CIBC gives $1 million to the Canadian Women's Foundation to help low-income women become self-sufficient and end violence against women
Donation supports work by the Canadian Women's Foundation to help women and girls achieve their full potential TORONTO, March 5 /CNW/ - On International Women's Day, CIBC (CM:TSX;NYSE) is committing $1 million towards the training and support offered by the Canadian Women's Foundation (CWF) to help low-income women become economically self-sufficient and break the cycle of violence against women. CIBC's commitment will also support the CWF's $10 million "Changing Lives for Good" endowment fund, a permanent resource for positive change in the lives of women and girls. "As a long-time supporter of the Canadian Women's Foundation, we have already seen CIBC's unwavering commitment to helping women achieve their full potential," said Beverley Wybrow, President and CEO of CWF. "With this $1 million commitment, CIBC has created a legacy that will be felt by women, girls and whole communities, far into the future." "CIBC is dedicated to fostering strong, healthy communities," said Sonia Baxendale, Senior Executive Vice-President, Retail Markets at CIBC. "More than two thirds of our employees are women and we are proud to continue our partnership with the Canadian Women's Foundation and the important work it does. By supporting the potential of women, we are working to make our communities stronger, safer and more prosperous.""Changing Lives for Good", the Foundation's endowment fund, will: - Establish a permanent base of income to sustain the Canadian Women's Foundation as a primary national resource for women and girls, ensuring its longevity, stability and flexibility; - Catapult the Foundation's ability to fund more groundbreaking initiatives (currently we can only fund 10% of worthy grant applications) and expand the impact of our work for generations to come; and - Enable long-term systemic change through research and sharing of the best approaches to breaking the cycle of violence, moving low-income women out of poverty and instilling confidence and resiliency in our girls.CIBC is committed to supporting causes that matter to our clients, our employees and our communities. We aim to make a difference in communities through corporate donations, sponsorships and the volunteer spirit of employees. With a strategic focus on youth, education and health, and employee commitment to causes including the Canadian Breast Cancer Foundation CIBC Run for the Cure, United Way and the CIBC World Markets Children's Miracle Foundation, we are investing in the social and economic development of communities across the country. In 2007, CIBC group of companies contributed more than $36 million worldwide to charitable organizations and community initiatives. Of this, $27 million was invested in Canada to support national, regional and local organizations. To learn more, visit www.cibc.com/pas. About the Canadian Women's Foundation The Canadian Women's Foundation is Canada's only national public foundation dedicated to improving the lives of women and girls. CWF researches, shares and funds the most promising approaches to ending violence against women, lifting low-income women out of poverty, and building strong, resilient girls. Learn more at www.canadianwomen.org.
For further information:
For further information: Doug Maybee, Director, External Communications and Media Relations, CIBC, Tel: (416) 980-7458, email@example.com; or Sarah Ruddle, Manager, Marketing and Communications, Canadian Women's Foundation, Tel: (416) 365-1444, ext. 232, firstname.lastname@example.org