Morgan Stanley Investment Management and Opportunity Finance Network Announce Annual Contribution Recipient in Support of Affordable Housing Initiatives
Morgan Stanley (MS)
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (“MSIM”) and Opportunity Finance Network (“OFN”) today announced the deployment of a portion of the second annual contribution related to MSIM’s money market funds’ Impact Class shares. The total amount of MSIM’s annual contribution made earlier this year, was $350,000 and was directed to OFN’s Finance Justice Fund, MSIM’s diversity and inclusion partner for the Impact Class shares.“We are pleased to see the growth and impact of our partnership with Morgan Stanley Investment Management through their innovative Impact Class shares,” said Harold Pettigrew, President and CEO of Opportunity Finance Network. “MSIM’s support accelerates the impact of our member community development financial institutions investing in affordable housing and other anchors of vibrant communities.”The first recipient will be the Wisconsin Native Loan Fund, Inc. (WINLF), a certified Native American Community Development Financial Institution (“
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