How Morgan Stanley finds & funds solutions for youth mental health
This episode features Joan Steinberg, head of global philanthropy & president of the Morgan Stanley Foundation, as she gives the inside scoop on why Morgan Stanley focuses on children’s mental health and how they structure their Innovation awards.
In this episode, we cover:
- Why Morgan Stanley focuses on children’s mental health
- The mechanics of how they set up their Innovation Awards
- Why mental health is such an underfunded issue

Joan Steinberg is the Global Head of Philanthropy and President of the Morgan Stanley Foundation. She also serves as the CEO of the Morgan Stanley Alliance for Children’s Mental Health, which was established in February 2020 to address the escalating crisis in children’s mental health and has benefited over 25M youth, families, and educators globally to date. As the CEO of the Alliance for Children’s Mental Health, Joan is an expert on the impact the pandemic and social inequity has had on youth mental health. She works with Child Mind Institute, The Jed Foundation, and others to unite cross-generational leaders, advocates, and activists to raise public awareness and bring to life new initiatives to combat the global crisis.
After a decade in the nonprofit sector, Joan joined Morgan Stanley in 1997 and oversees its global philanthropic programs, including strategic planning and execution, employee engagement, and corporate and Foundation grantmaking totaling $100M+ annually. She has more than quadrupled the firm’s giving; created programs for 80,000+ employees; and expanded the philanthropic geographic outreach to serve more communities.
She earned her undergraduate degree in English and Communications and her masters degree in Public Administration from Rutgers University. Joan has also earned certificates in corporate citizenship from Harvard Business School and Boston College. Joan is active in her community, serving currently on the Executive Committee of the board of the Hispanic Federation.

Sam Caplan is the Vice President of Social Impact at Submittable, a platform that foundations, governments, nonprofits, and other changemakers use to launch, manage, and measure impactful granting and CSR programs. Inspired by the amazing work performed by practitioners of all stripes, Sam strives to help them achieve their missions through better, more effective software.
Sam formerly served as founder of New Spark Strategy, Chief Information Officer at the Walton Family Foundation, and head of technology at the Walmart Foundation. He consults, advises, and writes on social impact technology, strategy, and innovation.
Connect with or follow Sam on Linkedin, listen to his podcast Impact Audio, and subscribe to his bi-weekly newsletter The Review.
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