Mor­gan Stan­ley pledges $2.5m to Su­per­storm Sandy re­lief ef­fort

The Pak Banker - - Front Page -

NEW YORK

Mor­gan Stan­ley to­day an­nounced that it has es­tab­lished a char­i­ta­ble giv­ing ef­fort to sup­port peo­ple and com­mu­ni­ties im­pacted by Su­per­storm Sandy. The Firm will match ev­ery dol­lar of its em­ploy­ees' con­tri­bu­tions to the Amer­i­can Red Cross's re­lief op­er­a­tions up to the level of $2.5 mil­lion, and it will make a min­i­mum con­tri­bu­tion to the Red Cross of $1 mil­lion.

Su­per­storm Sandy has wrought dev­as­ta­tion in many of the com­mu­ni­ties where our col­leagues, friends, fam­i­lies and clients live and work, said James Gor­man, Chair­man and Chief Ex­ec­u­tive Of­fi­cer of Mor­gan Stan­ley. As a Firm, we must be part of the so­lu­tion to the dam­age and hard­ship that has oc­curred, so we are en­cour­ag­ing our em­ploy­ees to con­trib­ute to Red Cross re­lief ef­forts. We com­mend the Red Cross for its vi­tal work to help af­fected com­mu­ni­ties get back on track. Mor­gan Stan­ley is com­mit­ted to sup­port­ing com­mu­ni­ties in need. The Firm also pro­vides a yearly $250,000 gift to the Red Cross's An­nual Dis­as­ter Giv­ing Pro­gram, which re­leases im­me­di­ate funds for short-term re­lief in all dis­as­ter sit­u­a­tions.

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