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Education
Helping kids stay in school is a key area of focus for RBC.
- In 2008, RBC invested $2.6 million with 95 of Canada's
top community-based after-school programs. We have been
funding after-school programs since 1999. Over the last
10 years, we have provided more than $17 million in grants
to 182 community-based after-school programs that offer
learning and skill development opportunities to youth in
the hours after classes end for the day.
- RBC supports Junior Achievement (JA), an international
organization dedicated to educating and inspiring young
people about business and economics. We help fund JA's Economics
of Staying in School program, which encourages junior high
school and high school students to reflect on the advantages
of remaining in school so they can acquire the knowledge,
attitudes and skills needed for long-term career success.
In 2008, RBC donated more than $435,000 to JA.
- In the U.S., RBC Bank supports Communities in Schools,
the nation's leading community-based organization helping
young people stay in school and develop life skills. For
more than 30 years, Communities in Schools has helped provide
students with five basics: a one-onone relationship with
a caring adult, a safe place to learn and grow, a healthy
start and a healthy future, a marketable skill to use upon
graduation, and a chance to give back to peers and community.
- RBC Bank's Tribute to Teachers program recognizes teachers
for their outstanding leadership and contribution and provides
cash rewards for their classrooms. In 2008, we expanded
the program to recognize 50 teachers in Syracuse (New York),
Minneapolis (Minnesota), Oakland (California) and across
the southeastern U.S.
- In the Caribbean, RBC supports education through a number
of organizations and programs including the School Leadership
Centre of Trinidad and Tobago, which equips teachers with
new tools, and the Prevent-a-Dropout Program in Jamaica.
RBC also provides products to help parents finance a child's
education.
The RBC Target Education Funds offer investment growth potential
up front and become more conservative as the child approaches
college or university age. Through the RBC Rewards® program,
RBC Royal Bank Visa * cardholders can exchange their points
for a cash contribution to an RBC Registered Education Savings
Plan™.
RBC invests in education through scholarships, including:
- RBC Scholarship Program for our employees' children
- RBC Medical and Dental Student Scholarship
- RBC Royal Bank Financial Life Skills Scholarship
- RBC Scholarship for Undergraduates
- RBC Scholarship for New Canadians
- RBC Junior 'A' Scholarship Awards
- RBC Aboriginal Student Award Program
- A number of scholarships through programs, not-for-profit
organizations and post-secondary institutions.
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