ROYAL Bank of Canada (RBC) announced yesterday a donation of $180,000 to continue the RBC Royal Bank Scholarship for another three years.
This grant will provide three Bahamian students with $15,000 per year to undertake undergraduate studies in areas critical to the continued development of the Bahamas.
“This programme is life-changing for the scholarship recipients,” said Mr Nathaniel Beneby, managing director of RBC Royal Bank in the Bahamas, Cayman and Turks and Caicos.
“The students are selected based on their academic achievements, and also based on financial need.
“These students likely would not have the ability to attend college abroad, were it not for this scholarship award.”
RBC initiated the scholarship fund in 2008 with a $200,000 gift that created the RBC Royal Bank Scholarship at the Canadian Lyford Cay Foundation.
The programme allows Bahamian students to pursue undergraduate studies at colleges and universities in Canada.
Ms Martiniqua Moxey received one of the first RBC Royal Bank scholarships. With the support of the RBC scholarship, Ms Moxey was able to attend Trent University in Peterborough, Ontario, Canada. She graduated in 2011 with a Joint Honours Bachelor of Arts in Economics and International Political Economy. During her summers, she worked at RBC in Canada and in the Bahamas, gaining valuable work experience.
In May 2012, Ms Moxey returned to the Bahamas and obtained a position as a Research Officer at the Central Bank of the Bahamas.
“The scholarship I received from RBC and Lyford Cay set the stage for where I am now,” said Ms Moxey.
“Every day I experience the trickledown effects of this scholarship.
“It gave me the opportunity to receive a world-class education.
“As a result, I continue to volunteer with high school students through mentorship and tutoring, so that they too are aware of the options available to them. I am forever grateful to RBC for all they have done for me.”
The two newest RBC Royal Bank scholarship recipients were announced in fall of 2013. The first student, Allena Albury, is pursuing a bachelor’s degree in economics at Acadia University. Her future plans include obtaining her MBA in Banking and Finance at the American Graduate School in Geneva and securing a position at the Ministry of Finance.
The other is Byron McCartney who is attending the Bachelor of Engineering programme at Dalhousie University.
Eventually, he hopes to obtain a graduate degree from Massachusetts Institute of Technology (MIT). His future plans include establishing his own business manufacturing solar power panels on the island of Andros, his hometown.
“All of the RBC scholarship recipients have agreed to return to the Bahamas after completing their studies abroad,” said Ms Jan Knowles, Manager, Public Relations and Communications, RBC Royal Bahamas, Cayman and Turks and Caicos Islands.
“We want to thank the Lyford Cay Foundations for their support and dedication to giving these Bahamian students access to higher education. We are confident that just like Miss Moxey, all of our scholarship recipients will make positive contributions to our community.”