Clarien donates money to charities, sets up scholarships for Black pupils
A bank has donated $125,000 to charities struggling to survive over the coronavirus pandemic.
Clarien Bank has also pledged a further $25,000 a year to fund private school scholarships for Black pupils.
A total of nine charities were given windfalls of between $2,500 and $25,000 through the Clarien Foundation.
Warwick Academy, Bermuda High School for Girls, Mount Saint Agnes Academy, Saltus Grammar and Somersfield Academy will get $5,000 a year each to help pay the fees of Black Bermudian students or students of underrepresented sectors from the new Clarien Education Fund.
Clarien said: “Providing support when our community is most in need and supporting equality initiatives are important to us, and have helped define who we are and how we have chosen to give.
“Clarien believes in the power of partnering with local organisations to better our community through biannual corporate donations to local registered charities, as well as quarterly outreach activities for employees.
“The Clarien Foundation is committed to supporting initiatives and organisations that help improve the lives of Bermudians and its residents and make positive contributions to the island we call home.”
The bank added: “For the last ten years, the foundation’s giving strategy has been to focus on youth development, education, the prevention of systemic familial community issues, supporting Bermuda’s entrepreneurial ecosystem and aligning our giving to Clarien’s Diversity, Equity and Inclusion (DEI) programme.”
Family Centre $25,000
The Reading Clinic $25,000
Ignite Bermuda $25,000
PALS $15,000
Meals on Wheels $10,000
Tomorrow’s Voices $10,000
WindReach $7,500
Young Men’s Social Club $5,000
Action on Alzheimer’s and Dementia $2,500
It said the company’s education fund was created “to align with the bank’s core purpose, values and DEI programme”.
It added: “Disbursements of $5,000 will be made in May of each year for the next four years. Each school will determine the recipient.”
Michael DeCouto, the chief digital and marketing officer for Clarien, said: “We have supported many worthy local organisations and causes for over a decade, and we are excited about the launch of the Clarien Education Fund.
“We believe strongly in the development of Bermuda’s youth through education and mentorship. It is our hope that through this fund we are able to inspire the future leaders of Bermuda.”
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