The 'G' is for GivingPost Date: Friday July 2nd 2010
Capital G hosts third annual 'Giving Back' reception
“It has become Capital G's mission to focus on building relationships with our charitable partners who support the Bermuda community.”That was the message James Gibbons, Chairman of Capital G Bank Ltd, got across at the Bank's third annual 'Giving Back' Reception on June 16 at the Mid Ocean Club. In attendance, over ninety guests, representing 75 charitable organizations on the island that have received grants this year from Capital G's 'Giving Back' donations programme.
Despite the recent economic slump, in the first half of 2010, Capital G increased their total charitable donations by 20 percent or more.
“[We've] 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,” Mr. Gibbons said.
Capital G employees have also jumped on the bandwagon, with more than 1700 hours (that's almost 220 days) of their time – in the first half of 2010 alone - in support of fund-raising efforts by Capital G's charitable partners.
Following the downturn in the economy, Capital G has focused on supporting education, youth development and charitable organizations directly impacted by social issues:
In 2008 they launched 'Youth Give', in partnership with the Centre on Philanthropy, in recognition of the island's need to develop future “givers” and maintain a philanthropic will across generations. This team-focused initiative saw high school students across the Bermuda challenged with developing 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.
Evolving from the annual Capital G Iron Kids Triathlon sports event, Capital G will also focus on the youth segment again in its planned launch of the Iron Kids Account banking product. This new financial took is designed to education Bermuda's youth on the importance of developing good financial health behaviours.
