Morgan Stanley was recognized as one of America’s 10 most community-minded companies in The Civic 50 survey – the first comprehensive ranking of S&P 500 corporations that best use their time, talent and resources to improve the quality of life in the communities where they do business. The survey, where Morgan Stanley ranked sixth overall, was conducted by the National Conference on Citizenship (NCoC) and Points of Light, the nation’s definitive experts on civic engagement, in partnership with Bloomberg LP.
“All over the world, our employees use their passion, knowledge and skills to support thousands of community organizations each year,” said Joan Steinberg, Managing Director and Global Head of Philanthropy at Morgan Stanley. “Giving back to the communities where we live and work is one of Morgan Stanley’s core values. We hope that the Civic 50 survey fosters additional discussion about the ways in which businesses can help local communities develop and prosper.”
In 2011, Morgan Stanley provided service and support to more than 12,000 community organizations, including more than $80 million in employee and Morgan Stanley donations and more than 21,000 employees volunteering during its Global Volunteer Month in June. The Firm’s civic engagement programs leverage employees’ talent and expertise and last year delivered more than 440,000 hours of volunteer service. These efforts include the annual Morgan Stanley Strategy Challenge, a pro bono consulting initiative that pairs top talent at the Firm with nonprofits to solve strategic issues.
Morgan Stanley also develops programs that enable employees to support relief efforts when natural disasters strike. In the wake of Hurricane Sandy, the Firm committed to match employees’ contributions to the American Red Cross up to the level of $2.5 million and pledged to donate a minimum of $1 million.“Today, in the aftermath of Hurricane Sandy, we can see clearly how much corporate America pitches in – with expertise, talent, time and money – to help communities meet critical needs,” said Jackie Norris, executive director of the Points of Light Corporate Institute. “In times of disaster and in relative calm, The Civic 50’s work is transformative, innovative and critically important.”