Even as falling oil prices continue to create economic uncertainty, Scotiabank T&T continues to invest in this country.
The bank recently presented $375,000 to 34 non-Governmental organisations to support them in their positive social work. At the presentation ceremony at Scotiabank's hospitality suite at the Queen's Park Oval in Port-of-Spain, Gisele del V Marfleet, chairperson of the Scotia Foundation, described the people working so ably behind the scenes with these NGOs as being at the heart of community assistance to T&T.
She said the Foundation, through direct initiatives and synergistic partnerships, sought to be a vehicle for capability building at both the individual and communal levels, with a particular focus on the nation's youth.
Marfleet said from sport through its partnership with the T&T Cricket Board of Control for the Kiddy Cricket initiative, to its association with the Scotiabank School Table Tennis Tournament to the Harvard Hockey Junior Under-19, varied sectors of society were being nourished for global excellence.
Education, health and youth development undertakings, as well as programmes in community development and culture magnified its corporate social responsibility efforts, she added.
Non-Governmental organisations in receipt of grants were the Cancer Society of T&T, Child Welfare League, Immortelle Children's Centre for Special Education; Arts Alive, the T&T Paralympic Committee, Lady Hochoy Home, Lady Hochoy Centre (South), Credo Foundation for Social Justice, Kids in Need of Direction (KIND), Cotton Tree Foundation, and the Living Waters Community.
Carlene Seudat, a director with the Foundation said: "We are able to lend assistance to each of the NGO's present today to help continue the much needed charitable work you all perform. We recognise the indispensable role you play in society and the economy.
"The charitable and NGO sector has mushroomed and it now is a key factor in development assistance with what I am sure you all can agree is an increased demand for many of the goods and services provided by your organisations. You may have differing objectives, be it educational, youth, focused, cultural, literary, poverty relief and other activities for the public benefit, but all share the common goal of creating a better T&T.
"We also aim to do our part in building a better nation. We recognise that our continued success is not only measured in terms of dollars and cents, but also in terms of our corporate social responsibility and how we aid the development of our country. Annually, we ensure that these donations and other investments in youth, health, culture, sports and the environment are undertaken so that we contribute in a positive way to be the social fabric of T&T."