Decision comes as other major sponsors and donors move away from WE and in some cases permanently halt all payments to the organization
“After reviewing our partnership, RBC and WE Charity have reached a mutual agreement to end all sponsorship and donation programming,” said a statement from the bank. “Enabling youth remains a key priority for RBC in our commitment to helping communities prosper. We continue to focus on opportunities that help youth develop skills, gain work experience, and more easily access mental well-being services through our broad programming and RBC-created resources.
Last year, RBC CEO David McKay served as co-chairman of a WE Day event in Toronto, and the bank’s chief administrative officer, Jennifer Tory, was listed as one of five major donors to the WE Global Learning Centre, the charity’s $30 million flagship headquarters in downtown Toronto.
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