TD Bank Group has launched the TD Ready Challenge which makes available ten $1 million grants “to help catalyze innovative solutions for a changing world.”
This announcement follows the recent launch of The Ready Commitment, a multi-year program targeting CDN $1 billion in total by 2030 towards community giving.
The TD Ready Challenge will address four areas identified within The Ready Commitment as critical to building an inclusive future: financial security, a more vibrant planet, connected communities and better health. TD says eligible organizations will be invited each year to submit proposals offering scalable solutions to a specific issue identified within The Ready Commitment.
Focus on financial security
In its inaugural year, the TD Ready Challenge will focus on financial security, “seeking innovative solutions to help increase income stability and prepare people for the skills they need for the economy of the future,” says the bank.
"TD wants to help open doors for people so they can more confidently move forward in a rapidly changing world and be prepared to seize the opportunities that come with accelerated shifts in how we work and live," says Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group. "The TD Ready Challenge will help encourage new ways of thinking towards solutions that help foster greater income stability. We look forward to helping people and communities prepare for the future by providing financial support to eligible organizations with innovative ideas."
Applications for the 2018 TD Ready Challenge will be accepted until July 27. Grant recipients for the first year of the TD Ready Challenge will be announced this fall.