CIBC Foundation / Fondation CIBC

The CIBC Foundation / Fondation CIBC, registered under business number 119303329RR0001, is a charitable organization dedicated to advancing social and economic equity. It operates as part of the CIBC Group of Companies, a leading Canadian financial institution. The foundation is registered with the Canada Revenue Agency (CRA), ensuring compliance with all necessary charitable requirements.

Mission and Activities

The CIBC Foundation's main activity involves distributing contributions from CIBC and its subsidiaries to various charitable organizations. Its mission focuses on creating greater access to opportunities for underserved communities, particularly in areas such as employment outcomes and education[4][5].

Key Focus Areas:

• Supporting Cancer Initiatives: The foundation invests in initiatives that help combat cancer and support those affected by it.
• Championing Inclusive Communities: Efforts are made to promote inclusivity by supporting organizations that help individuals achieve their full potential.
• Investing in Financial Education: The foundation supports initiatives that enhance financial literacy and skills, empowering individuals to manage their financial resources effectively.

Impact and Partnerships

The CIBC Foundation partners with numerous national and local organizations, aiming to make a positive impact in Canadian communities. Examples of partnerships include organizations like Community Living Toronto and Ronald McDonald House Charities Canada, which help provide critical support and opportunities to those in need[3].

Governance and Structure

While specific governance details are not outlined, the foundation's activities are guided by the overarching values of CIBC, emphasizing community support and social equity. The foundation's structure is integrated within the broader corporate responsibility framework of CIBC, ensuring a cohesive approach to community engagement.

Recognition and Registration

As a registered charity, the CIBC Foundation complies with all relevant CRA regulations and maintains its charitable status through ongoing contributions to worthy causes across Canada[5].

Conclusion

The CIBC Foundation / Fondation CIBC plays a significant role in fostering social and economic equity within Canadian communities. Through its dedicated focus on education, inclusivity, and community support, it continues to reflect CIBC's commitment to creating a more prosperous and equitable society.

[1] https://www.cibc.com/en/about-cibc/corporate-profile/quick-facts.html [2] https://www.cibc.com/en/about-cibc/corporate-responsibility/community-and-sponsorship/funding-guidelines.html [3] https://www.cibc.com/en/about-cibc/corporate-responsibility/community-and-sponsorship.html [4] https://www.charitydata.ca/charity/cibc-foundation-fondation-cibc/119303329RR0001/ [5] https://www.canadahelps.org/en/charities/cibc-world-markets-childrens-miracle-foundation/