TD Charitable Foundation

Quick Stats

• Annual Giving: $22,657,015 (2023)
• Total Assets: $5,998,486 (2023)
• Grant Range: $1,000 - $1,000,000
• Number of Awards: 1,078 grants (2024)
• Decision Time: Varies by programme; bimonthly for regional grants
• Geographic Focus: Specific counties in CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, and VA
• Established: 2002

Contact Details

Main Office: TD Charitable Foundation 2211 Congress St Portland, ME 04102-1955

Phone: 207-317-4829

Website: https://www.td.com/us/en/about-us/communities/ready-commitment/funding-opportunities

Email Contacts by Region:

• New England: NewEnglandCharitableGiving@td.com
• New York/CT/NJ: NewYorkCharitableGiving@td.com
• Pennsylvania/NJ: PANJCharitableGiving@td.com
• Mid-South States: MidSouthCharitableGiving@td.com
• Florida: FloridaCharitableGiving@td.com
• Housing for Everyone: US-CharitableGiving@TD.com
• General inquiries: tdreadycommitment@td.com

Overview

The TD Charitable Foundation is the philanthropic arm of TD Bank, the U.S. subsidiary of the Canadian multinational Toronto-Dominion Bank. Established in 2002, the Foundation has contributed over $361 million to nonprofit organisations across TD Bank's footprint from Maine to Florida. The Foundation operates as a private grantmaking foundation (501(c)(3)) with a mission to "support, respect and improve the quality of life in the diverse communities we serve."

The Foundation's strategic approach centres on four key drivers of change: Financial Security (including early learning, income stability, financial literacy, and affordable housing), Vibrant Planet (including clean economic growth supporting the transition to a low-carbon economy and activating green spaces), Connected Communities (increasing access to opportunities for participation and belonging, including arts and culture), and Better Health (research, technology, and innovative solutions that improve access to care for all). Special consideration is given to programmes that benefit historically underserved communities and low-to-moderate income individuals.

In 2024, the Foundation made 1,078 grant awards totalling over $24.3 million. Through the TD Ready Commitment, TD Bank is dedicating approximately $750 million ($1 billion CAD) by 2030 to drive positive change in communities.

Funding Priorities

Grant Programmes

1. Regional Grants

• Grant Range: $5,000 minimum; typical range $5,000 - $150,000
• Application Method: Bimonthly deadlines via online CyberGrants portal
• Focus: Programmes aligned to Financial Security, Vibrant Planet, Connected Communities, and Better Health
• Review Schedule: Six review periods per year
• Average Grant: Approximately $10,000

2. Housing for Everyone

• Grant Range: $150,000 - $250,000
• Annual Total: $7-10 million (varies by year)
• Application Method: Annual competition with fixed deadline
• Focus: Annual theme varies (2024: permanent supportive housing; 2025: homeownership support; 2026: eviction prevention)
• History: Since 2005, has awarded over $63 million to more than 630 affordable housing initiatives
• Eligibility Restriction: Organisations that have received less than $300,000 in funding from TD Bank/TD Charitable Foundation during the specified period

3. Capacity Building Fund

• Capacity Building Grants: $25,000 - $150,000
• Nonprofit Training Resource Grants: Up to $1,000
• Application Method: Accepted twice per year (capacity building); rolling basis (training resource)
• Focus: Strategic planning, staff development, technology enhancements, employee training for conferences
• Target: Nonprofits serving low-to-moderate income and historically underserved communities

4. TD Ready Challenge

• Grant Amount: $1 million USD (or $1 million CAD)
• Annual Total: 10 grants totalling $10 million
• Application Method: Annual competition (currently on pause for 2025)
• Focus: Innovative solutions aligned to TD Ready Commitment drivers; recent focus on supporting underserved small business owners
• History: Since 2018, has granted over $60 million CAD to 65 organisations

Priority Areas

The Foundation focuses on four interconnected areas:

Financial Security

• Affordable housing development and supportive services
• Financial literacy programmes
• Early learning initiatives
• Income stability programmes
• Special emphasis on programmes supporting low-to-moderate income individuals

Vibrant Planet

• Environmental initiatives
• Clean economic growth supporting low-carbon economy transition
• Green space activation

Connected Communities

• Arts and culture programmes
• Programmes increasing access to opportunities for participation
• Community belonging initiatives

Better Health

• Research and innovative health solutions
• Technology improving access to care
• Programmes addressing health disparities

