Grants will provide more than $700,000 support to financial literacy
TORONTO, Nov. 25, 2011 /CNW/ - Social and Enterprise Development
Innovations (SEDI) today announced the 11 community organizations that
have been awarded a total of $741,543 from the TD Financial Literacy
Grant Fund to support financial literacy.
SEDI administers the TD Financial Literacy Grant Fund and selected the
eleven grantees from 157 applications submitted by organizations
focused on serving, among others, women, at-risk youth, new Canadians,
homeless people, seniors, and people with disabilities.
"We continue to see high demand for TD Financial Literacy Grant Fund
support reflecting a critical need for financial literacy in our
society, particularly among lower income and vulnerable groups," said
Liz Mulholland, interim Chief Executive Officer at SEDI. "The diversity
of ideas and client groups within the grantee projects provides great
potential for sharing best practices and improving outcomes in the
"These innovative projects will make a real difference in the lives of
thousands of Canadians who need help the most, including homeless
youth, seniors and new Canadians," said Scott Mullin, Vice-President,
Community Relations, TD Bank Group. "As we celebrate Financial Literacy
Month this November, TD is particularly proud to support these
organizations and the important work they do."
Grants are awarded for innovation, research and development, and
strategic program development of community-based financial literacy
initiatives. Since the Fund's inception in 2010, more than $3.1 million
has been awarded to 40 community organizations across Canada.
Eva's Initiatives for Homeless Youth, from Toronto, was selected for a
project that will build the organization's capacity to deliver
financial literacy tools, counseling, and programming to
"Too many homeless youth are excluded from mainstream financial
institutions, but they - like everyone else - need to make financial
decisions every day. This grant will enable us to help homeless youth
gain the knowledge, skills and confidence to make better economic
choices in a way that takes into account their unique challenges and
situation," said Maria Crawford, Executive Director, Eva's Initiatives.
"We plan on sharing what we learn with organizations across Canada to
empower even more street-involved youth."
The Fund will also enable Union des consommateurs, a Montreal-based
organization, to undertake a research project to discover and document
best practices for teaching financial literacy to seniors.
"Financial literacy means something different at different stages in
one's life. This grant will allow us to focus on the tools and programs
that are best suited to promote financial health among Quebec seniors.
As the population ages, this research becomes ever more important,"
said France Latreille, Union des consommateurs.
The full list of grantees is:
Eva's Initiatives for Homeless Youth, Toronto, ON
Union des consommateurs, Montreal, QC
British Columbia Council for Families, Vancouver, BC
Saint John Community Loan Fund, Saint John, NB
Welcome Inn Community Centre, Hamilton, ON
Burnside Gorge Community Association, Victoria, BC
Canadian Mental Health Association, Ottawa Branch
Operation Come Home, Ottawa, ON
Family Services of Central Alberta, Red Deer, AB
Hanna and District Association for Lifelong Learning, Hanna, AB
Agincourt Community Services Association, Toronto, ON
The Fund is now accepting applications for its fourth round of grants. Applications should be submitted by February 2, 2012. Charitable and nonprofit organizations interested in applying for
grants are encouraged to review the Fund's guidelines, FAQs, and
application form available at www.sedi.org/grantfund.
SEDI is a national, charitable organization that uses innovative
approaches to help low-income Canadians gain financial independence.
Since 1986, SEDI has worked with businesses, governments and more than
1,000 community groups on financial literacy, savings and
entrepreneurship initiatives. SEDI's expertise allows it to influence
public policy, opening the way for low-income Canadians to enter the
social and economic mainstream. For more information, visit www.sedi.org.
TD Community Giving
TD invests in communities to make a positive impact where it does
business and where our customers, clients and employees live and work.
In 2010, TD donated over $50 million to support community organizations
in Canada, the United States and the United Kingdom. In Canada, we
focus on Education and Financial Literacy, Creating Opportunities for
Young People, and the Environment. For more information, visit www.td.com/corporateresponsibility.
SOURCE Social and Enterprise Development Innovations (SEDI)
For further information:
TD Financial Literacy Grant Fund/SEDI
416-665-2828, ext. 238