As part of its initiative to ‘give back’, Morgan Stanley has launched its first ever UK Strategy Challenge. The US bank turned to Pilotlight to help facilitate its skills-based volunteering programme, which has been running in the US for six years.
The Strategy Challenge pairs each of the charities with a team of five Morgan Stanley VPs and one Pilotlight coach for eight weeks to provide them with pro bono strategic consulting.
The first four organisations to take part in the UK are:
- Community Links, an innovative East London charity working with 16,000 people each year.
- East London Business Alliance, the leading social regeneration charity in East London.
- Magic Breakfast, which delivers free, healthy breakfast foods to UK primary schools with more than 35% free school meals.
- The Prince’s Trust, the UK’s leading youth charity which helps disadvantaged young people get their lives on track and gives vulnerable young people the practical and financial support needed to stabilise their lives.
Gillian Murray, Chief Executive of Pilotlight, said:
Charities have the expertise and determination to support their beneficiaries, but often cannot afford the time to focus on their strategic goals. Working with Morgan Stanley’s employees, this initiative will help these four charities address key challenges, enabling them to become more sustainable and ultimately reach more people in need.
Programmes and partnerships such as the Morgan Stanley Strategy Challenge run parallel to Pilotlight’s core projects and help the organisation explore and demonstrate different ways in which the business and charity sectors can benefit from each other. At the moment, Pilotlight is also working in partnership with the Royal Bank of Scotland to deliver a graduate programme, where teams of graduates work on charity projects for a period of six months.
Learn more about Morgan Stanley Strategy Challenge UK
Learn more about Pilotlight's partnership with Morgan Stanley