June 20, 2013 - In the late 1980s, the world was still learning about the AIDS pandemic and stigma surrounded the disease. That’s when Toronto philanthropist Bluma Appel knocked on the door of Allan Taylor, Chairman and CEO of Royal Bank. She convinced Mr. Taylor that the bank needed to find a way to help fight this disease. And, in 1993, Royal Bank became the first Canadian bank to provide significant funding to the Canadian Foundation for AIDS Research (CANFAR). Our donation of $ $300,000 over three years was considered a courageous act by a fairly conservative institution, and led the way for other large organizations to support the cause.
Now, RBC has been awarded CANFAR’s Chairman’s Award for our support of AIDS research for more than a quarter of a century.
“As one of our most valued benefactors, RBC’s investment in our researchers has led to a better understanding of the impact HIV has on different communities across Canada,” said Sherrie James, National Director of Development, CANFAR. “We wanted to honour RBC in this small way by recognizing the difference you’ve made in our communities.”
CANFAR raises awareness to generate funds for research into all aspects of HIV infection and AIDS. This role is particularly vital, as Canada is one of a handful of countries with the brain trust, infrastructure and resources to make a significant difference in the global fight against AIDS. Since 1987, CANFAR has contributed over $18 million to fund more than 450 research projects at hospitals and universities across the country. For more information, visit www.canfar.com.