The CIBPA’s bursary program started on May 13th, 1958.
At the time, the committee was presided over by Me Raphaël Esposito and made up of the following members: Dr. Antonio Binda, Antonio Capobianco, Patsy Colangelo, Alfredo Gagliardi, Jos. A. Garofalo, Dominic Padulo, Dr. Victor Panaccio, Louis Tondi and Martin Tucci.
During a general assembly, held in August of 1959, Alfredo Gagliardi was given consent to create a trust fund (CIBPA’s Benefactors’ Fund) to help students receive bursaries.
In 1961, the CIBPA’s Student Bursary Program awarded its first bursaries to young university students of Italian origin. On this occasion, 4 bursaries were granted, totalling $ 1,000
Together, these distinguished business men worked with the community to ensure a supported, educated and solid succession, which in turn, allow them to face and take on new challenges in the emerging business world. While contributing to the Quebec society and the Canadian-Italian community.