Philanthropy

They say Bermuda is an island swimming in money, an island where royals and celebrities reside. I'm not sure about the royals and celebrities bit, but this island sure is brimming with money. This article states how Bermuda's Butterfield Bank donated a total of USD $5 million to local charities on Monday. Oye! $5 million can go a long long way and it's good to see charities as the recipients of such large a sum. Here's hoping that $5 million is put to good use and not caught up in red tape or in corrupt hands (like it does in other countries). Toronto's charities would be lucky to get even half that from just one organization, let alone from a number of them.