Morgan Stanley Foundation Awards $1.85 Million to Feeding America

Morgan Stanley Foundation Awards $1.85 Million to Feeding America

Morgan Stanley has announced a grant of $1.85 million to Feeding America in support of the organization's efforts to address hunger and food insecurity across the United States.

Awarded through the Morgan Stanley Foundation, the grant includes $1 million for food banks in twenty-one cities in fourteen states in support of their efforts to deliver food assistance and healthy meals to children and families. The remainder of the funds will be used to provide training and support for Feeding America and their member food banks. The grant boosts Morgan Stanley's support for Feeding America to a total of $23 million over the last ten years, during which time the foundation has supported more than a hundred member food banks in developing, launching, and sustaining critical child nutrition programs and expanding access to fresh produce.

Forty million people face hunger in the United States, including more than twelve million children. The issue takes on greater urgency over the summer months, when more than eighteen million of the twenty-two million children who rely on free or reduced-price meals at school lose access to those meals. In 2018, Feeding America's network of food banks served nearly twenty-four million meals through summer programs from June through August.

"Feeding America has been a longstanding, essential partner in our mission to ensure children have the key building blocks to a healthy start in life, which includes regular access to nutritious food," said Joan Steinberg, global head of philanthropy at Morgan Stanley. "We are proud to celebrate our tenth anniversary with Feeding America, demonstrating our deep-rooted commitment to driving real impact and fighting child hunger, both financially and through our dedicated employee volunteers who feel strongly about giving their time to better their communities."

For a complete list of food banks that received grants, see the Morgan Stanley website.