TORONTO, Nov. 27, 2013 /CNW/ - Today Social and Enterprise Development
Innovations (SEDI) announced that the TD Financial Literacy Grant Fund
has awarded $1.1 million in grants to 15 community organizations in
support of financial literacy projects. The Fund supports organizations
that deliver financial literacy programming to people living in low
income and economically disadvantaged circumstances across the country.
The TD Financial Literacy Grant Fund, administered by SEDI, will support
programs focused on financial education and support for women, people
who are homeless, newcomers, at-risk youth, people in conflict with the
law, and Aboriginal people in this round of contributions.
"Financial literacy programs for vulnerable groups serve an important
function in translating financial information and advice and adapting
it to respond more directly to a person's life circumstances," said
Elizabeth Mulholland, Chief Executive Officer, SEDI. "With the right
knowledge and skills, people living in low-income are able to make
better financial decisions on their journey towards self sufficiency."
"Everyone regardless of their history and background should have the
opportunity to better their lives financially and break the cycle of
poverty. The TD Financial Literacy Grant Fund provides support for
innovative financial education tailored to serve specific needs," said
Scott Mullin, Vice President, Community Relations, TD Bank Group. "We
are extremely proud to work with SEDI and to demonstrate our commitment
to fostering financial education through many of our own TD employees
who are leading these programs in their own communities."
"New Canadians face many challenges upon arrival to their new home,"
said Fitsum Getahun, Asset Building Program Coordinator, Immigrant and
Refugee Community Organization of Manitoba (IRCOM) Inc. "Besides a high
poverty rate, they also have limited access to culturally appropriate
resources and supports. To better understand and navigate the Canadian
financial system they need financial literacy classes that have been
adapted to their context, and delivered in such a way that their low
literacy rates and limited English are not a barrier. With the help of
the TD Financial Literacy Grant Fund, IRCOM will join the many
organizations and individuals working in our communities to help
newcomers gain financial literacy and skills."
"Option consommateurs is delighted to be a TD Financial Literacy Grant
Fund recipient once more," said Caroline Arel, Acting Executive
Director of Option consommateurs. "With this support we'll be able to
create a multimedia educational package for Inuit communities in Quebec
that will enable members of these communities to make more informed
To date, the TD Financial Literacy Grant Fund has awarded approximately
$8 million to 105 community organizations across Canada. Grants are
awarded for innovation, research and development, and strategic program
development in the area of community-based financial literacy. A
further $2.5 million will be allocated over the three remaining rounds
of the Fund to financial literacy projects proposed by charitable and
community organizations from across Canada.
The following is a full list of grant recipients:
Aboriginal Centre for Leadership and Innovation - Fort St. John, BC
Association coopérative d'économie familiale du Centre de Montréal -
Boys and Girls Clubs of Canada - Toronto, ON
Community YWCA of Muskoka - Bracebridge, ON
Credit Counselling Service of Sault Ste. Marie and District - Sault Ste.
Girls Incorporated of Limestone, Algonquin and Lakeshore - Kingston, ON
Immigrant and Refugee Community Organization of Manitoba (IRCOM) Inc. -
John Howard Society of Ottawa - Ottawa, ON
Neighbour to Neighbour Centre - Hamilton, ON
Prince George Aboriginal Business Development Association - Prince
The Elizabeth Fry Society, Toronto Branch - Toronto, ON
The Ottawa Young Men's and Young Women's Christian Association - Ottawa,
The Social Research and Demonstration Corporation - Ottawa, ON
The Union Mission for Men - Ottawa, ON
United Way of Bruce Grey - Owen Sound, ON
The deadline for the next round of applications will be January 30,
2014. For more information please visit: www.sedi.org/grantfund.
SEDI is a charitable non-profit organization dedicated to expanding
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 www.theccfl.ca and www.sedi.org/grantfund.
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 www.td.com/corporate-responsibility.
SOURCE: TD Bank Group
For further information:
Julie McFayden, SEDI
416-665-2828, ext. 231
Tashlin Hirani , TD Bank Group