Morgan Stanley has announced a $2.5 million commitment in support of hunger relief organizations worldwide.
Funded through the investment bank's Move for Meals campaign, which saw more than ten thousand Morgan Stanley employees collectively walk two hundred and fifty million steps to help raise awareness about global hunger, the commitment builds on previous employee donations in support of COVID relief totaling $2 million. According to Feeding America, fifty-four million Americans could be food insecure by the end of the year, while donations of food have dropped some 55 percent.
"The high level of employee engagement, combined with the firm's monetary commitment, is a true testament to our employees' dedication to giving back and fighting hunger," said Morgan Stanley's global head of philanthropy Joan Steinberg. "Food insecurity has always been a crucial issue that millions are faced with, but now with the issue exacerbated by the pandemic, it is important that we leverage our global reach to support over twenty partner organizations worldwide that are on the front lines of addressing hunger disparities during the current health crisis."