CIBC and Invest in Kids
As a corporation, the CIBC Group of Companies has a reach that extends worldwide, with 37,000 employees across the globe. With this in mind, it is astonishing that CIBC truly embodies the motto: “Think Globally, Act Locally.”
CIBC is committed to helping the young through its CIBC World Markets Children’s Miracle Foundation—the charitable trust responsible for distributing funds raised during their “Miracle Day” which takes place on the first Wednesday of December. Proceeds raised from that day are donated to Canadian children’s charities.
The program’s four key objectives include: raising the quality of life for children at risk and in need in the communities served by CIBC World Markets and CIBC Wood Gundy; demonstrating its dedication in helping to prepare Canadian children for future success; along with its clients, building awareness with audiences both internally and externally of the foundation’s commitment to children’s issues; and encouraging volunteerism and fostering community involvement on the part of its employees.
The Miracle Day Program, begun in 1984 has raised more than $147 million for children’s charities to date. Last year alone, their Miracle Day raised $17 million worldwide.
With the objectives in mind, CIBC believes Invest in Kids to be a good charitable partner match. To date, over $300,000 through the foundation, has been committed to Invest in Kids. CIBC also supports Invest in Kids’ signature fundraising events: Invest In Kids' Battle of the Brains and Invest in Kids' Celebrity Golf Classic.
CIBC continues to act locally through the work of their Senior Executive Vice-President and Chief Financial Officer, Tom Woods. Mr. Woods, who has spent his entire 35+ year career with CIBC, sits on the Invest in Kids Board of Directors. He also sits on the Board for The Canadian Opera Company, is Chairman of the Covenant House Board, and is a member of the De La Salle College Board.
All this work that CIBC has done, and continues to do, is part of its belief that by investing in a Miracle, they are investing in the future of their children and communities.