Morgan Stanley said on Monday it will give $20 million to seven nonprofit groups...
) said on Monday it will give $20 million to seven nonprofit groups working to prevent youth suicide and fight depression and other children’s mental health problems.
Roughly 17 million people in the United States under age 18 have a mental health disorder, but the vast majority will never receive treatment, said Joan Steinberg, president of Morgan Stanley’s foundation. Nonprofits like these run lean operations, Steinberg said, and the Morgan Stanley grants are among the largest either group has ever received. The Jed Foundation reported total revenues of $8.9 million in 2018, and the Steve Foundation reported $1.15 million, according to tax filings.
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