TD Awards $2.8 Million to 6 U.S. Organizations Addressing the Impacts of COVID-19 on Vulnerable Communities
CHERRY HILL, NJ, January 26, 2020 - today announced that six U.S. recipients will receive 2020 grant awards totaling $2.8 million* to address the widespread impacts of the COVID-19 pandemic. The recipients are located across TD Bank's Maine-to-Florida footprint.
"The COVID-19 pandemic created a healthcare crisis that exposed social, economic and racial inequities, and we know it continues to disproportionately impact vulnerable populations across the U.S.," said Greg Braca, President and CEO, TD Bank. "This year, we focused the TD Ready Challenge competition on organizations that provide innovative solutions to the communities where we live and work."
The 2020 TD Ready Challenge sought organizations that are developing innovative solutions for addressing inequities exacerbated by the pandemic in communities that were disproportionately impacted by COVID-19.
Organizations were asked to demonstrate how their solutions will drive faster, sustained and equitable recovery through one or more of the four interconnected drivers of change of the TD Ready Commitment, TD's corporate citizenship platform, aimed at opening doors to a more inclusive and sustainable tomorrow.
TD established the TD Ready Challenge in 2018 to identify and support scalable solutions to a specific issue identified within the drivers of the : , , and . This year it is part of the roughly $20 million that TD has allocated to help strengthen community resilience and COVID-19 recovery through the
"It’s clear that generating new ideas and solutions is key to helping all of our communities emerge resilient, inclusive, vibrant and ready for the continually changing future," said Shelley Sylva, Head of U.S. Social Impact, TD Bank. "I can't wait to see the lives changed and opportunities created through the efforts of these winning organizations."
Over 1,300 applications were received this year and evaluated through a comprehensive review process that culminated in a final judging contest comprised of a panel of 18 bank and subject matter experts. A total of 15 North American recipients received awards ranging from $269,500-$770,000.
The U.S. recipients of the 2020 TD Ready Challenge are:
Urban League of Broward County, Inc., LYNX: Service Integration Model for Family Resiliency -Broward County, Florida – Awarded $770,000
This integrated service and coaching model presents a path towards social and economic resilience for families in underserved communities. LYNX leverages program services, artificial intelligence, data science and strategic partnerships to reduce bias and influence policies that impact low-to-moderate income households.
Per Scholas, Inc., Per Scholas Alumni Upskilling Initiative - Baltimore, MD; Boston, MA; Newark, NJ; New York City, NY; Philadelphia, PA and Washington, DC – Awarded $577,500
Through this initiative, the organization will provide enhanced, tuition-free tech training opportunities and career development services for alumni negatively impacted by the COVID-19 crisis, with a focus on with upskilling, reskilling, and professional development opportunities to advance in successful tech careers.
Philadelphia Association of Community Development Corporations, Save Your Biz Philly Program - Philadelphia, PA – Awarded $577,500
through outreach, technical assistance,
Clinica Esperanza Hope Clinic, Responding to the COVID-19 health and economic crisis in a low-income, Spanish-speaking area of Providence, RI – Awarded $316,000
This program plans to Expand the free clinic services and address the unmet healthcare needs of newly unemployed and uninsured patients needing care as a result of COVID-19.
– Awarded $269,500
STEAM (science, technology, engineering, arts, and math), the arts, healthy living, and early literacy.
Penquis, the Rural Maine Financial Coaching Collaborative, Eastern, Central, Mid-Coast, and DownEast Maine, including three Native American Reservations, Penobscot and Passamaquoddy Tribes – Awarded $269,500
This collaboration will provide financial coaching through 10+ social services agencies and support over 30+ case managers in helping hundreds of low-income clients to weather financial difficulties, prioritize bills and budgeting, and to develop and negotiate payment plans, in addition to supporting case managers in understanding the basics of the foreclosure and rental eviction processes to help keep clients in their homes or find reasonable alternatives.
The TD Ready Challenge is part of TD's efforts to help build more resilient societies. For more information about the 2020 TD Ready Challenge and winners, visit . For additional information about the TD Ready Commitment, please visit .
About the 2020 TD Ready Challenge Problem Statement
The 2020 TD Ready Challenge will help support innovative solutions that address the impacts of the pandemic, specifically for communities that are experiencing disproportionate impacts of COVID-19. We are seeking applications that will help drive accelerated, sustained and equitable recovery. Applications must work to explicitly address inequities exacerbated by the pandemic, as well as one or more of the four interconnected drivers of change of the TD Ready Commitment. For more information visit: .
About the TD Ready Commitment
TD has a long-standing commitment to enriching the lives of its customers, colleagues and communities. As part of its corporate citizenship platform, the TD Ready Commitment, TD is targeting CDN $1 billion (U.S. $775 million) in total by 2030 towards community giving in four areas critical to opening doors for a more inclusive and sustainable tomorrow – Financial Security, Vibrant Planet, Connected Communities and Better Health. Through the TD Ready Commitment, TD aspires to link its business, philanthropy and human capital to help people feel more confident - not just about their finances, but also in their ability to achieve their personal goals in a changing world. For further information, visit .
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9.5 million customers with a full range of retail, small business and commercial banking products and services at more than 1,220 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit . Find TD Bank on Facebook at and on Twitter at .
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*All grants are awarded in CAD, the US awards listed here represent the approximate amount in US dollars.