TD Bank awards $2.8 million to support equitable COVID recovery

TD Bank awards $2.8 million to support equitable COVID recovery

TD Bank has announced grants totaling $2.8 million in support of efforts to drive a faster, more equitable recovery from the COVID-19 pandemic in vulnerable communities across the United States. 

Through the third annual TD Ready Challenge, the bank awarded grants to six U.S. nonprofits working to develop innovative solutions to inequities exacerbated by the pandemic in disproportionately impacted communities. Recipients include the Baltimore Children's Museum ($269,500), which will use its grant to provide educational enrichment programs for underserved children, safely reopen the museum for high-need groups, enhance programming aimed at closing the digital divide for early learners, and coach staff on how to better support traumatized children; Clinica Esperanza Hope Clinic ($316,000), which plans to expand free clinic services to meet the healthcare needs of the newly unemployed and uninsured in a low-income, Spanish-speaking area of Providence, Rhode Island; and Penquis and the Rural Maine Financial Coaching Collaborative ($269,500), which will work with social service agencies and case managers to provide financial coaching for low-income clients and help them avoid foreclosure and eviction. 

Other recipients include Per Scholas ($577,500), which plans to provide enhanced tuition-free tech training opportunities and career development services in six cities for alumni impacted by the pandemic; the Philadelphia Association of Community Development Corporations ($577,500), which is working to help minority-led and -serving small businesses retain or re-hire laid-off employees; and the Urban League of Broward County ($770,000), which will use data to leverage the impact of its programs, reduce bias, and influence policy and practices that affect low- to moderate-income families in the county.

The Toronto-based bank also awarded grants to nine Canadian organizations. 

"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 TD Bank president and CEO Greg Braca. "This year, we focused the TD Ready Challenge competition on organizations that provide innovative solutions to the communities where we live and work."

(Photo credit: Philadelphia Association of Community Development Corporations)

"TD Awards $2.8 million to 6 U.S. organizations addressing the impacts of COVID-19 on vulnerable communities." TD Bank press release 01/26/2021.