Morgan Stanley Expands Partnership with KaBOOM! Through a New Grant, Creating Additional Innovative Play Spaces for Children in 21 Cities

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    Partnership with Over 800 Employee Volunteers Continues to Provide
    Thousands of Children with Safe Play Spaces, Strengthening Their Healthy
    Start to Life

    NEW YORK–(BUSINESS WIRE)–Morgan Stanley (NYSE: MS) today announced a new grant to KaBOOM!, a
    national non-profit dedicated to ensuring that all kids get a childhood
    filled with the balanced and active play needed to thrive. The two-year
    Morgan Stanley Foundation grant is a continuation of Morgan Stanley’s
    long-standing partnership with KaBOOM!, which has already led to the
    creation of 20 playgrounds, serving more than 9,500 kids around the
    country.

    With this new grant, Morgan Stanley volunteers and KaBOOM! partners will
    work together to create 21 new play spaces for children, more than
    doubling the existing play spaces already created in efforts with Morgan
    Stanley employees. Five of these play spaces will be physical
    playgrounds built in cities across the United States. The remaining 16
    will be creative play grants for Imagination Playgrounds and Rigamajig
    units, which allow for year-round activity in areas with limited space
    or inclement weather. These new play spaces will involve the collective
    effort of over 850 Morgan Stanley employee volunteers and will benefit
    an estimated 36,500 children living in underserved communities.

    “Play is crucial to a child’s emotional, physical, and intellectual
    development, and we are proud to build upon our already successful
    partnership with KaBOOM!, expanding access to free, public play spaces
    for children everywhere,” said Joan Steinberg, Global Head of
    Philanthropy at Morgan Stanley. “For more than 50 years, the Morgan
    Stanley Foundation has supported healthy starts and solid educations for
    the children in our communities, and it’s inspiring to see our nonprofit
    partners and employee volunteers collaborate to have a tangible impact
    on children’s health and well-being.”

    “Play is critical for kids to grow up happy, healthy and resilient, yet
    far too many kids are missing out on a chance to play,” said Lysa
    Ratliff, Vice President of Partnership Development, KaBOOM!. “Through
    our longtime partnership with Morgan Stanley, spaces are created so that
    more kids have the opportunity to get the play they need to thrive in
    life. We are grateful for their commitment to all kids getting the
    childhood they deserve through play.”

    Where space is limited, creative play products allow for play to take
    place in the classroom, gymnasium, recreation centers, and beyond.
    Imagination Playground and Rigamajig encourage free play, creativity,
    communication and collaboration.

    Imagination Playground is an innovative play system that encourages
    creativity, communication and collaboration in play. With a collection
    of custom-designed, oversized blue foam shapes, Imagination Playground
    provides a changing array of elements that allow kids to create a
    playspace that is constantly built and re-built by their imagination.

    Rigamajig is a large-scale building kit filled with wooden plants,
    wheels, pulleys, nuts, bolts and rope that enhances STE(A)M learning and
    allows children to actively play and create. Rigamajig allows children
    to develop language, communication and problem solving skills that are
    key to cognitive development.

    Morgan Stanley is a leading global financial services firm providing
    investment banking, securities, wealth management and investment
    management services. With offices in more than 41 countries, the Firm’s
    employees serve clients worldwide including corporations, governments,
    institutions and individuals. For more information about Morgan Stanley,
    please visit www.morganstanley.com.

    Contacts

    Media Relations:
    Katherine Stueber, 212-761-1349
    [email protected]