Scotiabank’s C$3.1m donation to Big Brothers Big Sisters of Canada gives youth mentorship in the country a transformational boost.

Hundreds of thousands of young Canadians are growing up in vulnerable situations including poverty, family instability, or identity-based discrimination.

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Moreover, an estimated 15,000 young Canadians are waiting for a Big Brothers Big Sisters mentor.

Scotiabank’s donation aims to enable life-changing mentoring relationships that ignite youth potential through guidance, support and role modelling.

Matthew Chater, National President & CEO, Big Brothers Big Sisters of Canada says: “The presence of one caring adult can make all the difference in a young person’s life.”

For example, every $1 invested in the charity returns $18-$23 to society through taxes, higher incomes, volunteerism, and charitable donations.

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“In particular, this applies regarding the long-term economic, health, and social outcomes for youth in the most vulnerable situations.

“With this proven intervention, Scotiabank’s donation will have an extraordinary impact on young Canadians.”

Big Brothers Big Sisters of Canada: helping over 40,000 children

The donation by Scotiabank will accelerate one-to-one mentoring relationships. And it will directly change the lives of hundreds of youth and their families in communities across Canada. Furthermore, the donation will also build the capacity for youth mentorship through support for volunteer recruitment and impact measurement initiatives.”

Jacquie Ryan, VP, Social Enterprise and Sustainable Business, Scotiabank says Big Brothers Big Sisters charities are among the leaders in delivering one-to-one mentorship opportunities

“We recognise what is possible when young people have the guidance, confidence and tools they need to achieve their dreams. Scotiabank is confident that our C$3.1m donation to Big Brothers Big Sisters is a long-term investment. It will help young people across Canada reach their infinite potential.”

Big Brothers Big Sisters of Canada provide one-on-one and group mentoring services across 1,100 Canadian communities for over 40,000 children.

The charity has been providing life changing mentoring experiences since 1912.