CHERRY HILL, N.J. and PORTLAND, Maine, June 17 /PRNewswire/ -- The TD
Charitable Foundation announced that it has increased the funding available
through the Non-Profit Training Resource Fund to $300,000, and expanded the
program to support eligible organizations based throughout Commerce Bank
and TD Banknorth's combined footprint from Maine to Florida.
The Non-Profit Training Resource Fund provides donations to support job
training, education and growth opportunities for employees of non-profit
organizations. The Foundation launched the program in 2007 with an initial
$100,000 commitment, in response to a decrease in funding available to
non-profits at the federal, state and private levels.
"The TD Charitable Foundation recognizes that professional development
is key to the effectiveness and vitality of any organization. However,
non-profits are often faced with budget constraints, leaving them with few
resources for staff education and training," said Elizabeth K. Warn,
Executive Vice President of Community Development for TD Banknorth and
President of the TD Charitable Foundation. "To help remedy this situation,
the Non-Profit Training Resource Fund makes job training opportunities
possible for non-profits and their employees."
The Non-Profit Training Resource Fund will provide donations of up to
$1,000 per calendar year to non-profits to cover tuition expenses for
courses that will strengthen employees' job performances.
To be eligible, an organization must have 501(c)(3) status, and its
focus must be to support affordable housing for low- and moderate-income
individuals; to promote small business development; or to provide financial
literacy programs to low- and moderate-income youth, individuals or
The organization must also be based and serve communities in
Connecticut, Delaware, the District of Columbia, Florida, Maine, Maryland,
Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont
or Virginia, where either Commerce Bank or TD Banknorth has a presence.
An online application and additional information about the Non-Profit
Training Resource Fund is available at http://www.TDBanknorth.com and
http://www.commerceonline.com/communityrelations. Applications will be
accepted on a rolling basis.
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank
N.A., which operates under the trade names TD Banknorth and Commerce Bank
and is one of the 20 largest commercial banking organizations in the United
States. The Foundation's mission is to serve the individuals, families and
businesses in all the communities where TD Banknorth and Commerce Bank
operate, having made over $34.4 million in charitable donations since its
inception in 2002. The efforts of the Foundation are coordinated locally
through TD Banknorth's and Commerce Bank's community relations departments
and are focused on the areas of economic empowerment, youth development and
community support. More information on the TD Charitable Foundation
including an online grant application is available at
http://www.TDBanknorth.com or at http://www.commerceonline.com
SOURCE TD Charitable Foundation