In an accomplishment to augment the millions of adolescent humans accepted to absence commons or go athirst this summer, Morgan Stanley (NYSE:MS) appear today a affiliation with Boys & Girls Clubs of Oakland to accommodate 4,000 commons to accouchement this summer. Through a donation from the Morgan Stanley Foundation to BGCA, the "Million Meal Summer" affairs will allocate added than one actor wholesome, chargeless commons and candy to accouchement this summer who about accept subsidized commons during the academy year.
-- In an accomplishment to augment the millions of adolescent humans accepted to absence commons or go athirst this summer, Morgan Stanley (NYSE:MS) appear today a affiliation with Boys & Girls Clubs of Oakland to accommodate 4,000 commons to accouchement this summer. Through a donation from the Morgan Stanley Foundation to BGCA, the "Million Meal Summer" affairs will allocate added than one actor wholesome, chargeless commons and candy to accouchement this summer who about accept subsidized commons during the academy year.
"This summer, about 15 actor academy accouchement in this country will go after the lunchtime commons provided to them during the academy year," said John J. Mack, Chairman and CEO of Morgan Stanley. "The acumen we are accomplishing this is absolutely simple. Faced with the accepted bread-and-butter challenges, abounding families are disturbing to accommodate their accouchement with advantageous meals. It is allotment of our Firm's ability to act if we apprentice that one out of six accouchement in the U.S. will not be accepting abundant to eat."
Boys & Girls Clubs of America, through its summer programs and arrangement of added than 4,300 community-based Clubs, will deliver commons to athirst children.
"We are acutely beholden to the Morgan Stanley Foundation for their acceptable abutment that will ensure the adolescent humans we serve this summer will not go hungry," said Cal Stanley, President, Boys & Girls Clubs of Oakland. "The bread-and-butter abatement that has impacted the absolute country has been acutely acquainted by our Clubs, and abounding summer aliment programs accept been placed in jeopardy. Hopefully others will chase Morgan Stanley's lead."
During the academy year, added than bisected of the 31 actor accouchement who participate in the National School Lunch Program are low-income. Last year, the Department of Agriculture's Summer Food Service Program for Children (SFSP) provided about 130 actor commons to 2.1 actor accouchement above the country. The affairs reimburses organizations for commons served, but generally does not awning the basement or programming costs organizations acquire if operating a summer affairs for children.
"The Summer Food Service Program is a basic diet ability during the months acceptance are not in school," said Agriculture Secretary Tom Vilsack. "We apperceive that there are abounding accouchement who charge alimental aliment but don't accept acceptance to a affairs in their area. We charge added organizations to sponsor sites and sponsors charge added assets from the association in adjustment to accomplish in extensive accouchement who charge meals. Ongoing partnerships like this one are key to authoritative abiding our accouchement accept advantageous commons during the academy year, during the summer months, and all year long."
For added than 30 years, Morgan Stanley has invested in avant-garde pediatric affliction through the Firm's signature Global Alliance for Children's Health program. For added advice on the Morgan Stanley Foundation and its programs, amuse appointment www.morganstanley.com/globalcitizen.
About Morgan Stanley
Morgan Stanley is a arch all-around banking casework close accouterment a advanced ambit of investment banking, securities, investment administration and abundance administration services. The Firm's advisers serve audience common including corporations, governments, institutions and individuals from added than 600 offices in 36 countries. For added advice about Morgan Stanley, amuse appointment www.morganstanley.com.
About Boys & Girls Clubs of Oakland
The Boys & Girls Clubs of Oakland's mission is to advance our community's adolescence into absolute contributors to society. Now in its 69th year, the Club continues to accommodate safe places to apprentice and grow, opportunities for advancing relationships with caring developed professionals, life-enhancing programs, and added appearance development adventures anniversary year for over 2,500 girls and boys, ages 6 to 17. The alignment supplements the endeavors of our families and our schools, and affairs to serve a minimum of 5,000 Oakland adolescence in the abreast future. If you accept in what we do and would like to appearance your abutment you may do so by visiting www.bgcoakland.org
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