Morgan Stanley to let clients use donor-advised funds focused on drug discovery

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Morgan Stanley is launching a new program, called Morgan Stanley GIFT Cures,that enable clients through a donor-advised fund to help them donate money to find treatments for diseases.

The program was created in 2012 with a grant of $50 million from the Harrington Family, who are medical supply entrepreneurs. It will provide opportunities for clients to improve their strategy in their philanthropic and marketing efforts.

The Morgan Stanley GIFT Cures program is focusing on efforts to develop treatments for diseases such as Alzheimer's, cancer, cardiovascular disease, gastrointestinal disease and immune disorders, and many more.

With the program, clients will also be able to make targeted donations to help come up with cures for those diseases.

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