Unique $10 million program makes post-secondary education possible for young people who might not otherwise have the opportunity; includes six summer internships and tuition for four years
TORONTO, June 9 /CNW/ - Today, 30 Grade 10 students from coast to coast are on their way to securing a post-secondary education as recipients of this year's CIBC Youthvision Scholarships, valued at up to $36,000 each. This one-of-a-kind program has already helped 330 previous winners fulfill their academic aspirations in the last 10 years from a multi-year $10 million commitment from CIBC.
Early intervention in Grade 10 makes this scholarship program unique in Canada. CIBC Youthvision targets high-potential young people who might not otherwise have the opportunity to pursue a university or college education. The scholarship supports them in completing both their high school and post-secondary studies.
"Winning the CIBC Youthvision Scholarship means a lot to my family and me because now my mother doesn't have to worry about where the money is going to come from when it's time for me to go to college or university," said Raquel Simpson of Scarborough. "I'm happy that I can now fulfill my goals of what I want to be and not wonder how I'm going to get there."
To be eligible, Grade 10 students must be enrolled in a mentoring program with Big Brothers Big Sisters of Canada or the YMCA.
Winners of the CIBC Youthvision Scholarship receive six summer internships through the YMCA that begin right after Grade 10, valued at up to $20,000; and tuition for four years, valued at up to $16,000. They also receive ongoing mentoring from either Big Brothers Big Sisters of Canada or the YMCA until they graduate from their post-secondary education.
A comprehensive independent study of the first 10 years of the CIBC Youthvision Scholarship program revealed that early intervention relieves financial stress, and builds confidence and self-esteem. It also encourages independence, enabling students to do more in-depth life and educational planning. Ultimately, the scholarship motivates them to do better. Most graduate recipients of the program have gone on to continue or attain higher levels of education after their undergraduate or college degrees.
"On behalf of CIBC, I congratulate this year's 30 new scholarship recipients and wish them every success as they work to achieve their academic goals," said Gerry McCaughey, CIBC's President and Chief Executive Officer. "I am confident that they, like the hundreds of CIBC Youthvision Scholarship recipients before them, will use this support to go on to post-secondary education and then on to successful lifelong careers."
In addition to their individual CIBC Youthvision Scholarships, Ms. Nawras Ottawa-Sabih of Hamilton is also the recipient of the 2010 Neil Morgan Volunteer Award for exemplary voluntary contributions to her community. Ms. Alita Mann of Saskatoon is this year's winner of the Ted Medland Achievement Award for attaining the highest academic achievement of this year's group of CIBC Youthvision Scholarship winners.
Liam LaTouche received the CIBC Youthvision Scholarship in 2001 and graduated in 2007 from the University of Western Ontario with an Honours Bachelor of Science Specialization in Kinesiology. "The CIBC Youthvision Scholarship opened so many doors for me," he said. "It gave me the chance to grow as a person and along the career path I always dreamed of. I knew I wanted to go to university to get where I wanted to be, but I didn't have the means to go. I would have had a ton of debt from student loans. Getting the scholarship was so overwhelming. It gave me the chance to leave home and tailor my career path towards sports medicine by studying at Western, which has propelled me in my field."
CIBC is committed to supporting causes that matter to our clients, 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, the CIBC Children's Foundation and United Way, we are investing in the social and economic development of communities across the country. In 2009, $26.8 million was contributed through the CIBC group of companies to charitable and non-profit initiatives in Canada, supporting a wide variety of national, regional and local organizations. To learn more, visit www.communitymatters.cibc.com.
Note to City/News Editors: List of 2010 recipients is below. Local news releases also will be issued announcing local CIBC Youthvision Scholarship winners. Where available, hi-res photos of the recipients will accompany these releases
Recipients of the 2010 CIBC Youthvision Scholarship
Vancouver Ms. Alice Granados
Vancouver Ms. Sara Sklyarenko
Victoria Ms. Rachel Malcolm
Calgary Ms. Tuyet Tran
Edmonton Mr. Giorgio Dechambre
Saskatoon Ms. Alita Mann (Ted Medland Award)
Winnipeg Ms. Tori Brown
Winnipeg Mr. Anthony Pasko
Winnipeg Mr. Keinaan Sudi
Alymer Ms. Susie Klassen
Cobourg Mr. Connor Creer
Grimsby Ms. Emma-Irene Davies
Grimsby Mr. Matt Macpherson
Hamilton Ms. Nawras Ottawa-Sabih (Neil Morgan Award)
London Mr. Meran Mahir
Ottawa Ms. Zeinab Adoyta
Ottawa Ms. Robyn Bidgood
St. Catharines Ms. Aaryn Murray
Stayner Ms. Mariah Ekman
Strathroy Mr. Jordan Thompson
Toronto (Etobicoke) Mr. Spencer Craig
Toronto (Scarborough) Ms. Mardaina Daley
Toronto Ms. Hanna-Ruth Desalines
Toronto (Scarborough) Ms. Nirusha Jebanesan
Toronto (Scarborough) Ms. Raquel Simpson
Prince Edward Island:
Charlottetown Mr. Billy Knockwood
Halifax Ms. Afsa Shaban
Halifax Mr. DJ Welsh
Mount Pearl Ms. Danielle Henley
St. John's Ms. Katherine Casey
For further information: For further information: To interview the recipients or for more information, please contact Doug Maybee, Director of Media Relations, CIBC at (416) 980-7458 or firstname.lastname@example.org