Press Releases

Hbc Donates $300,000 to the Canadian Paralympic Committee

17 February 2007

OTTAWA, February 17, 2007 - The Canadian Paralympic Foundation (CPF) received a $300,000 donation from Hudson’s Bay Company (Hbc) to support the Paralympic Legacy Fund. This is the first of seven yearly donations from Hbc, and is part of the company’s $2.9 million annual donation to help all Canadian athletes reach their potential and compete on the world stage.

 

The $300,000 is the largest single contribution made to the Paralympic Legacy Fund to date and will assist in achieving the $10 million fundraising target. The investment income from the fund will provide an ongoing legacy of opportunities for Canadians with physical disabilities to participate in Paralympic sport.

“Hbc’s contribution will be used to knock down the barriers to participation and enable more Canadians with disabilities to feel the rush of confidence, good health and empowerment that Paralympic sport provides,” said Senator Joyce Fairbairn, Chair of the Canadian Paralympic Foundation. “From recreation to high performance excellence, Paralympic sport provides an exciting avenue of fulfillment for people with disabilities. Hbc is recognized as a key supporter of the Paralympic Movement.”

Hbc has committed to raising $20 million by 2012 to support Canadian athletes. This includes Canada’s sport organizations, such as the Canadian Paralympic Committee and Canadian Olympic Committee. Remaining proceeds will support 200 athletes and provide grants to Canada’s national training centres. The contribution will be raised through a number of in-store promotions and national events such as the Hbc Run for Canada, held every July 1.

The Canadian Paralympic Committee (CPC) is a non-profit, charitable, private organization that is recognized by the International Paralympic Committee (IPC). CPC delivers programs that strengthen the Paralympic Movement in Canada, including sending Canadian teams to the Paralympic Games. The CPC empowers persons with physical disabilities, through sport, at all levels. For more information or to make a donation to the Paralympic Legacy Fund visit our website at: www.paralympic.ca

Hbc is Canada's largest diversified general merchandise retailer, operating in department store (the Bay), mass merchandise (Zellers), specialty (Home Outfitters and Designer Depot) and discount (Fields) formats. With over 550 stores and nearly 70,000 associates located in every province in Canada, Hbc provides Canadians with stylish, quality merchandise at great value, through retail banners focused on exceptional customer service. Hbc is a Canadian retail leader in corporate social responsibility, and the fourth annual Hbc CSR report can be found at www.hbc.com.