Multi-year investment part of CIBC's legacy as lead partner of TORONTO
2015 Pan/Parapan AM Games
TORONTO, June 21, 2013 /CNW/ - CIBC (TSX: CM) (NYSE: CM) - To mark
National Aboriginal Day, CIBC today announced a multi-year, $1 million
investment in programs for Aboriginal children and youth, as part of an
overall commitment to legacy initiatives as lead partner of the Toronto
2015 Pan/Parapan Am Games.
Today's announcement includes support for Motivate Canada's GEN7 program
that pairs Aboriginal youth with role models and encourages them to
lead healthy, active lifestyles while contributing to the betterment of
their communities. These youth will work together to develop community
projects to increase participation in sports and recreation.
"When you are chasing your dreams - no matter how big or small - it's
great to have support from your community," said Mary Spencer, a Pan
Am, three-time world and nine-time Canadian champion boxer and a
Motivate Canada GEN7 mentor. "The organizations that CIBC is investing
in offer amazing programs that will have a lasting impact in helping
our Aboriginal young people succeed."
The $1 million also includes funding commitments to some of CIBC's
existing Aboriginal partners for programming in support of children and
youth including Indspire, Frontiers Foundation, Boundless Adventures,
Canadian Feed the Children, Let's Talk Science, and Save the Children
"CIBC is proud to support Canada's Aboriginal community, which has
helped to shape our country into the compassionate and prosperous
nation we are today," said Richard Nesbitt, Chief Operating Officer,
CIBC. "We are thrilled that as part of the $1 million investment we are
announcing today, our new relationship with Motivate Canada will
provide strong role models to inspire Aboriginal young people to live
healthy, active lifestyles so they can reach their full potential."
"CIBC is investing in vital programs that will help Canada's Aboriginal
Community - the next generation of Aboriginal leaders - continue to
thrive and grow," said Ian Troop, President and CEO of TO2015.
Today's announcement follows yesterday's introduction of the first three
annual winners of the CIBC Youthvision Scholarships with a new athletic
and sport component that will be awarded over the next 10 years in
support of the legacy of the 2015 Games. When combining this new $1
million commitment to the programming announced above, CIBC is
investing $2 million in Canada's young people as lead partner of the
TO2015 Pan/Parapan Am Games.
CIBC is a leading North American financial institution with 11 million
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products and services through its comprehensive electronic banking
network, branches and offices across Canada, and has offices in the
United States and around the world. You can find other news releases
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For further information:
Media contact: Roderick Cumming, Senior Director, Communications & Public Affairs, CIBC, 416-304-5567.