New initiative with The Walrus to support digitally-focused black journalists announced as part of pledge
TORONTO, March 7, 2022 /CNW/ – CIBC today announced that the CIBC Foundation is now accepting applications for charitable funding. Aiming to break down the boundaries of ambition and create greater access to opportunity, the CIBC Foundation will highlight applications from organizations that improve access to education and employment outcomes for underprivileged communities. served, with particular emphasis on retraining, upskilling and bridging the digital divide. .
The CIBC Foundation will assess each organization’s application based on their alignment with these priority areas and their plan to have a meaningful impact in the communities they serve through the creation of social and economic opportunity.
“Through the CIBC Foundation, we demonstrate our purpose in action by supporting causes important to our clients and our communities,” said Harry Culham, Group Head, Capital Markets, CIBC, and Co-Chair, CIBC Foundation. “We are excited about this new chapter and look forward to contributing to the achievement of the stated goals of organizations that share our collective ambition to increase education access and employment outcomes across the country. »
Launched in November, the CIBC Foundation builds on the bank’s rich history of supporting its communities and demonstrates its commitment to helping create a world without limits of ambition. In 2021, CIBC made donations totaling $70 million towards the foundation, with growth plans for $155 million over time to further contribute to social impact initiatives as part of its broader ESG commitments.
As part of this commitment, the CIBC Foundation is also announcing today a new one-year digital fellowship for emerging black journalists through The Walrus, one of from Canada major non-profit media organizations. The initiative involves the creation of a new digital-focused position at The Walrus for an early-career black journalist, who will be trained by their talented team on the skills and tools needed to conceptualize, develop and produce storytelling in a variety of digital media. media.
“We are thrilled to partner with the CIBC Foundation to launch this new scholarship,” said Jennifer Hollet, Managing Director of The Walrus. “This is the second program set up by The Walrus to support the rise of black journalists in Canada. This scholarship is another step towards building a more inclusive media landscape in the country. We are delighted to announce the call for applications and to soon welcome a new Digital Fellow to The Walrus team.”
“Supporting communities has been an integral part of our bank’s truly caring culture for 155 years and counting, and this is the next phase of that ongoing commitment,” said Sandy Charman, Group Head, People, Culture and Brand, CIBC, and Co-Chair, CIBC Foundation. “As we move toward our goal of collectively advancing social and economic equity for underserved communities, we are proud to support The Walrus and the next generation of black journalists through this unique scholarship program.”
Other recent commitments the bank has made through the CIBC Foundation include the new Black Entrepreneur Program (BEP) announced last January, in partnership with the Black Opportunity Fund (BOF). As part of this commitment, the CIBC Foundation donated $2 million to BOF to provide non-repayable loans to Black entrepreneurs at different stages of business planning to help them develop their knowledge and skills, and succeed.
The CIBC Foundation is building on the bank’s existing efforts to support cancer initiatives, invest in financial education and raise money for children 13 and under as part of CIBC Miracle Day .
Organizations can learn more about funding eligibility by reviewing the Donations and Sponsorships Funding Guidelines here and can submit applications through the portal here.
In line with its ESG strategy and commitments, CIBC strives to build equitable and resilient communities with the goal of creating more opportunities for underserved and underrepresented groups through partnerships, employee activities and his own leadership and actions.
CIBC is a leading North American financial institution with 11 million personal, commercial, public sector and institutional banking customers. Through corporate giving, community partnerships and the truly caring culture of Team CIBC, we are committed to helping people and our communities realize their ambitions. Learn more about our community impact. Current press releases and more information about CIBC are available at https://www.cibc.com/en/about-cibc/media-centre.html.
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The Walrus inspires new thinking and sparks conversations on issues vital to Canadians. As a registered charity, we publish independent, factual journalism in The Walrus and on thewalrus.ca; we produce national idea-driven events, including our flagship series The Walrus Talks; and we train emerging professionals in nonprofit publishing and management. The Walrus is invested in the idea that a healthy society depends on informed citizens.
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