● Second edition of program to fund a new set of solutions to address gaps in children’s mental health care
● The program draws attention to mental health as one of the most underfunded areas of philanthropic giving, which has been exacerbated by the pandemic
New York –
Morgan Stanley today announced the second call for entries for the Morgan Stanley Alliance for Children’s Mental Health Innovation Awards, which aims to identify and fund mental health solutions for children and young adults across the United States. Under this initiative, the Alliance – comprised of key leaders in the field – will award grants totaling $500,000, consultation and training with industry professionals, and capital opportunities showcasing opportunities to US-based 501(c)3 public charities. children’s mental health and dealing with the challenges of stress, anxiety, depression or other mental health issues.
Since the launch of this program, the crisis in children’s mental health has only worsened due to various factors including COVID-19 and social injustices.1 This initiative aims to find and scale breakthrough solutions that can help change the trajectory of children’s mental health in a historically underfunded space.
“The past two years have presented significant challenges to the mental well-being of young people and families around the world,” said Ted Pick, co-chairman of Morgan Stanley and chair of the Children’s Mental Health Alliance Advisory Board. . “To continue the journey towards adequately addressing the complex challenges facing children’s mental health, the Alliance seeks to provide funding to Innovators whose programs best capture the qualities of determination and imagination. Most importantly, an innovation award will help these innovators reach their potential to scale to have a lasting impact for our children.
Applications due by July 15, 2022 at 5:00 p.m. ET and available here, will be reviewed for innovation, reach, impact and potential by a panel of expert judges in the field of mental health. Programs should address specific issues and unmet needs with the aim of reducing stigma, increasing access to care, improving equity, enabling prevention and improving mental health intervention . Selected organizations will have access to capital to test and scale their work and showcase their solutions at a showcase event to potential funders.
In its inaugural edition, the Alliance announced Black girls smile, citiesRISEthe Rural Institute of Behavioral Health, Smart from the startand Teen line as the first winners of the Innovation Trophies. Additional funds were raised as a result of showcase opportunities with the Innovation Awards. Morgan Stanley will continue to promote these organizations with a new series of videos launched in May.
“Collaboration is key to bringing about change in youth mental health. It has been a tremendous honor to work with the first cohort of Innovation Award winners and watch the impact of their solutions grow throughout our time together,” said Joan Steinberg, President of the Morgan Stanley Foundation and CEO of the Children’s Mental Health Alliance. Advisory Board. “We look forward to building on this success to welcome and work with the next set of winners, improving the emotional well-being of children and young people now and in the future.”
Applications are now being accepted until July 15, 2022 at 5 p.m. ET. To learn more about the application process, interested organizations can register for an information session on May 18 from 3-4 p.m. ET. here and submit their innovative ideas here.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services company providing a broad range of investment banking, securities, wealth management and investment management services. With offices in 41 countries, the company’s employees serve customers around the world, including businesses, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
About the Morgan Stanley Alliance for Children’s Mental Health
The Morgan Stanley Alliance for Children’s Mental Health brings together key leaders in the field of children’s mental health and combines the resources and reach of Morgan Stanley and its Foundation with the knowledge and experience of its distinguished partner organizations non-profit. The Alliance helps to respond strategically to children’s mental health issues and the wide-ranging challenges of stress, anxiety and depression. For more information about the Alliance, visit www.morganstanley.com/mentalhealthalliance.
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