Capital G Increases Donations By 20%
Capital G hosted its Third Annual Giving Back Reception at the Mid Ocean Club on Wednesday, June 16. The reception was attended by almost 90 representatives of the more than 75 charitable organizations that received grants this year from the Bank’s ‘Giving Back’ donations programme. The tradition of hosting the reception started three years ago following a comprehensive review of the Bank’s corporate strategy concerning charitable donations.
Chairman of Capital G Bank, James Gibbons, said that Giving for Bermuda’s corporate entities has evolved beyond the cash donation. He said, “As a privately held, family owned bank we believe in the Bermuda family and are committed to the success of Bermuda and all those who live and work here. It has become Capital G’s mission to focus on building relationships with our charitable partners who support the Bermuda community. Our hosting of the ‘Giving Back’ reception allows us to get to know the individuals who direct and operate the charities, and recognize them for their dedication and commitment to the community in areas ranging from healthcare to the environment and education.”
In his welcome address to the estimated 90 guests at the reception, Mr. Gibbons said that Capital G has increased its donations year over year and in 2010, despite the impact of the economic downturn on Bermuda, increased their total donations by 20 percent or more. He added that Capital G employees had become increasingly more engaged in giving their time to charitable causes and in the first half of 2010 alone have given more than 1,794 hours, the equivalent of 224 days of volunteer time, in support of fundraising efforts by Capital G’s charitable partners.
He told the audience that Capital G has been re-energized by its partnerships with Bermuda’s charitable groups. He said they have been humbled by the commitment of the charitable sector workers as Capital G has learned more about the challenges they face in delivering the vital services, support, advice and education to those who are in need of them.
Following the downturn in the economy, Capital G say they have focused on supporting education, youth development, and charitable organizations directly impacted by social issues. In 2008, the Bank launched “Youth Give” in partnership with the Centre on Philanthropy in recognition of the need for Bermuda to develop future givers and maintain a Philanthropic will across generations.
In this team-focused initiative, high school students were challenged to develop charitable programmes that included the development of business plans, budgets and giving strategies. The results demonstrated potential for the future and Youth Give will launch again in September 2010.
Capital G will focus on the youth segment again in its planned launch of the Iron Kids Account banking product. Evolving from the annual Capital G Iron Kids Triathlon sports event for children and teens, it will be a new financial tool designed to educate Bermuda’s youth in the importance of developing good financial health behaviours such as budgeting and saving with recognition of the risks of credit.
WOW!!!!! 20%…………….
Maybe Government could take a page here. The irony of Capital “G”…….
If you don’t get it, you have already or will soon……………………