One-of-a-kind scholarship celebrates 15 years and 450 lives changed
REGINA, June 27, 2013 /CNW/ - CIBC (CM: TSX) (CM: NYSE) announced today
that Grade 10 student Sara Lavoie has been awarded the CIBC Youthvision
Scholarship, valued at up to $38,000. This year marks the 15th anniversary of the one-of-a-kind scholarship, which in partnership with
Big Brothers Big Sisters and the YMCA, has changed the lives of over
450 young people.
CIBC Youthvision helps high-potential young Canadians who might not
otherwise have the financial ability to pursue a college or university
education. This unique program provides scholarships to students in
Grade 10, which is when many at-risk kids lose focus at school due to
peer pressure, lack of role models and financial pressures. The
scholarships provide tuition support, six years of paid summer
internships and dedicated mentoring through the YMCA or Big Brothers
Churchbridge Public School student Sara Lavoie, one of 33 scholarship
recipients this year, explains how it feels to pursue an education
without worrying about her finances.
"It feels like a huge weight has been lifted off my shoulders" says
16-year-old Sara. "Now I not only have a plan to go to college, but I
now have a scholarship to back me up. It really just feels like
everything is falling into place."
Sara recently attended CIBC's first-ever Youth Forum in Toronto, where
past recipients, their mentors and families and a panel of experts
gathered to examine the issues youth face while pursuing their academic
goals. A video archive of the webcast is available at https://webcasts.welcome2theshow.com/cibc2013scholar
"CIBC Youthvision is, and has always been, about investing in Canada's
young people so they can reach their full potential and build a better
future for themselves and their families," says Tom Weber, CIBC Region
Head in Central Canada. "On behalf of CIBC, Big Brothers Big Sisters
and the YMCA, I extend my congratulations to these exceptional
scholarship recipients and wish them every success on achieving their
academic, personal and life goals."
Scholarship winners receive up to six paid summer internships through
the YMCA that begin right after Grade 10, and annual contributions
towards tuition for four years.
Over the past 15 years, CIBC has invested more than $170 million in
programs to support children and youth-in-need.
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 2012, CIBC group of
companies contributed more than $38 million to charitable and
non-profit initiatives in Canada to support national, regional and
local organizations. To learn more, visit www.cibc.com.
Tweet: #cibcyouth @cibc
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 15th year, this one-of-a-kind program has already helped over 450 students
and committed over $15 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
In addition to the 30 students who receive the scholarship annually,
beginning in 2013, three additional scholarships have been awarded to
students showing exceptional athletic potential, as part of CIBC youth
legacy commitment as the Lead Partner of the 2015 Pan Am and Parapan Am
Along with the scholarship, each student participates in a CIBC Money
Smarts for Students Seminar and a mentoring session with CIBC
professionals to help them shape their financial and professional
futures. For more information visit www.cibc.com/youthvision
CIBC Digital Youth Forum on Academic Success in Toronto
In celebration of CIBC Youthvision's 15th anniversary, scholarship recipients attended a first-ever digital CIBC
Youth Forum on Academic Success on June 20 in Toronto. Moderated by MTV
Host Aliya-Jasmine Sovani, the forum connected recipients, their
families and mentors from the past 15 years with a panel of experts to
discuss issues youth face while pursuing their academic goals.
Panellists included: Dr. Joanne Cummings of PREVNet; Adam Van
Koeverden, Pan Am Athlete; Jamie Golombek, CIBC; Megan Thomas, YMCA
York Region Employment and Community Services; Pattie Lovett-Reid, CTV
Host; and Eugenia Canas of MindYourMind.
*An archive of this webcast is available at https://webcasts.welcome2theshow.com/cibc2013scholar Password: CIBC
A Word from CIBC Youthvision Partners:
Big Brothers Big Sisters of Canada - "Having a volunteer mentor such as a Big Brother or Big Sister inspires
young people to realize their goals and aspirations. Unfortunately
inspiration alone isn't enough. This is why we are so fortunate to have
a partner like CIBC," says Bruce MacDonald, President & CEO of Big
Brothers Big Sisters of Canada. "The CIBC Youthvision Scholarship
Program has been helping young people in our programs have the
opportunity to strive for a better 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."
YMCA - "These youth are a great example of how young people who are given the
chance to grow, learn and dream, can reach their full potential. With
a strong start on their path to higher education, they will each have a
great future," says Medhat Mahdy, President and CEO, YMCA of Greater
Toronto. "Our partnership with CIBC allows the YMCA to create a
supportive environment where young people flourish and build the
foundation for a healthy community."
Image with caption: "Grade 10 student Sara Lavoie of Saskatchewan celebrates winning 2013 CIBC Youthvision Scholarship. Sara is one of 33 Scholarship winners from across Canada who gathered in Toronto for a full-day inspirational event last week. The scholarship program is celebrating its 15th year and over 450 lives changed since 1999. (CNW Group/CIBC)". Image available at: http://photos.newswire.ca/images/download/20130627_C3816_PHOTO_EN_28589.jpg
For further information:
For more information and to interview the scholarship winner, YMCA or Big Brothers Big Sisters representative, or CIBC representative, please contact:
Roderick Cumming, Senior Director, Communications