Thursday, June 12, 2014
Team Working on Suicide Prevention Wins Morgan Stanley Strategy Challenge
American Foundation for Suicide Prevention and a team of Morgan Stanley professionals won the sixth annual Morgan Strategy Challenge -- an effort that pairs nonprofit organizations facing a mission critical issue with a team of the financial firm's top performing professionals. The suicide prevention group is exclusively dedicated to understanding and preventing suicide through research, education and advocacy.
The Morgan Stanley team developed a cost-effective way to scale the program, recommending that AFSP partner with employee-assistance programs to implement the screening tool into the EAP offerings to corporations instead of having the organization market the tool on their own.
“Strategy Challenge is really about taking the best we have to offer – our talented people – and leveraging their intellectual capacity and ingenuity to maximize impact,” said Joan Steinberg, Head of Morgan Stanley Community Affairs and President of the Morgan Stanley Foundation. “
Over the eight weeks of the challenge, Morgan Stanley teams worked half-time with 12 different charities, identifying and researching, feasible and impactful solutions the organizations can implement to reach scale, expand impact and improve efficiency. Teams donated more than 11,000 hours, equivalent to a market value of approximately $1.7 million, based on standards developed by the Taproot Foundation...