Hard Work Pays Off For U.S. Teachers

New York City, New York, May 28, 2003 – More than 20 American teachers will get to take summer sabbatical trips, thanks to a $100,000 donation from RBC Capital Markets to Fund for Teachers, a charitable organization that provides grants to teachers.

RBC Capital Markets and other corporations will be recognized at a presentation in New York City on May 19 for their contributions, which has allowed the Fund for Teachers to expand into other parts of the United States.

Raymond Plank, CEO of Houston-based Apache Corporation, an oil and gas company, started the fund to celebrate the hard work of teachers. Plank believes recognizing the value of a teacher’s personal potential helps inspire potential in students.

Fund for Teachers provides grants up to $5,000 to K-12 teachers for summer sabbatical travel to explore a personal or professional passion. In 2002, 150 teachers from Houston, Tulsa, Oakland, Minneapolis, St. Paul and Denver received grants to travel and gain experience and information to use in the classroom.

RBC Capital Market’s gift will therefore touch the lives of thousands of students who will benefit from their teacher’s new knowledge.

In order to qualify for a grant, teachers must propose a summer activity and explain how the activity will make them a better teacher. Applicants must also describe what new skills they will gain and how they will implement these skills in the classroom.