TD Bank allocates $25M to organizations engaged in COVID-19 fight

TD Bank Group introduced on Wednesday a $25 million program to help organizations engage in COVID-19 response efforts.

The TD Community Resilience Initiative, which is part of the bank’s corporate citizenship platform TD Ready Commitment, includes funding, employee engagement and collaboration with organizations and community groups to help strengthen community resilience now and in the future.

“Across society, lives are being disrupted in unprecedented ways and TD stands shoulder-to-shoulder with the communities we serve,” Bharat Masrani, CEO and group president, TD Bank Group, said. “Our purpose is to enrich lives, and in this critical moment we want to be there to help those who will deliver the care, services and support that millions will need to overcome today’s challenges and thrive once again.”

Here’s the breakdown of the program:

  • $13 million for philanthropy, including $1 million to The Frontline Fund to help Canadian frontline health care workers and $1 million to the Canadian Association of Community Health Centres and the National Association of Community Health Centers;
  • $2 million matching grants program to amplify the impact of the donations to the COVID-19 relief;
  • $10 milllion through TD Ready Challenge.

“COVID-19 has demonstrated how health, social and economic needs are intrinsically linked,” Andrea Barrack, global head, sustainability and corporate citizenship, TD Bank Group, said. “The TD Ready Commitment was built on that premise, recognizing that strong communities will lead to a more inclusive future for all.”

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