Education

CIBC is committed to investing in the education of Canada's youth.

Ten years ago, CIBC, in partnership with Big Brothers Big Sisters of Canada and the YMCA, created the CIBC Youthvision™ Scholarship Program to address the academic and financial needs of students, and to encourage them to pursue post-secondary education. This unique program includes a post-secondary scholarship valued at up to $36,000, as well as summer internships starting in grade 10 until the completion of university or college. CIBC Youthvision recipients are also paired with trusted, understanding mentors throughout the entire program, who provide support and guidance as they strive to reach their full potential. To date, we have committed $10 million to the dreams of 330 CIBC Youthvision Scholarship recipients.

CIBC contributes $100,000 each year to the National Aboriginal Achievement Foundation for bursaries and scholarship in post-secondary education. The funding assists First Nations, Inuit and Métis students with their financial needs, helping them pursue excellence in all academic disciplines.

As well, CIBC provides scholarship funding to support the post-secondary education of children of fallen soldiers through its leadership commitment of $1 million over 10 years to Canada Company.

CIBC and the YMCA of Greater Toronto joined forces to launch CIBC YMCA Access to Opportunity to help newcomers overcome barriers to settling in Canada. The new program has two parts: a series of seminars designed to provide the advice and information newcomers need to start banking in Canada, start a business and invest in their families' future; and a free job skills development program designed to connect qualified newcomers to employment at CIBC and in the financial services sector.

In 2008, CIBC and the Richard Ivey School of Business launched ReConnect: Career Renewal for Returning Professional Women with a commitment from CIBC of $1 million over five years. This program, a first of its kind in Canada, helps professional women to re-enter their careers after taking time out from the workforce.

CIBC's multi-year commitments to universities and colleges across Canada total $17 million. Of this, close to $6 million is directed to bursaries and scholarships to enable students to pursue post-secondary studies. Here are just a few examples of the post-secondary scholarships and bursaries that CIBC funds:

University of Ottawa CIBC Mentoring Scholarships recognize and reward full-time undergraduate students who have served as a volunteer mentor to other students through the University of Ottawa's Student Academic Success Service (SASS). The scholarships will eventually provide 18 students each year with a scholarship of up to $4,500 each year per student for their undergraduate tuition.

University of Waterloo awards six CIBC Scholarships annually, valued at $5,000 each, to undergraduate students enrolled in Co-op Computer Science or the Business Administration and Mathematics Double Degree Program. Each year two CIBC National Scholarships valued at $25,000 over 4 years, or $6,250 annually, are awarded to students entering the Faculty of Mathematics.

University of New Brunswick awards four CIBC Scholarships in Business Administration annually, valued at $2,500 each, to students enrolled in the Bachelor of Business Administration degree program. Two scholarships go to students on the Fredericton campus and two are awarded to students on the Saint John campus.

Bow Valley College, Calgary awards four scholarships annually, valued at $2,000 each, to students in Accounting and Financial Management, Financial Services and Business Administration.