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. Since the inception of the program in 1998, 500 lives have been changed thanks to CIBC’s commitment to kids.
Over 200 Grade 10 students enrolled in a mentoring program with Big Brothers Big Sisters of Canada or the YMCA annually apply for the CIBC Youthvision Scholarship program, of which 30 are selected to receive $38,500 in combined work placements and tuition. The winners receive six summer internships through the YMCA that begin right after Grade 10 and a $4,000 annual contribution towards tuition for four years. They continue to receive ongoing mentoring from either Big Brothers Big Sisters or the YMCA until they graduate from their post-secondary education.
Leading up to the 2015 Pan-Am games, CIBC added three additional scholarships to support young, starting athletes.
CIBC’s flagship education program, CIBC Youthvision™, has been recognized by Imagine Canada as being an outstanding partnership between the business and voluntary sectors.