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Joan Steinberg and Sam Caplan
Joan Steinberg explains why Morgan Stanley focuses their funding on children’s mental health and the mechanics behind getting that funding into the hands of innovators.
Joan Steinberg explains why Morgan Stanley focuses their funding on children’s mental health and the mechanics behind getting that funding into the hands of innovators.
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.
Episode Notes:
Listen to the previous episode featuring Rachel Miller from Closegap
Follow Joan Steinberg on LinkedIn
Learn more about the Morgan Stanley Alliance for Children’s Mental Health
Learn more about The Alliance’s Innovation Awards
Learn more about Closegap
Follow Rachel Miller on LinkedIn
See the video Morgan Stanley worked with Closegap to produce
2021 Study from the CDC on high school students who felt sad or hopeless
2022 study from the National Library of Medicine on child and adolescent mental health
“Just over half of U.S. public schools offer mental health assessments for students; fewer offer treatment” from the Pew Research Center
Study from Candid on overall foundation investments into mental health causes
Transcript coming soon!
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