CTO Foundation Receives Cash Injection

13th Jun 2003

The Caribbean Tourism Organisation (CTO)å‘s scholarship program under the CTO Foundation, has received a financial boost with monetary contributions from two key allied members.
Interval International, a leading global holiday exchange company, along with resorts affiliated with its exchange network has made a US$30,000.00 donation and Jacqueline Johnson, Caribbean travel director of Conde Nast Bridal Group contributed US$5,000.00 to the Foundation.
The cheques were presented to the Foundation at the 30th annual Governments of the Caribbean State Ball at the Waldorf - Astoria in New York City on Friday, June 6th, 2003.
“Interval International is proud to continue its commitment to the growth of the Caribbean region through the CTO Foundation, an organisation that has done so much to further education in the hospitality and tourism industries in the Caribbean,” said Marcos Agostini, Interval International’s region director for the Caribbean and Latin America, Resort Sales and Service Department.
“The CTO Foundation has been doing an outstanding job in assisting Caribbean nationals in furthering their education in tourism and hospitality and this contribution is in support of its efforts,” added Ms. Johnson.
The CTO’s secretary general, Jean Holder and chairman of the CTO Foundation, Dr. Karl Rodney thanked Interval International and Ms. Johnson for their contributions.
“We are deeply appreciative of the support we have received from Interval International and from the Conde Nast Bridal Group, particularly Ms. Johnson, who made this contribution from her personal finances. Their dedication to the Foundation is exemplary,” said Mr. Holder.
The CTO Foundation, set up in 1997, is registered in the New York State, USA, as a Not-for-Profit Corporation, established exclusively for charitable and educational purposes. Its main aim is to provide scholarships and study grants to students and industry personnel who are Caribbean nationals from CTO member countries who want to undertake studies in the areas of tourism, hospitality and language training. The Foundation supports individuals who demonstrate high levels of academic achievement and leadership potential and who express a strong interest in contributing to Caribbean tourism.
Since 1997, the Foundation has provided 11 major scholarships and 31 study grants, amounting to just over US$250, 000, to deserving Caribbean nationals. Major CTO Foundation sponsors include American Express, American Airlines, Interval International, the CTO Chapters worldwide and numerous CTO allied members.
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