NEW YORK--(BUSINESS WIRE)-- Morgan Stanley today announced the second cohort of winners of its Alliance for Children’s Mental Health Innovation Awards, an initiative that aims to identify and fund transformative mental healthcare solutions for children and young adults across the U.S. Each of the winning organizations will receive a $100,000 grant to help scale their solutions, as well as support through training on nonprofit management topics from experts in the field, awareness-raising and additional fundraising opportunities.
From more than 600 applications, the five winners stood out for the unique impact they have made on their communities and their proposed strategies to expand and scale their programming. The winners were selected by experts from the Alliance for Children’s Mental Health, which brings together leaders from Morgan Stanley, its Foundation and prominent nonprofits in the children's mental health space.
“This year’s Innovation Award winners are advancing compelling programs with potential to effect powerful change across a range of communities and topics,” said Ted Pick, Co-President at Morgan Stanley and Chair of the Alliance for Children’s Mental Health Advisory Board. “Whether through childhood education or athletics, we are excited to help these organizations grow and continue to address critical mental health issues facing young people today.”
The winning nonprofits and their innovative mental health solutions include:
“Funding solutions that address children’s mental health—specifically among diverse and underserved communities—is mission-critical. Approximately 20% of youth experience a mental, emotional, developmental or behavioral disorder, but only around 1% of philanthropic funding is earmarked for these issues,” said Joan Steinberg, President of the Morgan Stanley Foundation and CEO of the Alliance for Children’s Mental Health’s Advisory Board. “We are encouraged by the determination of this year’s winners to tackle the children’s mental health crisis head-on, and hope their groundbreaking solutions can encourage other philanthropists to help us close the funding gap in this space.”
The Innovation Award winners receive additional opportunities to raise capital—both through introductions to other funders, as well as assistance in developing publicity and fundraising materials that last beyond the program. Last year’s cohort collectively raised over $6 million in additional funding and broadly increased awareness of their programming.
To learn more about the Innovation Awards, and stay up to date with the latest from the winners, visit here.
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 41 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
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 partner 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.
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Daniella Cohen, daniella.cohen@morganstanley.com
Source: Morgan Stanley