LONDON & WATERLOO, ON, Sept. 16, 2011 /CNW/ - Fourteen (14)
youth-initiated community projects received much-needed funding as
Libro Financial Group announced recipients of the 2011 Community
Builder Grant Program valued at $357,193.
"We created the Community Builder program to give young people an
opportunity to shine," says Theresa van Koeverden, Chair of Libro's
Community Investment Advisory Panel. "Libro supports youth leadership
development and career skills, we engage them in their communities, and
their communities are better off as a result. We're all better off as a
result. The creativity and passion they bring to these projects pays
off now and sets up a future I feel pretty good about."
Each year Libro sets aside a percentage of profits for the Community
Builder Grant Program. The main focus is to support youth initiated
projects with a goal to establish stronger communities. The end result
of each project should be sustainable long term without ongoing
financial support from the credit union. Because Libro is owned by its
customer-owners, their priorities are always reflected in the
allocation of grant money.
COMMUNITY BUILDER GRANT RECIPIENTS
Three regional Corporate Community Builder grants :
Youth Opportunities Unlimited YOU Made it Café, London
Sarnia Sea Cadets Nautis Program
Future Possibilities for Kids, London-Stratford-Kitchener-Waterloo
Fourteen local Branch grants :
Ilderton Agricultural Society
The Food Bank of Waterloo Region
Limberlost Chaplaincy and Community Centre,
Kitchener-Waterloo Counselling Services Inc.
mindyourmind program, London
Trudeau F.I. Parent Teacher Association,
University of Waterloo
Talbot Trail Place, Blenheim
Gorrie Hall Board
Inn of the Good Shepherd, Sarnia
Technical Training Group, Stratford
Watford Optimist Club
F.E. Madill Secondary School, Wingham
The remainder of Libro's community investment funds were disbursed
between high school academic scholarships and the Co-operative Young
Leaders (CYL) camp program.
"We've invested $2.3 Million into Community Builder Grants over the last
six years," says Harry Joosten, Libro's Corporate Secretary. "Every
dollar we invest creates a slightly better future for the entire
region. The applications keep increasing, the projects keep getting
better; the demand is obviously there and it's exciting for us to make
this kind of contribution so close to home."
LIBRO COMMUNITY BUILDER SCHOLARSHIP
In 2012 Libro will be distributing 10 scholarships of $3,000 each to
successful applicants in the brand new Libro Community Builder
Scholarship program. Open to youth ages 17-25, applicants will be
required to describe how they have developed leadership skills while
participating and leading community development projects in a 300- 500
word essay-type answer. They also require a transcript of marks
supporting an average of C+ or greater, proof of enrollment in a
post-secondary program, they must be a Libro owner and exemplify the
motivation necessary to make a difference. The application process will
begin in April 2012 and recipients will be publicly announced along
with the Community Builder grants in September 2012.
CALL FOR COMMUNITY BUILDER APPLICATIONS FOR 2012
Libro is looking for next group of exceptional youth to make a
difference in their local community by applying for a 2012 Community
The program has two levels of funding:
Branch Grants: supported by each Branch Council and provides $5,000 to
$10,000 in support of youth initiatives per year, which they can extend
over three years or partner with other branches to support larger
projects. For example, if two branches partnered on a project over
three years, they could commit a total combined amount of $60,000.
Corporate Grants: Libro's Community Investment Advisory Panel will make
recommendations to the Board of Directors regarding approval of larger
projects that are strategic to the communities in southwestern Ontario.
These projects will be in the range of $20,000 to $150,000 per year and
can also span three years.
The application deadline for this year is March 15, 2012. See www.libro.ca for the application and grant guidelines.
"We are very satisfied with how the Community Builder Grant Program has
helped shape confident youth and encourage positive development in the
community. After six years of successful investments in youth
initiatives we look forward to the continued involvement of youth in
our communities through future grants and determined candidates," says
Janet Taylor, Libro's Governance Specialist.
Libro Financial Group is southwestern Ontario's full-service credit
union operated by a community of owners and open to everyone. With
56,000 owners and more than 1.9 billion in assets under administration,
Libro delivers a full range of chequing, savings, investment, RRSP,
insurance and loan products along with financial coaching and advice
for consumers, and farm and business owners. Libro has been operating
for 60 years and has 15 branches in southwestern Ontario. Owners have
access to a surcharge-free network of 2,500 ATMs across Canada. For
more information, see www.libro.ca.
Image with caption: "Theresa van Koeverden, Chair of Libro Financial Group's Community Investment Advisory Panel, presents a $20,000 cheque to Michele Sands, Future Possibilities for Kids Program and Development Manager. Future Possibilities for Kids is among 17 organizations in southwestern Ontario that received a total of $357,000 in Libro Community Builder Grants. (CNW Group/Libro Financial Group)". Image available at: http://photos.newswire.ca/images/download/20110916_C4087_PHOTO_EN_3375.jpg
SOURCE Libro Financial Group
For further information:
Vice President Brand
Libro Financial Group
Phone: 519-672-0130 x4328