Our Communities
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Our Communities As a leader in community investment, CIBC is committed to supporting causes that matter to our clients, our employees and our communities. We aim to make a difference through corporate donations, sponsorships and the volunteer spirit of our employees. With a strategic focus on youth, education and health, and employee support for causes including the Canadian Breast Cancer Foundation CIBC Run for the Cure, the CIBC Children’s Foundation and United Way, CIBC is investing in the social and economic development of communities across the country. “2009 marks the 13th year for CIBC as the title sponsor of the Canadian Breast Cancer Foundation CIBC Run for the Cure. The Foundation is proud of the partnership and the depth of commitment that has evolved with CIBC over the years. CIBC has encouraged and empowered its employees to support the Run through personal and corporate fundraising initiatives, as well as by taking on key volunteer roles in the execution of the event. We applaud their commitment as a champion of the cause and in supporting our vision of creating a future without breast cancer.“ Colleen Fleming CEO, Central Office Canadian Breast Cancer Foundation On October 4, 2009, more than 170,000 participants across Canada, including CIBC employees, family members and friends participated in the 18th annual Canadian Breast Cancer Foundation CIBC Run for the Cure. This year’s event raised $26.5 million to help create a future without breast cancer. 26 CIBC Annual Accountability Report 2009 Charitable donations by category in Canada Contributions in Canada ($ millions) 27 27 27 Youth – 29% Education – 23% 0 Health – 23% 07 08 09 United Way – 16% Other – 9% As a designated Imagine Caring Company, CIBC consistently exceeds With a strategic focus on youth, CIBC’s wholesale bank employees and 2008 Campaign the target of 1% of pre-tax profits – education and health, CIBC is making Co-chairs, Rita Caporiccio and Trevor Torzsas were the benchmark for corporate giving a difference in communities where our accompanied by Bloorview Kids Rehab Ambassador, established by Imagine Canada. clients and employees live and work. Anthony Tuttle, to ring the opening bell at the Toronto Stock Exchange on CIBC Miracle Day 2008. Through the generosity of employees and their clients, more than $3.1 million was raised from fees and commissions on CIBC Miracle Day to support hundreds of children’s charities across Canada. Public Accountability Statement Making a difference Canadian Centre for Child Protection is helping to reduce the In 2009, almost $27 million was contributed through the CIBC group victimization and exploitation of children across Canada. CIBC’s of companies to charitable and non-profit initiatives in Canada. Of investment will continue to raise awareness of the Centre and its safety this, close to $20 million was for charitable donations, supporting a initiatives to better educate children and parents about keeping their wide variety of national, regional and local organizations. To see children safe from sexual abuse and exploitation. examples of CIBC’s contributions to community organizations by CIBC has supported Child Find Ontario for many years, featuring province, see page 186. images of missing children on millions of credit card statement envelopes each year. This valuable program helps to increase awareness for missing Youth children cases, and also helps generate information to the Child Find Helping young people achieve their full potential is a priority. national tip line. CIBC Children’s Foundation Education The CIBC Children’s Foundation is a registered charity responsible for CIBC is investing in education. distributing funds raised on CIBC Miracle Day, and was founded on the belief that by working with our clients, employees and children’s CIBC Youthvision Scholarship Program charities, we can make a difference to children in need. Ten years ago, CIBC, in partnership with Big Brothers Big Sisters of On the first Wednesday of December each year, CIBC’s wholesale Canada and YMCA Canada, created this program to address the banking sales and trading professionals and CIBC Wood Gundy academic and financial needs of students by encouraging them to Investment Advisors donate their fees and commissions to support pursue post-secondary education. CIBC provides funding for charities dedicated to improving the health, well-being and education scholarships and internships to help young Canadians prepare for their of children. On December 3, 2008, CIBC Miracle Day raised more than future. Thirty scholarships, valued at up to $36,000 each, are awarded $3.1 million in Canada. Since its inception in 1984, Miracle Day has annually to Grade 10 students enrolled in mentoring