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Frequently Asked Questions
FAQs
The CIBC World Markets Children's Foundation is a charitable trust responsible for distributing funds raised on Miracle Day (the first Wednesday of each December) to Canadian children's charities.
CIBC World Markets Miracle Day is a one-day fundraising event that donates all fees and commissions to a variety of charitable organizations helping children. Miracle Day happens on the first Wednesday of each December during market trading hours around the globe.
CIBC World Markets and CIBC Wood Gundy offices in Canada, as well as CIBC World Markets offices in the U.S., Europe and Asia participate in Miracle Day. In Canada, CIBC World Markets Miracle Day is one of the largest one-day corporate fundraising events devoted to children's charities.
CIBC World Markets Miracle Day is the first Wednesday of every December. This year's Miracle Day will take place on Wednesday, December 3, 2008. It occurs during stock market trading hours around the globe.
Since 1984, Miracle Day has raised more than C$190 million for children's charities. In 2007, Miracle Day raised over C$10.2 million globally.
Miracle Day was conceived in 1984 by a Wood Gundy manager. The original event was called Miracle on 42nd Street, and its goal was to raise money for children's charities during the Christmas season. The first Miracle Day raised C$163,935. Since then, Miracle Day has become an important CIBC World Markets tradition.
Thousands of CIBC World Markets employees give their time, energy and imagination to promote and organize Miracle Day. On December 3, 2008, CIBC World Markets and CIBC Wood Gundy Investment Advisors, sales and trading staff, will contribute their commissions and fees to the CIBC World Markets Children's Foundation.
Throughout the year, hundreds of employees also take an active role with the charities that the Foundation supports. This includes serving on boards of directors, volunteering time and talents, and offering personal donations. It started with the simple belief that by working together we could make a difference for children. It has grown into a miracle.
On Miracle Day, Institutional clients may request that up to 50% of the fees and commissions from their transactions be designated for a specific Canadian children's charity that complies with the Donation Guidelines.
Individual clients of CIBC Wood Gundy offices should contact their CIBC Wood Gundy Investment Advisor to find out more about Miracle Day in their community.
The Miracle Maker Award recognizes individuals in our communities who have made extraordinary efforts on behalf of children's charities and programs. A tradition since 1995, these outstanding individuals are honoured by participating CIBC World Markets and CIBC Wood Gundy offices across Canada.
The Young Miracle Maker Award was first awarded in 2000. This award gives us the opportunity to recognize and support young people in our communities who have shown a dedicated commitment to ensuring the happiness and well-being of children in their community. Please review our Donation Guidelines and our Grant Application Advice to learn more about our charitable giving process.
Contact:
Jaycee CubosCIBC World Markets25 King Street West, 10th Floor Toronto, Ontario M5L 1A2 email: jaycee.cubos@cibc.com |
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