What They Don't Fund

• Individuals
• Religious organisations whose primary purpose is religious practice or worship (though faith-based organisations providing broader community benefit may be considered)
• Organisations that do not affirm compliance with TD Charitable Foundation's anti-discrimination policy
• Unrestricted or undesignated funds (normally)
• Organisations where a TD donation would constitute more than 20% of total operating budget
• Organisations that have received significant funding from United Way and other TD-funded foundations (Black Opportunity Fund, Future Generations Foundation) receive lower priority

Governance and Leadership

The TD Charitable Foundation operates under the leadership of TD Bank and maintains a Board of Directors that makes final funding decisions based on recommendations from regional committees.

Known Leadership:

• Leo Salom, TD Bank President and CEO: "At TD Bank, we know our success is tied directly to the people and the communities we serve. When they flourish, we succeed."
• Andrew Bregenzer, Regional President for Metro New York at TD Bank and Board Member of the TD Charitable Foundation
• Paige Carlson-Heim, Head of US Social Impact at TD Bank

The Foundation emphasises being "committed to understanding and connecting to what matters most in the communities where we work and live" and works "to enrich our communities by contributing to their social and economic development in long lasting, sustainable ways." TD Bank states that "Corporate Responsibility is more than a tradition. Every day we reaffirm our commitment to our communities."

Application Process & Timeline

How to Apply

Step 1: Determine Eligibility Each application begins with an eligibility quiz available on the TD Bank website. Requirements vary by programme.

Step 2: Prepare Required Documentation

• W9 form
• Financial statements
• Budget for proposed programme
• 501(c)(3) documentation (for nonprofits)
• Other documentation as specified in programme guidelines

Step 3: Submit Application Applications must be submitted through the online CyberGrants platform at least 90 days before any sponsorship deadline. Attachments cannot be added once the application is submitted, so ensure completeness before submission.

Regional Grants Application Deadlines (Bimonthly): Applications are accepted six times per year. Check the funding calendar on the TD website for current deadlines.

Housing for Everyone Application: Annual competition with applications typically due in late January/early February or October/November, depending on the year's cycle.

Capacity Building Fund: Accepted twice per year for capacity building grants; rolling basis for nonprofit training resource grants.

Decision Timeline

Regional Grants:

• Applications reviewed at local level
• Final recommendations made by regional committees
• Board approval follows
• Decisions made three times a year (varies by county/state)
• Applicants notified via mail early in the month following grants committee meeting

Housing for Everyone:

• Applications reviewed over 2-3 months
• Grantees typically announced 3-4 months after application deadline

Nonprofit Training Resource Fund: Applicants notified 2-6 weeks from submission.

Missed Deadlines: If you miss an application deadline, your application will automatically be pushed to the following review round (no need to reapply).

Success Rates

Specific success rate data is not publicly disclosed. However, with 1,078 awards made in 2024 from total giving of $24.3 million, the Foundation maintains an active grantmaking portfolio across its various programmes. The Housing for Everyone programme typically awards 32-40 grants annually from a competitive applicant pool.

Reapplication Policy

Organisations are typically considered for funding once per 12-month period. One award per organisation per 12-month period is the standard policy.

For unsuccessful applications, specific waiting periods are not publicly documented. If a grant comes to an end, organisations need to submit a new funding application within noted timelines to be considered for funding. Organisations are encouraged to contact regional giving managers for guidance on reapplication after an unsuccessful attempt.

Application Success Factors

The TD Charitable Foundation provides specific guidance for creating successful applications:

1. Demonstrate Clear Community Impact Your application will be reviewed based on the scope of your initiative, including intended impacts to the community and the ability to measure and track progress. Be specific about how your programme will benefit the communities TD serves, with particular emphasis on low-to-moderate income and historically underserved populations.

2. Submit Complete, Detailed Applications Fill out the application to the best of your ability. The benefits of the programme should be detailed, quantifiable, and included as part of the application. Remember that attachments cannot be added once the application is submitted.

3. Align with TD's Priority Areas Contributions should be programmatic in nature and focus, and add value to the scope of services offered by an organisation. Clearly articulate how your programme aligns with one or more of the Foundation's four drivers: Financial Security, Vibrant Planet, Connected Communities, or Better Health.

4. Provide Strong Financial Justification The amount requested will be assessed based on budgets, financial statements, and other information provided in the application. Ensure your budget is realistic, detailed, and clearly shows how TD funds will be used.

