News Releases
Back
CIBC donates $1 million to CAMH, Canada's leading addiction and mental health teaching hospital
TORONTO, Feb. 19 /CNW/ - CIBC (CM: TSX;NYSE) - CIBC today announced a donation of $1 million to the Centre for Addiction and Mental Health (CAMH), Canada's leading addiction and mental health teaching hospital. The donation, to be paid over 10 years, will support CAMH's Transforming Lives capital campaign, which will bring to life CAMH's visionary redevelopment and a new model of client care. "With one in four Canadians being affected by mental illness or addiction, often young Canadians aged 15 to 24, it is clear that this is an important issue in our society," said Christina Kramer, CIBC Executive Vice-President, Retail Markets. "Unfortunately, these illnesses still have a social stigma, often preventing people from openly seeking treatment." Vulnerable youth with mental illness and addiction problems for whom no inpatient services currently exist in Toronto will be better served once the redevelopment of CAMH's Queen Street facilities are complete. "As CIBC has a strategic focus on youth, we were drawn to CAMH because of the innovative and effective programming they offer to children and young people," added Ms. Kramer. CAMH's Youth Addiction Services REACH Day Treatment program is just one example. The program assists youth, their families and service providers with innovative ways to recover from addiction, and works with the Toronto District School Board to provide a comprehensive academic curriculum that balances education with recovery. "We thank CIBC for the vision and leadership they have shown in supporting CAMH," said Dr. Paul Garfinkel, CAMH's President and CEO. "Their gift will help enhance the delivery of programming that we offer to youth. CIBC's gift will play an important role in transforming our facilities at our Queen Street site and the way the world views and treats mental illness and addiction." CAMH is Canada's leading addiction and mental health teaching hospital. CAMH succeeds in transforming the lives of people affected by addiction and mental illness by applying the latest in scientific advances through integrated and compassionate clinical practice, health promotion, education and research. To learn more about the work of the CAMH Foundation, visit www.supportcamh.ca. 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
For further information:
For further information: Doug Maybee, Director, External Communications and Media Relations, CIBC, (416) 980-7458, doug.maybee@cibc.com; or Jean Geary, Director of Communications, CAMH, (416) 535-8501 ext. 4395, jean_geary@camh.net