Libro Financial Group donates $357,000 to local youth initiatives

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.


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

Kitchener-Waterloo YMCA
Trudeau F.I. Parent Teacher Association,
St. Thomas
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."

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.

Libro is looking for next group of exceptional youth to make a difference in their local community by applying for a 2012 Community Builder grant.

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 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


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:

SOURCE Libro Financial Group

For further information:

Tania Goodine
Vice President Brand
Libro Financial Group
Phone: 519-672-0130 x4328
Cell: 519-871-0162

Organization Profile

Libro Financial Group

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890