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COVID-19: How RBC Wealth Management is helping clients. Learn more
As an organisation, RBC is committed to investing in youth and their future prosperity through all possible means, whether it’s planning tools and resources, educational or career-related programs, corporate partnerships, community involvement or charitable initiatives. The organisation’s overall Youth Strategy, RBC Future Launch, is focused on better preparing youth for future entry into the workforce and equipping them with 21st-century skills. Future Launch is RBC’s largest ever commitment to a social issue, with over $500 million of investment and 10 years of hard work and partnerships to co-create meaningful, long-term solutions.
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The RBC Climate Blueprint is an enterprise approach to accelerating clean economic growth and supporting clients in the transition to a low-carbon, sustainable economy. The approach takes the form of five pillars, which include:
In late 2019, RBC announced the launch of RBC Tech for Nature – a multi-year commitment by the RBC Foundation to new ideas, technologies and partnerships focused on protecting our shared future. Supporting the fifth pillar of RBC’s Climate Blueprint, RBC’s funding will support projects ranging from the availability and accuracy of environmental data to influencing positive behaviour change as it relates to environmental conservation, resulting in tangible outcomes for our communities.
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Aligned with these two very important global strategies and others, RBC Dominion Securities supports a wide range of community initiatives through donations, sponsorships and employee volunteer activities.
See below for further details on our latest activities.
RBC Dominion Securities announced a donation for non-profit organizations across the Caribbean who are supporting food security for at-risk families and those in need during the ongoing novel coronavirus pandemic. An initial donation was given at the outset of the crisis and after offering to match client and staff donations a further sum was given bringing the total so far to:
USD $31,914 to Cayman Food Bank
As an organization, RBC initially donated over USD $330,000 to Red Cross societies across the Caribbean region to support food security initiatives. This donation is in addition to RBC’s global commitment of more than CAD $2 million to fight COVID-19 through various partners such as the World Health Organization’s COVID-19 Solidarity Response Fund, Feeding America, and Food Banks Canada.
“COVID-19 has had an impact on every country and territory where RBC operates in the Caribbean,” said Rob Johnston, Head of Caribbean Banking, Royal Bank of Canada. “Across the region, we are seeing how NGOs and other organizations are stepping up to provide for those in need during these uncertain times. We are proud to stand with these groups and to help support them in their vital work.”
Globally, RBC Wealth Management (RBC WM) is taking proactive steps to strengthen its focus on younger generations, helping to ensure they have the resources and tools needed to be confident and capable as they gain financial independence. As part of this focus, RBC WM has launched a new learning platform, the RBC WM Financial Literacy Program, which offers a comprehensive, structured approach to building sound financial management skills.
In line with this initiative, RBC Dominion Securities are delighted to partner with Cayman International School to offer this financial literacy program to high school students in Year 10. This program provides a formalised advisor-led learning platform and zeroes in on the benefits that an earlier approach to financial literacy can offer younger generations, as well as the importance of financial knowledge and capabilities throughout life. In this course, advisors from RBC Dominion Securities help students learn the basics of financial literacy including how money, taxes, mortgages and other loans work, as well as understanding how to make, save and invest their money.
The Cayman Islands Crisis Centre invites gentlemen to participate in the annual A Walk in Her Shoes, which takes please just before International Women’s Day every year. The aim is to help the Crisis Centre exceed the event fundraising goal of CI$55,000 by signing up as a team or individual to ‘walk in her shoes’ down Market Street in Camana Bay to support local domestic violence victims and children.
Individuals and local companies come together at this event to help raise awareness of the CICC and their continued efforts to provide support for local victims; as domestic violence does not discriminate against age, gender, race, ethnicity, economic status or sexual orientation.
RBC Dominion Securities staff were delighted to take part in the 2020 Walk in her Shoes and office contributions alone raised over CI$1,000 in donations.
For a video of the 2020 event please see: https://www.facebook.com/cicrisiscentre/videos/a-walk-in-her-shoes-2020/131616961610787/
Special Needs Foundation Cayman is dedicated to the development and provision of appropriate and comprehensive support services for persons with special needs. By utilizing all available resources they look to ensure these individuals reach their maximum potential and become valuable members of society. Their focus is to also change the community’s attitude towards disability, improving lives of children and their families, and giving children the best start.
