Toronto, ON (Thursday July 26, 2012) – The ACE Board of Directors is pleased to announce the most recent addition to the list of ACE National Partners, Genworth Canada. The partnership involves the development and launch of a grant program that empowers student teams with the skills and resources to strengthen the financial well-being of individuals and communities across Canada.
“Genworth Canada and ACE share in the belief that leadership includes being a good citizen and giving back to communities,” says Amy Harder, President of ACE. “Thanks to the support of donors like Genworth Canada, our students are making a meaningful contribution to communities today, while also discovering their potential to achieve an even greater impact as the leaders of tomorrow.”
Through a pledge of $50,000 along with the donation of time and expertise from its employees, Genworth Canada has established the “Genworth SIFE Financial Literacy Project Fund”. SIFE teams will have the opportunity to apply for project grants valued at $3,000. Aligned with Genworth Canada’s commitment to financial literacy education, the project fund was designed to support student teams as they develop and implement projects that serve to address unique financial education needs and opportunities in their communities. Along with the grant funding, teams will also be assigned a Genworth Canada project advisor to help support their efforts.
“We are excited about our partnership with ACE and believe this is a great opportunity to promote financial literacy among today’s youth”, says Brian Hurley, Chairman and CEO of Genworth Canada. “By helping this generation of future homebuyers better understand the importance of managing their finances, we are delivering on our commitment to helping Canadians achieve their homeownership dreams responsibly.”
Genworth Canada joins a diverse list of over 40 leading corporations, foundations and generous individual donors advancing the mission of ACE to teach and ignite young Canadians to create brighter futures for themselves and their communities.
About Genworth Canada
Genworth Canada is the brand name of Genworth Financial Mortgage Insurance Company Canada, a subsidiary of Genworth MI Canada Inc. (TSX:MIC), and has been the leading Canadian private residential mortgage insurer since 1995. Known as “The Homeownership Company,” it provides default mortgage insurance to Canadian residential mortgage lenders that enables low down payment borrowers to own a home more affordably and stay in their homes during difficult financial times. Genworth Canada combines technological and service excellence with risk management expertise to deliver innovation to the mortgage marketplace. As of December 31, 2011, Genworth Canada had $5.4 billion in total assets and $2.7 billion in shareholders’ equity. Based in Oakville, Ontario, the Company employs approximately 265 people across Canada. Find out more at www.genworth.ca.