Major bank increases environmental investment in Alberta Ecotrust



    CALGARY, March 5 /CNW/ - CIBC, one of Canada's leading financial services
providers has announced that it will quadruple its investment in Alberta
Ecotrust Foundation to $100,000 in 2007. Celebrating its 140th anniversary,
CIBC held its annual meeting in Calgary last week where President and CEO
Gerry McCaughey identified Alberta Ecotrust as of one three recipients of a
$300,000 gift to Alberta charities. CIBC has been a partner of Alberta
Ecotrust since 2004 and has also confirmed it will continue in this role for
an additional three years.
    Wholly dependent on donations, this becomes the largest undesignated
annual gift in 15 years of operation for Alberta Ecotrust, a leading
environmental grantmaker and unique partnership between corporations and
environmental groups. Executive director Pat Letizia says, "This gift was
unexpected and means a great deal as it confirms the strength of our mandate
and collaborative approach. These dollars will be invested right back into
non-profit activities that lead to environmental improvement and protection
across Alberta."
    An anniversary year for Alberta Ecotrust as well, the foundation has been
providing grants for environmental projects since 1992 and has increased its
role in the community significantly since then. As a non-partisan
collaborator, Alberta Ecotrust works closely with all sectors to build the
capacity of non-profit groups and generally promotes the environment as a
foundation for healthy communities.

    In a time of increasing social consciousness about the environment,
Alberta Ecotrust hopes to build significantly on its ability to fund and
support community-based environmental initiatives. For information about the
partnership and the work it supports, visit www.albertaecotrust.com.




For further information:

For further information: Pat Letizia, Executive Director, Alberta
Ecotrust Foundation, Office: (403) 209-2256, Cell: (403) 554-2313,
pletizia@albertaecotrust.com

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ALBERTA ECOTRUST FOUNDATION

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