CIBC announces $300,000 in donations to community programs in Calgary
CALGARY, March 1 /CNW/ - CIBC (CM: TSX; NYSE) today announced $300,000 in additional donations to community programs in Calgary. "Calgary is a very important market for CIBC. In addition to the ongoing investments we are making in our business to further our focus and support of our clients in Calgary and the province of Alberta, CIBC is also committed to investing in communities where we live and work," said Curtis Stange, Vice President, Retail Distribution, Alberta Market, CIBC. "These organizations are engaged in important activities that will benefit Calgary residents and build on the many other community investments CIBC has made in both the city and the province." CIBC will contribute $100,000 to each of the following:- Alberta Ecotrust Foundation - CIBC's support will assist Alberta Ecotrust in building partnerships that enable positive environmental action and impacts at the community level. This organization brings industry and environmental groups together in the unique collaborative role of grantmaker and capacity builder, helping grassroots groups implement innovative and meaningful projects across Alberta. - Big Brothers & Big Sisters of Calgary and Area - This funding will significantly impact Big Brothers and Big Sisters of Calgary's ability to support more children and youth to live active and healthy lives through the expansion of the Recreation Mentorship Program with the YMCA and other community services. - Youville Residence Society of Alberta - CIBC's support will assist Youville Women's Residence in meeting the physical, emotional, and spiritual needs of women seeking healing from violence, addiction, and mental health distress by participation in counselling and programming in a unique residential setting. Youville Women's Residence is a vibrant, dynamic model of holistic healing, growth and empowerment for these women and their families. In 2006, CIBC contributed to more than 75 community organizations in Calgary including: - Alberta Adolescent Recovery Centre - Alberta Cancer Foundation - Alberta Children's Hospital Foundation - Alberta Easter Seals March of Dimes - Alberta Shock Trauma Air Rescue Society - Between Friends Club - Boys and Girls Clubs of Calgary - Calgary Drop-In Centre Society - Calgary Learning Centre - Child Friendly Calgary - For the Love of Children of Alberta - Habitat for Humanity - Calgary - The Impact Society for Children - Junior Achievement of Southern Alberta - Kids Help Phone - Kids Up Front Foundation - Kids Cancer Care Foundation of Alberta - Ronald McDonald House - Society for Treatment of Autism - Southern Alberta Institute of Technology (SAIT) - United Way of Calgary and AreaIn addition, Alberta represents a rapidly growing part of CIBC's operations. In retail banking, CIBC expects to open, expand or relocate 15 branches in the province in the next five years. CIBC is committed to supporting causes that matter to its clients, employees and communities. CIBC aims to make a difference in communities the bank calls home through corporate donations, sponsorships and the volunteer spirit of employees. With a focus on youth, education and health, and employee commitment to causes including the Canadian Breast Cancer Foundation CIBC Run for the Cure, the United Way and the CIBC World Markets Children's Foundation, CIBC is investing in the social and economic development of communities across the country. In 2006, the CIBC group of companies contributed more than $36 million globally to charitable and non-profit initiatives. Of this, $28 million was invested in Canada to support national, regional and local organizations.
For further information:
For further information: Rina Cortese at (416) 980-7458