Flagship education program includes tuition grant for four years and
summer internships for six years
BRITISH COLUMBIA, June 18, 2012 /CNW/ - CIBC (TSX: CM) (NYSE: CM)
announced today that five Grade 10 students from British Columbia have
been awarded CIBC Youthvision Scholarships, valued at up to $38,500
CIBC Youthvision targets high-potential young people who might not
otherwise have the opportunity to pursue a university or college
education by supporting them as they complete high school and in
funding their post-secondary education.
Scholarship winners receive up to six summer internships through the
YMCA that begin right after Grade 10 and up to $4,000 annual
contribution towards tuition for four years.
"Through programs such as CIBC Youthvision scholarships, CIBC is
investing in Canada's children and young adults so they can build a
better future. The CIBC Youthvision Scholarship provides the winners
with financial stability allowing them to focus on their educational
goals," says Sharon Mathers, Senior Vice-President of Communications &
Public Affairs, CIBC. "On behalf of CIBC, I congratulate these five
B.C. young people and this year's other 25 scholarship recipients and
wish them every success in achieving their academic goals."
The recipients are:
Paloma Llerena Carrion
Eric Leonard Vila
The CIBC Youthvision Scholarship Program, now in its 14th year, has helped more than 420 young Canadians. Youthvision alumnus Andrew McLaren says, "The CIBC Youthvision Scholarship changed
everything. That is when my plans became concrete. It was no longer
about what I could afford or having to make do with what was close by.
It allowed me to realize my dream of becoming a teacher."
"Having a volunteer mentor such as a Big Brother or Big Sister inspires
young people to want to realize their goals and aspirations," says
Bruce MacDonald, President & CEO of Big Brothers Big Sisters of Canada.
Unfortunately inspiration alone isn't enough. This is why we are so
fortunate to have a partner like CIBC,"
"The CIBC Youthvision Scholarship Program has been helping young people
in our programs have the opportunity to strive for a brighter future by
attending post-secondary education. Time and time again we hear that
these young people would never have made it beyond high school without
the support of CIBC. For this we are eternally grateful," Says Bruce.
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 Kids, Cures and
Community, 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 2011, CIBC group of
companies contributed over $35 million to charitable and non-profit
initiatives in Canada to support national, regional and local
organizations. To learn more, visit www.cibc.com.
About the CIBC Youthvision Scholarship Program
Each year the CIBC Youthvision Scholarship program commits more than $1
million to make post-secondary education dreams a reality for youth-in
need, ultimately helping to break the cycle of poverty in their family.
Now in its 14th year, this one-of-a-kind program has already helped 420 students and
committed over $14 million. To be eligible, Grade 10 students must be
enrolled in a mentoring program with Big Brothers Big Sisters of Canada or the YMCA. Students receive ongoing mentoring from either Big Brothers Big
Sisters of Canada or the YMCA until they graduate from their
post-secondary education. In addition to the scholarships, each of
these students will take part in CIBC Money Smarts for Students Seminar
helping them shape their financial futures as they prepare to head off
to college or university. For more information visit www.cibc.com/youthvision
Tweet: #cibcyouthvision @cibccommunity
For further information:
For more information and to interview the scholarship winner, Big Brother Big Sister representative, or CIBC representative, please contact:
Sean Hamilton, Director, External Communications & Media Relations
firstname.lastname@example.org | T 416-304-8456
Erin Truax, Senior Manager, Community Investment
email@example.com l T 403 974 6300 l C 403-819-7977