Feeding America receives $8 million pledge
May 21, 2013
Many times, foundations will start a business relationship with nonprofit agencies and act almost as a sponsor. They share similar focus areas and the charity is allowed to reap fiscal and other benefits.
This situation was emulated recently when Morgan Stanley decided to expand on a partnership with Feeding America and pledged $8 million to the Fill the Plate program as well as a volunteer initiative.
"Our partnership with Feeding America has long been an important way for us to create impact, and I am proud of the innovative programs we have worked on together that give children the healthy start they need for lifelong achievement," Morgan Stanley CEO and President James Gorman said.
The Morgan Stanley Foundation has been in operation for approximately 50 years and aims to improve the lives of individuals all over the world. Administrators recognize the Global Alliance for Children's Heath as the foundation's signature initiative, but the organization also pledges to provide charities with education, employee volunteer efforts and other help whenever possible.
Foundations and organizations that provide annual funding might benefit from nonprofit accounting software, which can help board members audit funds and make sure the correct amounts are being distributed to various programs each year.