Mentor Wins Morgan Stanley Social Enterprise Strategy Challenge
Over the past eight weeks, nine teams of outstanding Morgan Stanley professionals provided in-depth consulting services to nine New York City nonprofits, addressing key strategic challenges such as how to enhance their financial sustainability as an organization, how to improve their efficiency and effectiveness, and how to identify new business models or growth opportunities to enhance their ability to serve their mission. Their work culminated in a two-day competition where the recommendations were presented publicly and evaluated by a panel of leading experts from the academic, private and nonprofit sectors. Overall, Morgan Stanley employees donated in excess of 2,500 hours of high-impact analysis and advice to the nonprofits, which would have a market value of at least $385,000, based on estimates by the Pro Bono Action Tank regarding how nonprofits should value in-kind contributions. This figure does not capture any value that the actual recommendations and strategies might have for the nonprofits in, for example, gained productivity, new revenue streams or more efficient business models.