This is done by:
The Making Waves breakfast meeting provided a platform for four parents and one sibling to tell their stories about living with a family member who has a developmental or intellectual disability, in a world that still segregates them. RBC Dominion Securities hosted two tables at this great event and organisers announced the Foundation had received pledges of $25,000 from the government; $100,000 from a private company and had 44 ‘dream makers’ sign up to donate to the charity’s cause.
The Alex Panton Foundation is a not-for-profit with the primary objective of raising awareness of mental illnesses affecting children and young adults in the Cayman Islands with a particular focus on anxiety and depression. The Foundation aims to provide hope and resources to friends, family, teachers, classmates and careers to help save the lives of children and young adults struggling with mental illness.
The Alex Panton Foundation held the 3rd Annual Youth Mental Health Symposium on Saturday 22nd February at The Ritz Carlton Grand Cayman. This year’s theme was “Empowering Youth. Inspiring Hope.”
The Symposium features international and local speakers from various perspectives on mental health in Cayman’s youth and young adults, include persons living with and overcoming a mental illness, parents, counsellors and mental health service providers showcasing various forms of treatment. It aims to shed a light on services available to those suffering with mental health issues and to discuss issues affecting youth mental health today.
RBC Dominion Securities was a proud Community Sponsor of the 2020 Annual Youth Mental Health Symposium.
RBC’s support of the arts has been a long-standing priority as they play an important role in building vibrant communities and strong economies.
Beginning in 2014, RBC Dominion Securities has partnered with the Cayman Arts Festival (CAF) to implement an After-School Instrumental Music Programme with government primary schools across Cayman. Utilising annual grants from RBC, CAF provides music education to students in the public school system both after school and during school vacations.
Originally formed as a three-day festival, CAF has evolved into an organisation that produces monthly orchestral events that bring cultural experiences to the Cayman Islands and support their educational program for young people.
RBC Dominion Securities also sponsored the Cayman Arts Festival 2020, which took place from 13-22 February. All proceeds from CAF events fund their youth education program which provides musical instruments to kids, organises workshops with visiting artists and coordinates musical lessons at local schools.
Or watch the video on the making of CAF at: https://youtu.be/8dQ4zkdmSvo
Jasmine (previously called Cayman HospiceCare) is a non-profit organisation, committed to enhancing and improving the lives of people living with life-limiting illnesses. Central to their mission is providing long-term emotional and spiritual support and general well-being for both our patients and their loved ones.
Services include: doctor and nursing visits, medical equipment, prescriptions, short-term in-patient care in a villa, caregivers to support care or provide at home respite care, specially-trained hospice volunteers, grief and loss counselling for you and your family. Holistic care is important and so they also offer Music and Art Therapy, Counselling, Yoga, Reiki, Therapeutic Massage, Lunch Club and Bereavement support.
RBC Dominion Securities was delighted to take part in their annual flag weekend fundraiser, raising much needed donations for the hospice to maintain these essential services.
The Nationwide Stride Against Cancer, a fundraising event to benefit the Cayman Islands Cancer Society (a non-profit organization),takes place on the last Sunday each January.
The mission of the Cayman Islands Cancer Society is to:
Their vision is:
RBC Dominion Securities enjoyed participating in the annual fun run, fundraising towards this great charity.
Soon after reports of Hurricane Dorian’s devastating effect in the Bahamas in September 2019, the team from RBC Dominion Securities was compelled to take action.
Deciding on a clothing drive, a call for new and gently used items was put out to the local Cayman community and the response was overwhelming. The campaign ran for one month and during that time the RBC Dominion Securities Cayman office became a makeshift headquarters for the drive. Volunteers from within the branch and the local community helped to organise and box all donations.
In the first two weeks, the team boxed 3,600 lbs of clothing to ship. At the end of the campaign, the offices had another 8,500 lbs of clothing ready to be shipped. With the assistance of the RBC Dominion Securities branch in Nassau, the shipments were sent to a local charity, HeadKnowles, where a storefront was created to display the clothes for evacuees in the area to view and select the items they needed.
“I think our community is really sympathetic to the realities of being caught in a hurricane and so we really wanted an opportunity to help,” said Andrew McCartney, Managing Director of RBC Dominion Securities. “In the end, our message struck an emotional tone far beyond corporate responsibility and I’m so proud of everyone involved.”