New York - Morgan Stanley has announced a significant financial commitment to its Alliance for Children’s Mental Health, with a total funding of $50 million since its inception in 2020. The latest pledge of $20 million over the next five years aims to bolster the Alliance's efforts in delivering programming, research, and innovative solutions to support children's mental health.

The Alliance has expanded its reach by welcoming two new members, the American Academy of Pediatrics and Sesame Workshop, to collaborate on enhancing mental health support for children. Ted Pick, Chief Executive Officer of Morgan Stanley, expressed the firm's dedication to community service, stating, “Morgan Stanley’s focus on children’s health is a core part of the Firm’s commitment to give back to our communities.”

Mark Del Monte, Chief Executive Officer of the American Academy of Pediatrics, highlighted the crucial role of pediatricians in addressing children's mental health needs, especially in underserved communities. He emphasized the importance of equipping pediatricians with essential resources to provide optimal care.

Sesame Workshop, known for its impactful initiatives, will focus on early detection and prevention of mental health issues in young children. Sherrie Westin, President and Interim CEO of Sesame Workshop, stressed the significance of nurturing children's emotional well-being from an early age.

The Alliance, under the leadership of Joan Steinberg, has already made substantial contributions to children's mental health, benefiting millions globally and supporting innovative solutions through grants and educational programs. Steinberg emphasized the need for continued advocacy and funding to address the mental health crisis affecting children and youth.

The Alliance for Children’s Mental Health comprises esteemed organizations such as the Child Mind Institute, Columbia University Department of Psychiatry, and The Jed Foundation, among others, working collectively to improve mental health outcomes for children.

For more information about the Morgan Stanley Alliance for Children’s Mental Health, please visit the official website.