$1 Million Campaign – July 2021Update
July 2021 Update - $1,066,000 !!!
WE DID IT – In spite of Covid!
The CIBPA has always viewed education and community service as the road map to a better career and life in Canada. The CIBPA took on this challenge by helping with community-based fundraising for charitable causes and providing bursaries and scholarships to Canadian Italian
students so they could get the head start required to prosper as Canadians.
On September 8, 2011 Mario Paura CIBPA Toronto President and the CIBPA Education Foundation launched an official campaign to expand our education outreach program. The purpose of the campaign was to strengthen and continue our commitment to supporting the
future leaders of our community and to reach a cumulative total of $1 million for bursaries and scholarships as well as increase the number of Named Endowments at Universities.
As part of the launch, later in October 2011 the CIBPA 59 th Annual President’s Ball Gala a lottery draw was held that evening and through the generous donation by Ralph Chiodo, Peel FIAT and Active Green + Ross, we gave away a 2012 Fiat 500! All proceeds raised from the
lottery were donated to the CIBPA Education Fund. The CIBPA Foundation used funds generated that evening and established a Ralph and Rose Chiodo $50,000 endowment at the Ted Rogers School of Business at Ryerson University.
July 2021 Update - $1,066,000 !!!
Since the start of our program the Foundation has distributed an estimated $909,000 CIBPA bursary or scholarships to over 983 students. With a total endowment accumulation of $448,619 and $909,000 awarded to students in 2020 we only need $91,000 more to reach our $1 million target. For 2020 and 2021 there was $152,000 in endowments established or pledged. The university endowments distributed an additional $30,000 to 20 students total for 2020 and 2021. The final estimate for 2021 is $157,000 to 1,013 students. We have exceeded our goal by $66,000.
Report on Named CIBPA University Endowments - 2021
Seven named endowments with interest, in the amount of $450,619
- CIBPA Past Presidents and Ladies Auxiliary – $138,175
- CIBPA Ladies Auxiliary - $39,810
- Jackie and Elio Rosati - $38,468
- Jackie Rosati - $37,080
- Ralph and Rose Chiodo - $38,518
- Martinrea International – Danny Infusino - $44,415
- Joe Gagliano - $37,153
- Lucia Iacovelli - $77,000 (2020 and 2021)
- Ralph and Rose Chiodo / Ted Rogers School of Business Management for
Entrepreneurship Endowment $50,000
University of Toronto
- Mario and Silvana Paura - $25,000
- Robert, Kathy & Vanessa Family Trust - $25,000
- Ralph & Rose Chiodo - $25,000
- John Mandarino, LiUNA Canadian Tri-Fund - $25,000
*University of Toronto will match the accrued yearly interest under this program.
In addition to our CIBPA fundraising activities, the $600,619 in University endowments will provide ongoing bursaries and scholarships to deserving students.
2021 BURSARY INFORMATION
The CIBPA Education Foundation Bursary is open to full-time college and/or university students at the undergraduate, graduate or postgraduate levels who are Canadian citizens or Landed Immigrants permanently residing in Canada, and are of Italian origin. It also provides assistance for students who are not of Italian heritage, if they are in Italian studies.
DO YOU KNOW A STUDENT WHO CAN BENEFIT FROM THE CIBPA EDUCATION
These bursaries and scholarships do come with strings attached. Our expectation is for these students to stay in touch with the CIBPA. As CIBPA student alumni we hope that, with personal prosperity, that they too will financially contribute to the Foundation to help a student in need. I
have had the privilege of reading letters from past recipients and can assure you that we are making a difference.
Applications for 2021 scholarships will open later in the year. Check back for updates.
If you are interested in learning more about the program or would like to contribute, please call the CIBPA Toronto office at 416 782-4445
Bob Sacco, President CIBPA Education Foundation
Stan Cappadocia, EVP CIBPA Education Foundation