Beautiful Virgin Islands

Saturday, May 16, 2026

CIBC FirstCaribbean donates $1000 to FSN instead of year-end staff party

CIBC FirstCaribbean donates $1000 to FSN instead of year-end staff party

Instead of its seasonal staff celebrations, the staff at CIBC FirstCaribbean in the Virgin Islands (VI) agreed once again to instead donate $1,000 to people in need through the Family Support Network (FSN).

Prior to presenting the cheque before the Christmas holidays, Mr Amory Jervis, Country Manager of the bank spoke with Ms Jasmin D'Aguiar, Treasurer of the FSN, for an insight into the greatest needs of the not-for-profit organisation and its clients, CIBC FirstCaribbean stated in a press release today, January 18, 2022.

Basic pantry costs per month is $5000- FSN


"We had approximately 250-300 households register on a monthly basis with the Family Support Network for 2021. With household sizes of 2-12 persons, that's between 600-700 people per month that have needed assistance with life basics such as food and shelter," said Ms D'Aguiar.

"To give you an idea of outgoing funds and the need for continued donations and financial support, basic pantry costs alone are around $5,000 per month. Other monthly expenses include counselling services, office administration, rent and utility costs and other similar outgoings to assist persons in need.

"The FSN is a non-profit, non-governmental, organisation (NGO) whose primary aim is to aid individuals, couples and families affected by domestic violence but which has been working with persons affected by other factors including the COVID-19 pandemic that has had a devastating impact on people's socioeconomic situations. The budget for this year - 2022 - is $300,000 to help address immediate needs and to deliver long term solutions for affected persons and families. Financial gifts such as this are very much needed and gratefully received,” Ms D’Aguiar disclosed.

Bank recognises work of FSN


Mr Jervis expressed thanks for the FSN's work in the community and noted the bank's support of the charity for many years.

“The Bank and its staff are very much aware of the invaluable work done by the FSN and we have been trying to do what we can to help clients of the FSN since 2012. Over the years our Corporate and Social Responsibility committees have collected for and assembled food hampers, gifts for the children and donated funds to bring some relief to our fellow community members in need,” said Mr Jervis.

“It's with appreciation that we determined to skip the internal seasonal celebrations to support our community through the FSN instead."

According to the press release, the end of year donation is a reflection of CIBC FirstCaribbean’s top-down stance on the meaning of community spirit and the bank made similar monetary donations across the region to charitable organisations that support those in need.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
The Great Western Exit: Why Best Citizens Are Fleeing the Rich World [PODCAST]
The New Robber Barons of Intelligence: Are AI Bosses More Powerful Than Rockefeller?
The End of the Old Order [Podcast]
Britain’s Democracy Is Now a Costume
The AI Gold Rush Is Coming for America’s Last Open Spaces [Podcast]
The Pentagon’s AI Squeeze: Eight Tech Giants Get In, Anthropic Gets Shut Out [Podcast]
The War Map: Professor Jiang’s Dark Theory of Iran, Trump, China, Russia, Israel, and the Coming Global Shock [Podcast]
Labour Is No Longer a National Party [Podcast]
AI Isn’t Stealing Your Job. It’s Dismantling It Piece by Piece.
Lawyers vs Engineers: Why China Builds While America Litigates [Podcast]
Churchill’s Glass: The Drunk, the Doctor, and the Myth Britain Refuses to Sober Up From
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
The Met Gala Meets the Age of Billionaire Backlash
Russian Oligarch’s Superyacht Crosses Hormuz via Iran-Controlled Route
Gunfire Disrupts White House Correspondents’ Dinner as Trump Is Evacuated
A Leak, a King, and a Fracturing Alliance
Inside the Gates Foundation Turmoil: Layoffs, Scrutiny, and the Cost of Reputational Risk
UK Biobank Breach Exposes Health Data of 500,000, Listed for Sale on Chinese Platform
KPMG Cuts Around 10% of US Audit Partners After Failed Exit Push
French Police Probe Suspected Weather-Data Tampering After Unusual Polymarket Bets on Paris Temperatures
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Privacy Problems in Microsoft Windows OS
News roundup
Péter András Magyar and the Strategic Reset of Hungary
Hungary After the Landslide — A Strategic Reset in Europe
×