morgan Stanley make a vital difference in our efforts to provide children with the nutritious meals they need every day,” said Matt Knott, President of Feeding America. “Nearly 13 million children in the United States live at risk of hunger. Together, we can fight hunger and help children get the fuel they need to grow healthy and strong.”

The following food banks are recipients of the Morgan Stanley Foundation:

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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SOURCE: Morgan Stanley

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PUB: 05/17/2018 10:00 AM/DISC: 05/17/2018 10:01 AM

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