TD Financial Literacy Grant Fund awards over $800,000 in grants to 12 organizations

TD Financial Literacy Grant Fund awards over $800,000 in grants to 12 
TORONTO, Jan. 7, 2013 /CNW/ - Social and Enterprise Development Innovations 
(SEDI) today announced that the TD Financial Literacy Grant Fund has awarded 
$837,321 in grants to 12 community organizations engaged in financial literacy 
projects across Canada. 
Administered by SEDI, the Fund provides grants to charitable and non-profit 
organizations that support and promote financial literacy for low income and 
economically disadvantaged people in Canada. The Fund's fifth round of 
contributions will support programs that help provide financial literacy 
education to vulnerable Canadians, including adults with low literacy, 
newcomers, Aboriginal people, women affected by abuse and poverty, and at-risk 
"Financial literacy is a basic need for every Canadian," explained SEDI CEO 
Elizabeth Mulholland, "but low-income and vulnerable Canadians face real 
challenges when it comes to getting accurate financial information and advice 
that meets their needs. Community financial literacy programs play a critical 
role in translating basic financial information and advice and adapting it to 
respond more directly to the life context and needs of vulnerable Canadians." 
"At TD, we recognize the importance of innovative financial education to 
helping Canadians break the cycle of poverty," said John Tracy, Senior Vice 
President, TD Bank Group. "We are proud to have created the TD Financial 
Literacy Grant Fund, which is making a real difference in the lives of 
thousands of people all across Canada. We are even prouder that over 1,000 TD 
employees volunteer their time every year to improve financial literacy in 
their communities." 
Since the Fund's inception in 2010, it has awarded approximately $5 million to 
67 community organizations across Canada. Grants are awarded for innovation, 
research and development, and strategic program development of community-based 
financial literacy initiatives. A further $5 million will be allocated over 
the five remaining rounds of the Fund, to financial literacy projects proposed 
by charitable and community organizations from across Canada. 
"The Aboriginal Financial Officers Association of Canada is pleased to be 
working with TD and SEDI on this initiative," said Terry Goodtrack, President 
and CEO of AFOA Canada. "Improving the financial literacy and acumen of 
Aboriginal Peoples is like putting in place an essential building block in the 
foundation of our Aboriginal communities. It is important that we understand 
that many of the day-to-day choices we make have a financial impact on us. 
Whether a person is learning about financial literacy for the first time or is 
involved in deciding upon major resource opportunities for their community, 
improved financial skills lead to improved decision-making." 
"Eighty per cent of the clients at READ Saskatoon are employed with most 
earning a low income," said Sheryl Harrow, Executive Director, READ 
Saskatoon. "The TD Financial Literacy Grant will ensure our community has 
increased access to mainstream financial education opportunities. It will 
also help us to position financial literacy as an essential skill, alongside 
reading, writing, and numeracy, allowing for systemic change within families 
and more broadly within our community." 
The following is a full list of grant recipients: 
1. READ Saskatoon, Saskatoon, SK
  2. The Further Education Society of Alberta, Calgary, AB
  3. Women's Centre of York Region, Newmarket, ON
  4. Aboriginal Financial Officers Association of Canada, Ottawa, ON
  5. Centre for Entrepreneurship Education & Development, Halifax, NS
  6. Action Jeunesse St-Pie X de Longueuil Inc, Longueuil, QC
  7. Access Alliance Multicultural Health and Community Services, 
 Toronto, ON
  8. Stella Burry Community Services, St. John's, NL
  9. Women's Enterprise Skills Training of Windsor, Windsor, ON
 10. Actions interculturelles de développement et d'éducation (AIDE), 
 Sherbrooke, QC
 11. Central Valley Adult Learning Association, Oromocto, NB
 12. Youth Employment Services YES, Toronto, ON 
The deadline for the next round of applications will be January 31, 2013. For 
more information please visit: 
About SEDI
SEDI is a charitable non-profit organization whose mission is to expand 
economic opportunity for Canadians living in poverty through program and 
policy innovation. To learn more about SEDI's latest initiatives, the Canadian 
Centre for Financial Literacy and the TD Financial Literacy Grant Fund, please 
visit and 
TD Community Giving 
TD Bank Group invests in communities in order to effect positive change in the 
places where it operates and where its clients and employees live and work. In 
2012, TD donated over $65 million to support community organizations in 
Canada, the United States and the United Kingdom. In Canada, TD focuses on 
education and financial literacy, creating opportunities for young people and 
the environment. For further information, please visit 
Media contact: Julie McFayden SEDI 416-665-2828, ext. 231 
Media contact: Megan Hooper TD Bank Group 416-982-4725 
SOURCE: Social and Enterprise Development Innovations (SEDI) 
To view this news release in HTML formatting, please use the following URL: 
CO: TD Community Giving
ST: Ontario
-0- Jan/07/2013 17:30 GMT
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