programs with raised more than $190 million to benefit children in our communities these two community partners. In addition to tuition support, around the world. recipients may participate in summer internships at YMCA agencies In addition to CIBC Miracle Day, the CIBC group of companies across the country after completing Grade 10. This program represents contributed more than $4 million in 2009 to hundreds of initiatives a multi-year commitment of more than $10 million. To date, 330 CIBC that support mentoring, skills development, financial literacy training, Youthvision Scholarships have been awarded to deserving young nutrition and health, anti-bullying, youth shelters and programs for people across Canada. young people with disabilities. CIBC further contributes to the education of youth with an annual donation of $100,000 to the National Aboriginal Achievement Helping children and parents Foundation for bursaries and scholarships in post-secondary education. Ongoing support through a $1 million multi-year contribution to the CIBC’s total contributions of $1 million to date assist First Nations, Inuit CIBC Annual Accountability Report 2009 27 Canadian Breast Cancer Foundation CIBC Run for the Cure funds raised ($ millions) 28.5 26.5 26.5 0 07 08 09 CIBC Wood Gundy Investment Since its inception in 1986, CIBC clients and employees throughout British Columbia and Advisors Werner Imboden (left) and the Canadian Breast Cancer the Yukon Territories raised more than $405,000 during the Pierre Delisle (right), are pictured Foundation has invested 2009 BC Children’s Hospital fundraising campaign. This along with Pierre Bruneau, Vice- $170 million in breast cancer brings the total amount raised since 1995 to $5.5 million President of the Fondation Centre de research, education and which includes $1.3 million in corporate donations. cancérologie Charles-Bruneau. awareness programs. Werner and Pierre were “twinned” with Rosalie and Maxime who provided them with inspiration and motivation for the 600-kilometre bicycle trek across Quebec. and Métis students with their financial needs, helping them to pursue Helping women excellence in all academic disciplines. CIBC’s ongoing commitment of $1 million over seven years to the As well, CIBC continues to provide scholarship funding to the Canadian Women’s Foundation is helping low-income women become post-secondary education of children of fallen soldiers through its economically self-sufficient and break the cycle of violence. With leadership donation of $1 million over 10 years to Canada Company. funding from CIBC, the Canadian Women’s Foundation supports CIBC’s multi-year commitments to universities and colleges across programs that provide practical on-the-job training, skills development Canada total more than $16 million. Of this, approximately $7 million is and self-employment training that go beyond business basics to directed to bursaries and scholarships, helping students pursue post- address other essential aspects of women’s lives like building self- secondary studies. esteem, networking, mentorship and securing child care. CIBC is helping women in Alberta build for tomorrow by funding Helping newcomers to Canada Women Building Futures. Through skills and vocational training, women get CIBC has been a committed supporter of Skills for Change, a non-profit the tools they need to train for a new career, gain financial independence, organization providing learning and training opportunities for and change their lives in more ways than they ever imagined. immigrants and refugees in Toronto. For the past 17 years, we have been The Minerva Foundation for BC Women received funding from the lead sponsor of their New Pioneers Awards which honour CIBC to help women advance themselves by continuing their education. outstanding contributions by immigrants and refugees to the arts, The women they support are single mothers, mature women returning community service, entrepreneurship, science and technology, and youth. to the workplace after a long absence, women in non-traditional fields A multi-year donation from CIBC has assisted in the building of of study, as well as immigrant and Aboriginal women. the new Edmonton Rotary Centre for New Canadians which will provide short-term emergency and transitional housing for recently arrived refugees and immigrants along with access to social services. Ongoing funding to the Centre for Information and Community Services is enabling them to develop an Immigrant Resource Centre with a Youth Development Hub to help immigrant youth build self- confidence and skills through programs and training sessions. 28 CIBC Annual Accountability Report 2009 Employee as Ambassador Program participation (# of participants) 996 1,010 945 0 07 08 09 CIBC employees and retirees across