Scotiabank donates $100,000 to provide students with greater accessibility to post-secondary education
December 2, 2005
OSHAWA, Ont. - Scotiabank - Canada's most international bank - announced today that it will contribute $100,000 to students at Ontario's newest university, the University of Ontario Institute of Technology (UOIT).
As part of its mission to increase educational opportunities and help transform today's youth into tomorrow's leaders, Scotiabank is providing students with greater access to post-secondary education at UOIT. This significant contribution will be used to create The Scotiabank Group Endowment which will fund eight annual awards designed to benefit students who have demonstrated financial need.
"Through the generous support of institutions like Scotiabank, UOIT will continue to be able to provide all qualified students, regardless of their financial situation, with access to post-secondary education, and an opportunity for a rewarding and challenging career in the 21st-century workplace," said David Chambers, vice-president of Advancement at UOIT.
"At Scotiabank, we have a long tradition of being committed to supporting the communities in which we live and work," said Nick Toritto, District vice-president, Scotiabank. "It's important to us as an organization because - not only is it the right thing to do - it also means a lot to our customers, employees and our many stakeholders. It's part of our culture, and it's something that we are very proud of."
Scotiabank's initial contribution of $100,000 meets the criteria necessary to qualify for the Government of Ontario's matching program, the Ontario Trust for Student Support, providing a total endowment of $200,000.
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About Scotiabank Group
Scotiabank is committed to supporting the communities in which we live and work, both in Canada and abroad. Recognized as a leader among Canadian corporations for its charitable donations and philanthropic activities, in 2004 the Bank provided more than $33 million in sponsorships and donations to a variety of projects and initiatives, primarily in the areas of healthcare, education and social services. Scotiabank is on the World Wide Web at www.scotiabank.com.
About the University of Ontario Institute of Technology
As the province's newest university, the University of Ontario Institute of Technology provides a unique combination of academic knowledge, vibrant student life, leading-edge research, and hands-on skills. As Ontario's first laptop-based university, UOIT offers career-focused undergraduate and graduate degree programs in the fields of business and information technology, sciences, engineering, nursing, social science, and education.
The university is committed to research excellence and has attracted significant research grants and awards including a Tier 1 Research Chair. Sharing facilities and selected services with Durham College, UOIT has attracted over 3,000 students since its inception in 2003. To find out more, visit www.uoit.ca or call 905.721.8668.
Media contacts:
Heather Middleton
Communications and Marketing
905.721.3111 ext. 2197
heather.middleton@dc-uoit.ca
Joe Konecny
Scotiabank Public Affairs
416.933.1755
joe_konecny@scotiacapital.com
About Ontario Tech University
A modern, forwarding-thinking university, Ontario Tech advances the discovery and application of knowledge to accelerate economic growth, regional development and social innovation. We inspire and equip our students and our graduates to make a positive impact in a tech-focused world. For us, it’s not only about developing the next tech breakthrough. Understanding and integrating the social and ethical implications of technology differentiates us as university. Learn more at ontariotechu.ca.
