Scotiabank allocates $45m to help schools, students recover from Beryl
FOLLOWING the significant impact of Hurricane Beryl, Scotia Group has announced that it is working to support clients and the wider community to recover.
The financial group, through its Scotiabank Jamaica Foundation (SJF), will also be assisting schools in their recovery efforts.
“Our focus at the SJF has always been on youth and education. We are very saddened by the widespread damage the recent hurricane has caused and we are particularly concerned about the destruction of school buildings and the impact of that on the resumption of school.
“To that end, we will be making donations of $25 million to assist selected schools with repairs. Further financial assistance valued at approximately $20 million will be provided to students through our back-to-school activities in August,” said Audrey Tugwell Henry, president and CEO of Scotia Group.
For the past two years, Scotiabank has supported thousands of students with back-to-school preparations through donations which include books and stationery items.
These latest contributions to disaster recovery follow initial donations made by Scotiabank Canada of CAD$25,000 to United Way of Jamaica to assist small farmers, as well as a CAD$100,000 donation to the Canadian Red Cross to support the Jamaica Red Cross and other members of the regional Red Cross federation in their post-hurricane relief efforts.