TORONTO, June 21 /CNW/ - BMO Capital Markets, the investment and
corporate banking arm of BMO Financial Group (TSX, NYSE: BMO), announced it
has made a donation of $262,500 to the Foundation for the Advancement of
Aboriginal Youth (FAAY), through its Equity Through Education charitable
program, in celebration of National Aboriginal Day.
National Aboriginal Day was proclaimed in 1996 so that all Canadians
could share and experience the cultures of Indians, Inuit, and Métis in
Canada. Many Aboriginal groups mark June 21st as a time to celebrate their
heritage. National Aboriginal Day also supports initiatives to commemorate the
International Decade of the World's Indigenous Peoples.
"BMO Capital Markets has made a tradition of celebrating National
Aboriginal day as part of our commitment to diversity and to our corporate
values," said Eric Tripp, Co-President, BMO Capital Markets and Campaign Chair
of the special trading day. "We're excited that this donation will assist more
than 30 scholars in their educational pursuits."
FAAY is a scholarship and bursary program operated by the Canadian
Council for Aboriginal Business (CCAB) dedicated to developing the next
generation of aboriginal leaders. By encouraging youth to stay in school, FAAY
bridges the gap between the reality aboriginal youth face in their communities
and the opportunities available to those with higher education. Since the
launch of the program in 2005, Equity Through Education has donated nearly
$690,000 to FAAY.
"The efforts of companies like BMO Capital Markets are helping
extraordinary Aboriginal young people get a better start and build a better
Canada. Those efforts are telling them that somebody cares what happens to
them - and that gives them a tremendous boost as they get going in the world.
I am very grateful for the good work Equity Through Education is doing," said
Jocelyne Soulodre, President and CEO, CCAB.
About BMO Capital Markets' Equity Through Education Program
BMO Capital Markets founded the Equity Through Education program in 2005
to support and promote Education and Diversity. Each year, BMO Capital Markets
has selected a special trading day, whereby all institutional equity trading
commissions earned across North America are donated to seven organizations.
More than 1,300 individuals have benefited from the program through
scholarships, bursaries, mentoring programs and job search strategy forums.
For more information, visit www.bmocm.com/equitythrougheducation/default.aspx
About BMO Capital Markets
BMO Capital Markets, through its parent, BMO Financial Group, has a proud
tradition of supporting community reinvestment and corporate and social
responsibility to the communities it serves. In 2006, BMO Financial Group
pledged $2.9 million in new funding to 10 universities and colleges across
Canada. BMO Financial Group contributed more than $40 million in corporate
donations, sponsorships and events in 2006, supporting thousands of
communities, charities and not-for-profit organizations in Canada and the
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For further information:
For further information: Kim Hanson, Toronto, email@example.com, (416)