Investing.com
Published Apr 11, 2024 14:30
NEW YORK--(BUSINESS WIRE)--Morgan Stanley today announced a $20 million commitment over the next five years to its Alliance for Children's Mental Health (Alliance), bringing the initiative's total funding to $50 million since its launch in 2020. The Alliance will strengthen its work delivering programming and research, advancing transformative solutions through the Innovation Awards, and driving more impact for kids of all ages.
To expand its reach to early childhood care and workforce development for pediatrics, the Alliance has added two new members to the existing roster of distinguished nonprofits:
Morgan Stanley's focus on children's health is a core part of the Firm's commitment to give back to our communities, said Ted Pick, Chief Executive Officer of Morgan Stanley and Chair of the Morgan Stanley Alliance for Children's Mental Health Advisory Board. Today, we are strengthening our commitment and growing the Alliance for Children's Mental Health by welcoming two outstanding members - the American Academy of Pediatrics and Sesame Workshop - to join us in effecting much-needed change.
Pediatricians are often the first and sometimes the only medical professional to see an adolescent or even younger children with mental health conditions, said Mark Del Monte, Chief Executive Officer and Executive Vice President of the American Academy of Pediatrics. As trusted care providers, pediatricians can best serve the needs of their patients and families when they are equipped with essential education and resources. This Alliance, which is providing vital resources, is working to ensure that every child has access to mental health care.
The growing mental health crisis is top of mind for many, yet its impact on young children is too often overlooked, said Sherrie Westin, President and Interim CEO, Sesame Workshop. We know developing a healthy mind, body and heart, starts from day one, and the presence of supportive, caring adults in children's lives makes a world of difference in their emotional well-being and ability to thrive.
To date, the Alliance has:
While there is growing awareness around youth mental health, further advocacy and philanthropic funding are vital as we look to improve early identification and intervention, access and equity in mental health care, said Joan Steinberg, President of the Morgan Stanley Foundation and CEO of the Alliance Advisory Board. The mental health crisis is too big for anyone to tackle alone. We hope our announcement today will encourage others to help reduce the significant funding gap in this space and advocate for the mental well-being of countless children and youth.
Current members of the Alliance include the Child Mind Institute, Columbia University Department of Psychiatry, The Jed Foundation (JED), Mind HK, New York-Presbyterian Morgan Stanley Children's Hospital, Place2Be, and The Steve Fund.
For more information about the Morgan Stanley Alliance for Children's Mental Health, please visit here.
Morgan Stanley Smith Barney LLC is not implying an affiliation, sponsorship, endorsement with/of the third party or that any monitoring is being done by Morgan Stanley Smith Barney LLC (Morgan Stanley) of any information contained within the website. Morgan Stanley is not responsible for the information contained on the third party website or the use of or inability to use such site. Nor do we guarantee their accuracy or completeness.
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About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management, and investment management services. With offices in 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions, and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
About Morgan Stanley Alliance for Children's Mental Health
Launched in 2020, the Morgan Stanley Alliance for Children's Mental Health brings together key leaders in the children's mental health space and combines the resources and reach of Morgan Stanley and its Foundation with the knowledge and experience of its distinguished nonprofit member organizations. The Alliance helps strategically address children's mental health concerns and the far-reaching challenges of stress, anxiety, and depression. For more information about the Alliance, visit www.morganstanley.com/mentalhealthalliance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240410669404/en/
Media Relations:
Carrie Hall, carrie.hall@morganstanley.com
Source: Morgan Stanley
Written By: Investing.com
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