Grade 10 student from Victoria awarded CIBC Youthvision™ Scholarship
One-of-a-kind scholarship celebrates 15 years and 450 lives changed
VICTORIA, BC, June 27, 2013 /CNW/ - CIBC (CM: TSX) (CM: NYSE) announced today
that Daniel Scheffer from Victoria has been awarded the CIBC Youthvision
Scholarship, valued at up to $38,000. This year marks the 15(th) 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 youth 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 Big Sisters.
Claremont Secondary School student Daniel Scheffer, one of 33 scholarship
recipients this year, explains how it feels to pursue an education without
worrying about his finances.
"I have always wanted to be able to go to university but I have believed the
only way I would be able to afford it would be ascholarship" says
16-year-old Daniel. "I have been working part time for over two years now, and
I know with what I am making it would take much longer then expected to be
able to afford schooling. This scholarship is a major blessing to me and will
help mesucceedin what I want to do with my life."
Daniel 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
"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 Mike Stevenson, CIBC Region Head of
British Columbia and Northern Territories. "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
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
15(th) 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 post-secondary education.
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 Games.
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
CIBC Digital Youth Forum on Academic Success in Toronto
In celebration of CIBC Youthvision's 15(th) 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."
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 Roderick.Cumming@cibc.com |
Image with caption: "Victoria's Daniel Scheffer poses with fellow CIBC
Youthvision scholarship winners and new friends in front of CN Tower. Grade 10
scholarship winners from across Canada gathered in Toronto last week for a
full-day inspirational event to celebrate the program's 15th year and over 450
lives changed since 1999. L to R: BC's Anna Maria (Masha) Baeva, Daniel
Scheffer, Aziza Abdul Qader and Caitlyn Lyver from Ontario. (CNW Group/CIBC)".
Image available at:
Image with caption: "2013 CIBC Youthvision Scholarship winners from BC - L to
R: Anna Maria Baeva, Daniel Scheffer, Aziza Abdul Qader, Angela Winsu and
Bhanu Sharma. Grade 10 scholarship winners from across Canada gathered in
Toronto last week for a full-day inspirational event, which included an online
youth forum on academic success. The scholarship program is celebrating its
15th year and over 450 lives changed since 1999. (CNW Group/CIBC)". Image
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CO: Canadian Imperial Bank of Commerce
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-0- Jun/27/2013 14:44 GMT
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