Scotiabank and YMCA announce $2.15 million partnership to help increase school completion among vulnerable youth
The Bank’s commitment will enable 50 YMCA Alternative Suspension program sites to support students across alberta, British Columbia, Ontario, New Brunswickand Quebec
TORONTO, May 5, 2022 /CNW/ – Scotiabank today announced a community investment of $2.15 million to the YMCA Alternative Suspension (AS) program, an initiative founded on the principle that traditional suspensions from school are missed opportunities for students, their families, their school and their community. The program acts as a catalyst for positive behavior change by helping students improve their school experience, stay in school, and graduate from high school.
AS, which was born in Quebec and is now offered by YMCAs through Canada, is aimed at young people aged 12 to 17 in crisis. Through the program, students develop a relationship of trust with a trained youth worker who aims to help students understand their challenges. The program offers pro-social group workshops, one-on-one meetings with a youth worker, time spent on schoolwork, and referrals to other community school activities, services, and resources. School staff and parents are involved throughout the process to ensure a holistic and coordinated approach to supporting student success.
Click here to learn more about the program and its benefits.
“Through the YMCA’s Alternative Suspension program, vulnerable youth have the opportunity to turn a difficult time into one that helps them reach their full potential,” says Meigan Terry, Senior Vice President and Head of Social Impact, Sustainability and Communications at Scotiabank. “We are proud to partner with the YMCA to support student success by helping young people re-enter high school and boost their confidence levels.”
Scotiabank’s partnership with YMCA Alternative Suspension is a flagship program within ScotiaRISE, the Bank’s 10-year program $500 million initiative to promote the economic resilience of disadvantaged groups. YMCA Alternative Suspension has a proven track record of success, with 85% of its participants showing positive behavior change at school after participating in the program.
“Building resilience one child at a time is the primary goal of our YMCA Alternative Suspension program which was established over 20 years ago. And so far the results have been better than we expected. Thanks to Scotiabank, the program will continue its rapid growth through its implementation across Canada and continue to support our young people,” says Stéphane Vaillancourt, President and CEO of the YMCAs of Québec.
“The YMCA Calgary is committed to building and serving communities where young people can belong, grow, thrive and lead,” says Shannon Doram, President and CEO, YMCA Calgary. “YMCA Alternative Suspension, supported by ScotiaRise, is a proven model that helps young people stay in school while developing essential leadership skills. With Scotiabank’s partnership, we look forward to expanding the impact of this program to even more communities.
As a key enabler of the Bank’s goal to fit every future, ScotiaRISE drives lasting change by partnering with programs and organizations across its footprint that provide the tools people need. need to improve their educational and employment prospects, adapt to changing circumstances and increase the chances of financial success.
ScotiaRISE has supported nearly 200 charities and deployed $26 million in community investments globally in its first year and continues to invest in community initiatives that make a difference.
For more information about ScotiaRISE and Scotiabank’s commitment to diversity and inclusion, visit: ScotiaRISE: $500 million in community investment by 2030 to help people RISE | Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our clients, their families and their communities succeed through a wide range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate banking and investment banking. , and capital markets. With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (like a January 31, 2022), Scotiabank is listed on the Toronto Stock Exchange (TSX: BNS) and the New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.
About the YMCAs of Quebec and Calgary
A charitable organization whose mission is to encourage and inspire all people to reach their potential, grow and contribute to their community, the YMCAs of Quebec offer programs at over 30 service sites and virtually throughout the province, as well as operating an international language school, YMCA residence and YMCA Kanawana camp.
Since 1984, The YMCAs of Québec Foundation has supported the YMCA’s mission and ensured its financial sustainability by promoting its impact on the community, raising funds and administering these funds responsibly.
YMCA Calgary is a charitable organization dedicated to building healthy communities. For 120 years, the YMCA Calgary has been committed to developing the potential of children, youth and families, promoting healthy living and fostering social responsibility within the community. With six health and wellness facilities, six children’s development centers with licensed child care, two outdoor camping sites, and more than 60 community program sites, the association serves all quadrants of the city. These spaces and programs allow the YMCA Calgary to offer health and wellness programs, leadership programs, community outreach programs and other services to help Calgarians connect with others, gain lifelong skills and staying active and healthy.
For more information: Stephanie Cangelosi, Global Communications, [email protected]