New York, September 23, 2024 - Today, Scotiabank announced it is investing more than $1 million over three years in Teach For All as part of the Bank’s ScotiaRISE™ initiative. The funding deepens the ScotiaRISE impact investment in equitable education across the North American corridor in alignment with Scotiabank’s commitment to growing its footprint in the United States.

Teach For All is a global network of organizations working to ensure all children have the education, support, and opportunity to fulfill their potential. The new funding scales up efforts with Teach For America, which intends to recruit and train 10,000 classroom leaders, potentially reaching 600,000 students in the country. Enseña por México plans to recruit and train 640 leaders in Mexico, reaching an estimated 36,000 students.

ScotiaRISE works with leading community partners to help disadvantaged individuals, families and communities become economically resilient. The support for Teach for All marks the largest single community investment in the United States and Mexico to date for ScotiaRISE, Scotiabank’s $500 million CAD commitment and social impact strategy.

“By training teachers in underserved communities, Teach For All’s programs help unlock educational opportunities that can profoundly shape students’ paths in the rest of their lives,” says Meigan Terry, SVP and Chief Sustainability, Social Impact and Communications Officer at Scotiabank. “These initiatives are well-aligned with ScotiaRISE’s focus on education as a way to help improve social wellbeing and foster future economic opportunity for youth in these programs.”

“We are grateful for our partnership with ScotiaRISE, which will help us provide improved access to education for children in the US and Mexico, while empowering a new generation of educational leaders,” says Mariana Franco, Head of Corporate Partnerships at Teach For All. “All children, particularly those in low-income communities facing poverty, discrimination, trauma, and inadequate school systems, deserve access to education and support allowing them to develop to their full potential.”

About ScotiaRISE

ScotiaRISE is Scotiabank's ten-year, $500 million CAD commitment and social impact strategy aimed at improving high school and post-secondary participation and removing career barriers. ScotiaRISE also invests in programs that address newcomer economic inclusion, Indigenous culture and language reclamation, and urgent and basic needs, such as improving access to basic supports like food and water, shelter, and medical care. Since the program's inception in 2021, ScotiaRISE has invested $102 million CAD in funding globally for 200 organizations, helping individuals and disadvantaged groups at 1.6 million critical moments in time¹.

About Scotiabank

Scotiabank’s vision is to be our clients’ most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion CAD (as at April 30, 2024), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on X @Scotiabank.

About Teach For All (TFA)

Teach For All is a global network of more than 60 independent, locally led organizations and a global organization united by a commitment to developing collective leadership to ensure all children can fulfill their potential. Each network partner recruits and develops promising leaders to teach in their nations’ under-resourced schools and communities and, with this foundation, to work with others, inside and outside of education, towards a world where all children have the education, support, and opportunity to shape a better future.

For media inquiries: