Briefing

CIBC launches new foundation with $70M in donations to help underserved communities

The bank plans to eventually up its donations to $155 million and will expand the foundation to the U.S. in the coming year. Two external board members—Maverix Private Equity founder John Ruffolo and Olympic gold medalist Damian Warner—“will provide expertise and lived experiences to help guide decision-making at the foundation.” (The Logic)

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