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The Family Center Wins This Year’s ‘U.S. Strategy Challenge’


This year, the employees of Morgan Stanley devoted more than “9,600 hours to strategy development” in the “annual U.S. Strategy Challenge”.

Source: commons.wikimedia.org; (CC BY 2.0)
Source: commons.wikimedia.org; (CC BY 2.0)
Dailycsr.com – 29 May 2019 – On May 23, 2019, Morgan Stanley made an announcement informing that the “Family Center team” has emerged victorious in the “eleventh annual U.S. Strategy Challenge”, a “flagship pro bono program” of the firm that recruits upcoming talents to join non-profit organisations in solving “strategic, mission critical challenges”.
Over a span of ten weeks, the employees of Morgan Stanley were busy providing “in-depth consulting services to nine local nonprofits” who sought to address “strategic challenges” besides scaling up strategies and “critical opportunities” in order to “enhance efficiency and effectiveness” in their business and programme models. During the final round of this competition, the “New York Center for Children” bagged the runner-up position, while the “Christopher & Dana Reeve Foundation” clichéd the third spot.
As mentioned earlier, the winning team was “The Family Center”, a charitable organisation that works “strengthen families affected by crisis, illness or loss” to provide a “more secure present and future for their children”. The team of Morgan Stanley was tasked with finding out the best way for “The Family Center to integrate primary care services at their facility” which will increase care and access.
Following an extensive analysis, the team of Morgan Stanley came out with a “customized financial model and partnership toolkit” which could be used to assess opportunities for delivering “primary care services in the future”. In the words of founder as well as the executive director of The Family Center, Ivy Gamble Cobb:
“Working with the Morgan Stanley team has been a wonderful experience—the insight, information and tools they gave us will be instrumental as we continue to work to provide expert services for our families. The financial analysis tool and the partner assessment tool are like my bible now and, with these tools, we’ll be able to better measure impact on the organization and make decisions rooted in good data.”
While, the global head of Philanthropy at Morgan Stanley, Joan Steinberg added:
“I would like to congratulate each of the nine teams that participated in this year’s U.S. Strategy Challenge. All of the proposals put forward were extremely intelligent and impressive, which is a true testament to the success of this pro bono initiative that uniquely leverages the talents and passions of Morgan Stanley’s current and future leaders, giving back to the community in tangible and impactful ways.”
Here are the names of the nine non-profits that participated in this year’s “U.S. Morgan Stanley Strategy Challenge”, as mentioned by the press release of Morgan Stanley:
  • Advancement for Rural Kids (ARK) – ARK partners with rural communities in the developing world to secure food, kids’ schooling and income for life, starting with its award winning 5-cent school lunch.
  • Asian Americans for Equality (AAFE) – Asian Americans for Equality is dedicated to improving the lives of immigrant and low-income New Yorkers by strengthening and empowering communities.
  • Christopher & Dana Reeve Foundation – The Reeve Foundation is dedicated to curing spinal cord injury by funding innovative research and improving the quality of life for people living with paralysis through grants, information and advocacy.
  • The Family Center – The Family Center works to strengthen families affected by crisis, illness or loss to create a more secure present and future for their children.
  • Girls on the Run NJ East – Girls on the Run inspires girls to be joyful, healthy and confident using a fun, experience-based curriculum which creatively integrates running.
  • Greyston Foundation – Greyston Foundation’s mission is to create thriving communities through the practice and promotion of Open Hiring™.
  • The New York Center for Children – The New York Center for Children (NYCC) is the only independent center in New York City to provide free, comprehensive evaluation and therapy services to child victims of physical and sexual abuse and their families, for as long as their healing requires.
  • New York City Audubon – New York City Audubon, an independent nonprofit organization affiliated with National Audubon Society as an urban chapter, works for the protection of wild birds and habitat in the five boroughs, improving the lives of New Yorkers.
  • Prep for Prep – Prep for Prep develops ethical and effective leaders who reflect our diverse society for the enduring benefit of all.