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Alan Greenspan, U.S. Federal Reserve Chairman, refers to education as a “capital investment,” because education feeds innovation, and innovation lies at the heart of a nation’s competitive and economic success. At RBC Financial Group, we believe this is true. Giving to learn But we’re extending our support to younger students too. In 2003, for example, the RBC Foundation supported TVOntario’s Ask a Teacher Web site, a resource that not only provides practice questions and tests in math, science and literacy, but even provides real-time access to teachers who provide one-on-one homework help. As part of ensuring that youth have the skills and knowledge for a prosperous future, RBC also supported Actua’s National Bursary Program with a $75,000 donation. Actua is a network of 28 organizations that promote scientific and technical literacy among young Canadians. A global reach The internship program at TIG is built on the common mission of the three partners – RBC, TIG and Career Edge – to support young Canadians in achieving their goals and finding meaningful careers that give back to their local communities and strengthen the global community. RBC has sponsored a total of 16 interns in Canada through TIG. Role models RBC Dain Rauscher also supported youth and education initiatives in 2003 with grants, such as $10,000 to a diversity program offered by the Boys and Girls Club in Milwaukee, Wisconsin, and $4,500 to the Career Launch program in Bellingham, Washington. Support goes beyond the financial; for example, RBC’s Steve Alvord devotes one to two hours a week to help coach football, basketball or baseball, depending on the season. |
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A skill for life To encourage these students to make informed decisions concerning their future educational and career plans, we also launched the RBC Royal Bank Financial Lifeskills Scholarship Award. In 2003, the inaugural awards were given to 10 Canadian high school students. Each received $2,003 to use for tuition, books or any other school-related expense. Ten more scholarships will be awarded for the 2004–05 school year. Seminar materials are available free of charge to educators by calling 1-866-363-1722. Information about seminars and scholarships can also be found at rbcroyalbank.com/lifeskills. Real life insurance help Tips for parents and students For more information, visit rbcroyalbank.com or rbccentura.com A new take on the university experience Adult Connections in Education (ACE) is a unique program where adults with intellectual disabilities can attend classes at the University for 28 to 30 hours a week. Classes are designed to reflect their individual needs, interests and abilities, and students participate in class discussions, complete assignments and write exams and term papers like other students during the fall/winter and spring semesters. Once the spring semester wraps up, students are then placed at an employment position of interest to them. Job placements are facilitated by ACE staff and are a requirement of the program. In 2003, the RBC Foundation donated $150,000 over five years to ACE. |
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An investment in young people and education is one of the best investments a company can make to ensure the future prosperity of our communities. Forty years – and counting – with
4-H RBC announced a $250,000 commitment over five years to support the program, which provides youth with travel opportunities to other Canadian provinces. “The RBC Royal Bank 4-H Interprovincial Exchange has been a highlight in the life of thousands of 4-H members since 1963,” says Mary-Ann Carson, president of the Canadian 4-H Council. “We are excited about the renewal of the program, especially during the 90th anniversary of 4-H in Canada.” Food to learn on That’s why employees in the Kitchener-Waterloo and Guelph regions of Ontario give their time to contribute to Breakfast for Learning. More than 60 schools and 15,000 children take part in the program, which provides nutritious breakfasts and snacks. RBC has contributed to Breakfast for Learning for six years. In addition to donating their time before classes start, employees have also organized and taken part in fundraisers such as golf tournaments and silent auctions. As a result, Breakfast for Learning received well over $50,000 from RBC and employees in 2003. Typical of employees elsewhere who also believe in the importance of breakfast, a group in Portage la Prairie, Manitoba, visits schools twice a week to serve breakfast as part of the North Memorial School Breakfast Program. Bahamas support “This is a very positive program for students in financial need,” says Dr. Brenda Cleare, principal of the Bahamas Baptist College, one of the three participating schools. The grants are of particular help to students from the Family Islands who must pay housing costs in addition to tuition fees. RBC also supports the Lyford Cay Foundation, which provides scholarships for Bahamian students attending college in Canada and the United States. For more information on how RBC supports education, visit rbc.com/community |
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