Scotiabank commits $2.5M in support of COVID-19 community response efforts
The bank says it will support the efforts of several community partners
TORONTO — Scotiabank has committed $2.5-million to community response efforts for COVID-19.
Brian Porter, president and CEO, Scotiabank, said in a prepared statement, “No one understands the specific needs of their communities better than the people who live there. It is our hope that by empowering local teams to make decisions about where the donations should go, we will help to alleviate some of the pressure experienced by the most vulnerable members of society.”
The bank says it will support the efforts of several community partners, most notably through donations of:
- $1.2 million to support local charities
- $400,000 to the United Way’s COVID-19 Community Response and Recovery Fund
- $150,000 to select academic partners working on rapidly scalable COVID-19 healthcare innovations
Scotiabank says it has also established a $750,000 fund to support the emerging needs of local charities as the crisis continues to unfold.