Hedge Funds Urged to Participate in CIBC's Miracle

Robin Hood partners with grassroots organizations to give them the resources and funding they need to help prevent poverty through programs in early childhood, education, youth and job training.

The March of Dimes is sending out letters to investment companies letting them know that the Greater New York March of Dimes is one of the charities nominated to participate in Miracle Day. According to Jean Maisano, director of development at the New York March of Dimes, the group is eager to get the word out to hedge fund managers, too. With a focus on community service, the group has awarded research grants to eliminate birth defects and better understand the causes of pre-term birth.

The March of Dimes and Robin Hood are just two of a number of charities chosen to participate on Miracle Day. CIBC's Miracle Day has supported more than 750 organizations worldwide through its U.S., Canadian, Asia/Pacific and European offices. The fundraiser began in 1984 and has raised and distributed more than US$60 million to children's charities. One of the largest single-day fundraising events for children's charities, Miracle Day is held annually on the first Wednesday of December.

More information on Miracle Day is on CIBC's web site, www.cibcwm.com.