Fri | Jan 22, 2021

CIBC counts it a privilege to give back

Published:Tuesday | July 18, 2017 | 12:00 AM
Andrew Mahfood (right), chairman of Food For The Poor, shows off a model of a Food For The Poor house to Nigel Holness (left), managing director of CIBC FirstCaribbean Bank; Gary Brown (second left), CEO CIBC; FirstCaribbean International Bank; and David Mair, executive director, just before he was presented with a cheque for the building of 10 Food For The Poor houses. The presentation was made at the Food For The Poor headquarters in Spanish Town, St Catherine on Tuesday.

CIBC FirstCaribbean Bank has donated a sum of $4.6 million for the establishment of 10 new housing units to be built by Food For The Poor.

At Food For The Poor's headquarters in Spanish Town, St Catherine on Tuesday, a cheque was handed over to the chairman of the organisation, Andrew Mahfood.

"It's a privilege to give back," said Gary Brown, CEO of CIBC FirstCaribbean Bank.

"We try to donate at least one per cent of our net income so we can actually get to do things like this, and we are active all over the Caribbean."

Brown told The Gleaner that it was very important to contribute and give back.

"It's very important for us to give back to communities we're a part of. We try to figure out where the best opportunities are and Food For The Poor is the most established team so we wanted to be a part of that," he said.


Grateful for donation


Mahfood said that he was grateful for the donation from the bank.

"This initiative makes me feel very humbled for the beneficiaries receiving the 10 houses and to have Gary Brown here is really a show of confidence," he said.

In the meantime, Brown said that this initiative with Food For The Poor would be maintained.

"We will hopefully stay on board with Food For The Poor, seeing that they do good work to support the less fortunate," added Brown.

Mahfood added that Food For The Poor would maintain its partnership with CIBC.

"I think CIBC coming on board will be impressed after the completion of these 10 houses," he said.

"They could have given their money to other charities, but giving it to us shows great confidence in what we do, so the stewardship responsibility is the highest it has ever been and so we take it very importantly."

- Raime Walters