After launching the successful #YSMRelay in support of the Yonge Street Mission during the COVID-19 pandemic, Capital Developments is continuing its philanthropic work by providing financial aid to 54 Toronto area teens. The developer has donated $27,000 to students enrolled in the long-standing International Baccalaureate (IB) program offered by the Toronto District School Board (TDSB).
The IB program is a rigorous academic public school initiative that is recognized in 125 countries. According to its Mission Statement, “The International Baccalaureate Organization (IBO) aims to develop inquiring, knowledgeable and caring young people who help to create a better and more peaceful world through intercultural understanding and respect.”
The program’s core focus is to encourage students to be active learners and engaged global citizens by promoting awareness and respect of other cultures. This is incorporated into the curriculum through discussions, dialogues and assignments that centre around multinational events and collaborations, highlighting issues faced by many countries around the world.
Previously offered at no cost, an annual $1,500 registration fee was recently introduced to sustain the program in Toronto schools, adding to financial strain for students. To help those in need, Capital Developments is giving $500 to 54 Grade 11 and 12 students in the IB program with a household income of $30,000 to $50,000 for a total contribution of $27,000. Combined with the TDSB’s subsidy of $1,000 per family, together they will cover the full $1,500 annual fee for 54 families during the 2020-2021 school year.
“The IB program has positively impacted the lives of both students and families in our communities, including internally at Capital Developments — a few of us are actually parents of students in the program, and we’ve seen how rewarding the program is to its members,” said Heather Grey-Wolf, Senior Vice-President, Development and Stakeholder Engagement at Capital Developments.
“We feel very strongly that Toronto families should not have to pull their children out of such an impactful program for purely financial reasons. That’s why we’ve partnered with the TDSB to provide financial aid to local teens — we know that by supporting our community, we’re helping create a positive future for all of us.”
Known for building sought-after condominium developments throughout Toronto, Capital Developments has projects in communities located near schools that offer the IB program. This includes the developer’s latest project at 1131 Bloor Street West. Located less than 10 minutes from Parkdale Collegiate Institute, Bloor & Dufferin Condos is a mixed-use community that will add new office, retail, residential and green spaces to the neighborhood.
“It’s very important to the Toronto District School Board that all students have equitable access to the International Baccalaureate program,” said Ryan Bird, spokesperson for the Toronto District School Board. “In addition to the financial assistance program we launched last year, this generous donation from Capital Developments will make the program even more accessible for students and their families.”
For more information, visit capitaldevelopments.com.