- Six colleges have been selected as recipients of the first cohort of the new fund with additional scholarships available for up to 50 schools over the next three years
- This scholarship is an initiative out of the Morgan Stanley Alliance for Children’s Mental Health
NEW YORK, NY — The Jed Foundation (JED) today announced the launch of its $1 million Morgan Stanley Scholarship Fund to enable higher education institutions serving students from low-income and diverse backgrounds to participate in JED Campus. JED Campus is a signature program of the foundation and helps colleges and universities develop and strengthen their approaches to supporting student mental health and preventing suicide–the second leading cause of death for teens and young adults across the nation. As students are returning to campus this fall with heightened anxiety and stress about what to expect amid COVID-19, college campuses are in need of support to increase access to mental health infrastructure and services.
“This is a critical time for young people in our nation as they cope with the current pandemic, ongoing issues around racial equity, and the regular pressures of transitioning into adulthood,” says John MacPhee, executive director and CEO of The Jed Foundation. “We believe that working with high schools, colleges, and universities to invest in real-life systems that strengthen mental health safety nets and foster a community of caring for students is more important than ever.”
JED is a founding nonprofit partner organization of the Morgan Stanley Alliance for Children’s Mental Health, which brings together key leaders in the children’s mental health space and combines the resources and reach of Morgan Stanley and its Foundation to help address children’s mental health concerns and the far-reaching challenges of stress, anxiety, and depression. The Alliance seeks to drive impact for young people – especially in marginalized populations – by assisting youth through formative transitions, and helping parents recognize mental health disorders and support their children.
Six colleges have been selected as the inaugural scholarship recipients for fall 2020: Frederick Community College of Maryland, Spartanburg Community College of South Carolina, St. Thomas University of Florida, Towson University of Maryland, University of Missouri, and Holyoke Community College of Massachusetts. JED Campus advisors will work closely with these schools through a collaborative process of comprehensive systems, programs, and policy assessment with customized support to build upon each institution’s existing structures.
“With a longstanding commitment to children’s health, Morgan Stanley is focused on improving mental health outcomes for young people, particularly in marginalized communities, and recognizes the important role the private sector plays in addressing the urgent mental health challenges among young adults and college students. We are proud to be partnering with The Jed Foundation to make a tangible impact on this critical issue, especially as mental health challenges continue to become even more pervasive and urgent during these uncertain times,” says Joan Steinberg, President, Morgan Stanley Foundation.
The Morgan Stanley Scholarship Fund has allocated monies for up to 50 schools over the next three years. Universities and colleges interested in applying for The Morgan Stanley Scholarship Fund should visit JED Campus Fee and Payment Options.
“This very important initiative will have a positive impact on the student experience at FCC by providing the guidance and resources we need to engage in assessment and planning, which will ultimately result in increased awareness and expansion of targeted support related to suicide prevention, substance use and the overall wellbeing of our students,” says Nora Clark, vice president for Learning Support at Frederick Community College.
The scholarship fund was made possible through the Morgan Stanley Foundation. Through a grant of $9.9 million, the Morgan Stanley Alliance for Children’s Mental Health has significantly bolstered JED’s impact on youth mental health in colleges and high schools, and will enable JED to more than double the number of colleges and universities receiving its JED Campus services, reaching 3.5 million additional students. With this support, JED will also be better equipped to foster deeper engagement with schools that are alumni of JED Campus and at colleges and universities across the nation. JED Campus currently works with over 300 colleges and universities, representing 15% of students nationwide.