The Latino Commission on AIDS and The Duke of Edinburgh’s Award Teams Win Morgan Stanley’s Annual Strategy Challenge Supporting Nonprofits in the U.S. and the UK
19 Maio 2022 - 08:00AM
Business Wire
- Employees contributed over 11,000 hours to strategy development
for 15 nonprofits during the 2022 Strategy Challenge program
- Program has benefited over 170 nonprofits since launch
Morgan Stanley today announced that teams Latino Commission
on AIDS and The Duke of Edinburgh’s Award have won its
annual Strategy Challenge, the Firm’s flagship pro bono program,
which brings together rising talent to help nonprofit organizations
solve strategic, mission-critical challenges. Over the past ten
weeks, Morgan Stanley employees worked with leadership teams at 15
nonprofit organizations to provide recommendations to address their
strategic questions. The challenges addressed are critical to
bringing meaningful impact and long-term change to the
organizations’ communities, such as expansion and scaling strategy
and opportunities to enhance efficiency and effectiveness through
business and program models. This initiative is in line with the
Firm’s expertise in delivering innovative solutions for clients and
culture of giving back.
The winning team in the U.S. collaborated with the Latino
Commission on AIDS, which works to improve and expand access to
quality and appropriate health care in order to impact HIV, viral
hepatitis, STI prevention and other health challenges faced by
Hispanic and Latino communities. The organization challenged its
Morgan Stanley team to analyze whether they should enter the
primary care space to expand the services offered and provide
holistic healthcare options for the communities it supports. After
performing extensive analysis and industry benchmarking, the Morgan
Stanley team recommended that the Latino Commission on AIDS not
enter the primary care space at this time to support mission
sustainability and growth, but instead consider alternate models
such as innovative partnerships, mobile care vans, telehealth and
case management.
“We are honored to win Morgan Stanley’s 2022 Strategy Challenge.
As a Hispanic and Latino nonprofit, this opportunity to work with
Morgan Stanley employees and gain their expertise from the lens of
the financial sector has been invaluable,” said Guillermo Chacon,
President of the Latino Commission on AIDS and founder of the
Hispanic Health Network. “The dedication of their team to engage
with us and provide detailed analysis and recommendations for the
question we posed will impact the success and growth of our agency
in years to come.”
The winning team in the UK worked with The Duke of Edinburgh’s
Award, a UK charity empowering young people from all backgrounds
and circumstances to develop confidence, resilience and self-belief
to take on their own challenges, follow their passions and make a
difference in their community. The charity challenged its Morgan
Stanley team to analyze whether The Duke of Edinburgh’s Award
should pursue commercializing its outcomes in a workplace setting
to help fund its ambition to reach one million young people, and if
so, how. After performing extensive analysis and research into the
market and other service providers, the Morgan Stanley team
recommended that the Duke of Edinburgh’s Award should progress with
a learning and development offering for apprentices within the
workplace and provided a road map to enable effective
implementation and delivery over the coming years, following
further piloting.
“We’re delighted to have won the Morgan Stanley Strategy
Challenge 2022,” said The Duke of Edinburgh’s Award’s CEO, Ruth
Marvel. “The Strategy Challenge has enabled us to make rapid
progress on a crucial element of our strategic plan. It has also
helped build internal staff capacity and given us new tools and a
roadmap to guide our next steps, so we can reach even more young
people with a life-changing DofE experience."
“We are honored to collaborate with leading nonprofits to help
create pathways that drive greater impact, at a time when demand
for support services has skyrocketed across communities globally,”
said Joan Steinberg, Morgan Stanley Global Head of Philanthropy. “I
would like to congratulate each of the teams that participated in
this year’s Strategy Challenge for creating thoughtful and
impressive proposals that will move the needle for each nonprofit
organization.”
The 15 nonprofit organizations that took part in this year’s
Morgan Stanley Strategy Challenge across the U.S. and the UK
include:
- Alvin Ailey Dance Foundation is focused on building an extended
cultural community which provides dance performances, training and
education, and community programs for all people.
- America SCORES New York seeks to create equitable opportunities
for young people to experience sport, express themselves and
inspire positive change off the field and outside the
classroom.
- Bookmark Reading gives children the reading skills and
confidence they need for a fair chance in life, through their
flexible volunteer-led programme. For the children who need them,
they are changing their story.
- The Duke of Edinburgh’s Award empowers young people from all
backgrounds and circumstances to develop confidence, resilience and
self-belief to take on their own challenges, follow their passions
and make a difference in their community.
- Global Kids’ mission is to educate, inspire and activate youth
to take action on critical issues facing their communities and the
world.
- Goddard Riverside serves more than 20,000 New Yorkers each year
with programs ranging from Early Childhood Education to Older Adult
Centers.
- Good Grief builds resilience in children, strengthens families
and empowers communities to grow from loss and adversity.
- Lord’s Taverners provide inclusive cricket programmes,
empowering young people with disabilities and from disadvantaged
communities to develop the knowledge, skills, capabilities and
confidence required to overcome the challenges of inequality and
reach their potential.
- The Lower Eastside Girls Club empowers young women and
gender-expansive youth in New York City through free, year-round
innovative programs in STEM, Arts, Digital Media and Sound,
Wellness, Civic Engagement and Leadership.
- Place2Be is a children’s mental health charity with over 25
years’ experience working with pupils, families and staff in UK
schools. The charity provides mental health support in schools
through one-to-one and group counselling, expert training and
professional qualifications.
- Rethink Food is on a mission to create a more sustainable and
equitable food system - one that uses excess food to make
nutritious and culturally-celebrated meals for communities facing
food insecurity.
- The Latino Commission on AIDS works to improve and expand
access to quality and appropriate health care in order to impact
HIV, viral hepatitis, STI prevention and other health challenges
faced by Hispanic and Latino communities.
- St Giles Trust uses expertise and lived experience to empower
disadvantaged people to turn pasts into positive futures. Their
services support people facing poverty, exploitation, caught up in
crime, or a combination of issues to overcome adversity.
- UHAB (Urban Homesteading Assistance Board) empowers low- to
moderate-income residents to take control of their housing and
enhance communities by creating strong tenant associations and
lasting affordable co-ops.
- Young Epilepsy is dedicated to standing up for children and
young people with epilepsy, recognising their right to be heard.
They exist to create a society where these individuals are enabled
to thrive and fulfil their potential. Together, the possible is
created.
For more on the Morgan Stanley Strategy Challenge, click
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.
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