The Morgan Stanley Global Impact Funding Trust, Inc. (“MS GIFT, Inc.”) is an organization described in Section 501(c) (3) of the Internal Revenue Code of 1986, as amended. MS Global Impact Funding Trust (“MS GIFT”) is a donor-advised fund. Morgan Stanley Smith Barney LLC provides investment management and administrative services to MS GIFT.

This material is intended to provide educational information for advisors and Donor Advised Fund holders use only. While we believe there is potential for grant recovery to the recommender’s MS GIFT account the grant is an irrevocable gift to the nonprofit. Although the statements of fact and data in this material have been obtained from, and are based upon, sources that the firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed. This material is for informational purposes only.

Recoverable Grants are made to nonprofit public charities and must comply with all IRS guidelines including but not limited to ensuring that no Prohibited Benefits are conferred to any Disqualified Persons or supporting organizations, Private Non- Operating foundations, or for direct or grassroots lobbying purposes.

Recoverable Grants are made with no guarantee of recovery of funds or guarantee of impact results. Recovery of funds is not legally required and is performed on a best-efforts basis as determined by each nonprofit in accordance with the terms outlined in the Letter of Intent (LOI).

Note on Recoverable Grants: Recoverable grants are a form of charitable giving. Donors should be prepared that funds may not be recovered and are a permanent and irrevocable gift to the nonprofit. CapShift lists recoverable grants in this presentation as an illustration of a form of charitable giving that may complement a donor’s impact goals.

While there is potential for grant recovery to the recommender’s MS GIFT account, the grant is an irrevocable gift to the nonprofit.

This material is for informational purposes only.

Morgan Stanley Smith Barney LLC (“Morgan Stanley”) and CapShift assembled this collection of nonprofit organizations (the “List”). The List is not comprehensive, but is intended to stimulate philanthropic ideas and encourage philanthropic giving. There are many other charities and philanthropic endeavors to consider, and we encourage you to explore any other options that appeal to you and your family.

It is important to note that Morgan Stanley has conducted no review or diligence of the charities or philanthropic opportunities on the List. Further, the List should in no way be considered to be a solicitation or endorsement by Morgan Stanley on behalf of charities named. If you choose to support any of the charities or philanthropic endeavors listed or any other charity that you separately identify, we recommend that you evaluate the charity or philanthropic endeavor, and make your own independent decision as to its legitimacy and merits.

This material contains links to third-party nonprofit organizations or charities (“third party”). These links are provided only as a convenience. The inclusion of any link is not and does not imply an affiliation, sponsorship, endorsement, approval, investigation, verification or monitoring by Morgan Stanley of any information contained in any third party website. In no event shall Morgan Stanley be responsible for the information contained on third party websites or your use of or inability to use such websites, nor do we guarantee their accuracy or completeness. The information provided by nonprofit organizations or charities on their websites is subject to change without notice. You should also be aware of the terms and conditions of the third party websites, including their privacy policies.

The List should in no way be considered to be a solicitation or endorsement by Morgan Stanley on behalf of charities named. If you choose to support any of the charities or philanthropic endeavors listed or any other charity that you separately identify, we recommend that you evaluate the charity or philanthropic endeavor, and make your own independent decision as to its legitimacy and merits.

Morgan Stanley will not receive referral fees from any of the charities for inclusion on the List or for donations from clients. Morgan Stanley is part of a diversified financial services company with millions of clients in several countries around the world. Morgan Stanley routinely enters into a variety of business relationships for which either Morgan Stanley receives compensation or pays for services, and such business relationships may include relationships with charities on the List, or with their employees or agents.

Morgan Stanley Smith Barney LLC, its affiliates and employees, including Financial Advisors and Private Wealth Advisors, do not provide legal or tax advice. You should consult your own tax advisor for matters involving taxation and tax planning, and your attorney for matters involving trust and estate planning, charitable giving, philanthropic planning and other legal matters.

While we believe that MS GIFT provides a valuable philanthropic opportunity, contributions to MS GIFT are not appropriate for everyone. Other forms of charitable giving may be more appropriate depending on a donor’s specific situation. Of critical importance to any person considering making a donation to MS GIFT is the fact that any such donation is an irrevocable contribution. Although donors will have certain rights to make recommendations to MS GIFT as described in the Donor Circular & Disclosure Statement, contributions become the legal property of MS GIFT when donated.

The Donor Circular & Disclosure Statement describes the risks, fees and expenses associated with establishing and maintaining an MS GIFT account. Read it carefully before contributing.

Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.

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