CIBC donates $100,000 to Algonquin College in support of underrepresented students

Posted on Tuesday, June 25th, 2024

OTTAWA (June 25, 2024) – Algonquin College is pleased to announce a generous donation of $100,000 from CIBC, to be distributed over the next two years. This significant contribution will support student bursaries for students from the Black community, Indigenous students and students with disabilities. The bursaries will benefit those enrolled in the School of Business & Hospitality, School of Advanced Technology and School of Media & Design across all Algonquin College campuses.

CIBC’s commitment to this initiative underscores their dedication to causes that matter to their clients, employees and communities. By supporting these student bursaries, CIBC is helping to ensure that students from diverse backgrounds have the financial support they need to pursue their educational goals.

“CIBC aims to create a world without limits to ambition,” said Derek Curran, Market Vice President, Ontario East. “We’re committed to removing barriers that all too often stand in the way of success for many students from underserved communities. These bursaries will not only improve access to education but will empower the next generation of leaders and changemakers to make a lasting impact on the world.”

Mark Savenkoff, Vice President of Advancement & Strategy at Algonquin College, expressed his gratitude for CIBC’s generous support: “We are deeply appreciative of CIBC’s commitment to our students and their educational journeys. This donation will have a profound impact on the lives of many students, helping to remove financial barriers and allowing them to focus on their studies.”

This $100,000 donation will be utilized to provide bursaries that cover various expenses, ensuring that students can fully engage in their academic programs without the added stress of financial strain. The donation reflects a shared vision between Algonquin College and CIBC to support the next generation of leaders, innovators and professionals.

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For media inquiries:

Kim Blackburn
Communications Officer
Algonquin College
613-291-6581
blackbk@algonquincollege.com

About Algonquin College

The mission of Algonquin College of Applied Arts and Technology is to transform hopes and dreams into lifelong success. Algonquin College, an Ontario public sector community college, does this by offering hands-on, digitally connected, experiential learning in more than 250 programs. Algonquin College is the largest polytechnic institute in Eastern Ontario, with campuses in Ottawa, Perth, Pembroke and AC Online.


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