CHERRY HILL, N.J. and PORTLAND, Maine, July 7 /PRNewswire/ -- The TD Charitable Foundation, the charitable giving arm of TD Bank, America's Most Convenient Bank announced that it will award $1.7 million in grants to support affordable housing initiatives from Maine to Florida, through its 2010 "Housing for Everyone" grant competition. The fifth annual "Housing for Everyone" grant competition is one of the company's most widely known signature programs.
Capital Improvements for Affordable Housing is the theme for this year's grant competition. Preservation or improvement activities must make a qualitative difference in the lives of residents, improve the overall condition of the property, provide overall cost savings and/or improve energy efficiency. The Foundation will award 34 grants ranging from $10,000 to $100,000, to eligible housing non-profits that submit compelling proposals.
"At TD Bank, we recognize the importance of supporting our local communities," said Elizabeth Warn, president of the TD Charitable Foundation and senior vice president of community development for TD Bank. "Without access to affordable housing, it is difficult to sustain the well-being of the communities we serve. That is why we are proud to help preserve and improve existing homes this year."
Organizations that wish to enter the 2010 grant competition must have tax-exempt 501(c)(3) status; must develop or maintain affordable housing, or provide housing-related programs and services to low- and moderate-income individuals or families; and serve the communities where TD Bank does business. Applicant organizations must also demonstrate fiscal responsibility and the impact they have made on affordable housing efforts in their communities.
Proposals will only be accepted online, at www.TDBank.com, and must be submitted by September 3, 2010, by 4 p.m. Notification of awards will be made in early November 2010.
Over the past few years of the "Housing for Everyone" competition, the Foundation has invested over $5.25 million to help create or maintain more than 4,800 affordable housing units.
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates as TD Bank, America's Most Convenient Bank®, and is one of the 15 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 Bank operates, having made over $61 million in charitable donations since its inception in 2002. The efforts of the Foundation are coordinated locally through TD Bank's community relations departments and are focused on the areas of affordable housing, education and financial literacy, and the environment. More information on the TD Charitable Foundation, including an online grant application, is available at www.TDBank.com.
SOURCE TD Charitable Foundation