5. Show Innovation and Impact (Especially for TD Ready Challenge) For competitive programmes like the TD Ready Challenge, the Foundation values innovation and encourages applicants to present new strategies, technologies, or partnerships with the potential to disrupt systemic barriers.

6. Geographic Alignment is Critical Ensure your organisation serves communities within TD Bank's footprint in the specific counties of CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, and VA. Geographic eligibility is strictly enforced.

7. Review Recent Grant Recipients Study examples of recent Housing for Everyone winners to understand the types of projects TD funds:

• Community Action Stops Abuse (St. Petersburg): $175,000 for survivors' access to emergency shelter, rapid re-housing, transitional housing, and permanent supportive housing
• Greater Bergen Community Action Inc. (Hackensack): $250,000
• NewCourtland: $175,000 for housing with supportive services

8. Maintain Professional Communication If you have questions about the process or your request, contact tdreadycommitment@td.com or the appropriate regional contact. Due to high volume, individual meetings with applicants are not possible.

Key Takeaways for Grant Writers

• Geographic precision matters: TD only funds specific counties within its 16-state footprint. Verify your location is eligible before applying.

• Programmatic focus is essential: Contributions must be programmatic, not general operating support or unrestricted funds. Clearly articulate specific programmes and measurable outcomes.

• Timing is everything: With bimonthly regional grant deadlines and annual Housing for Everyone competitions, plan applications well in advance. Submit at least 90 days before any sponsorship deadline.

• Low-to-moderate income focus: Special consideration goes to programmes benefiting historically underserved communities and low-to-moderate income individuals. Make this connection explicit in your application.

• Think capacity building: Beyond programme grants, TD offers substantial capacity building support ($25,000-$150,000) for strategic planning, staff development, and technology. Consider applying for organisational strengthening funds.

• One shot per year: With a policy of one award per organisation per 12-month period, make your application count. Choose the most strategic programme and timing for your submission.

• Housing opportunities are significant: If your organisation works in affordable housing, the Housing for Everyone programme offers substantial grants ($150,000-$250,000) but is highly competitive and theme-specific each year.

References

1. TD Charitable Foundation official website: https://www.td.com/us/en/about-us/communities/ready-commitment/funding-opportunities/td-charitable-foundation (Accessed January 2026)

2. ProPublica Nonprofit Explorer - TD Charitable Foundation (EIN 141864317): https://projects.propublica.org/nonprofits/organizations/141864317 (Accessed January 2026)

3. GuideStar Profile - TD Charitable Foundation: https://www.guidestar.org/profile/14-1864317 (Accessed January 2026)

4. TD Stories: "TD Charitable Foundation Awards $7 million in Grants to 37 Non-Profits Supporting Housing for Marginalized Communities" (May 2024): https://stories.td.com/us/en/article/td-charitable-foundation-awards-7-million-in-grants-to-37-non-profits-supporting-housing-for-marginalized-communities

5. TD Charitable Foundation Regional Grants Guidelines: https://www.td.com/content/dam/tdb/document/pdf/about-us/final-td.com-regional-grants-v5-0524-acc-en.pdf (Accessed January 2026)

6. Inside Philanthropy - TD Charitable Foundation profile: https://www.insidephilanthropy.com/find-a-grant/grants-t/td-charitable-foundation (Accessed January 2026)

7. TD Bank: "TD Charitable Foundation Opens Applications for $10M in Grants for Nonprofits Helping Renters Stay Housed" (October 2025): https://stories.td.com/us/en/article/td-charitable-foundation-opens-applications-for-10m-in-grants-for-nonprofits-helping-renters-stay-housed

8. Instrumentl - TD Charitable Foundation 990 Report: https://www.instrumentl.com/990-report/td-charitable-foundation (Accessed January 2026)

9. TD Bank website - Housing for Everyone: https://www.td.com/us/en/about-us/communities/ready-commitment/funding-opportunities/housing-for-everyone (Accessed January 2026)

10. TD Bank Press Release: "2024 TD Ready Challenge focuses on addressing systemic barriers that underserved small business owners face" (July 2024): https://td.mediaroom.com/2024-07-24-2024-TD-Ready-Challenge-focuses-on-addressing-systemic-barriers-that-underserved-small-business-owners-face,-with-10-million-in-grants-available-for-innovative-solutions