TD Bank Group's Million-Dollar Gift Establishes Recruitment Fund for Princess Margaret Cancer Centre

TORONTO, Feb. 2, 2015 /CNW/ - The Princess Margaret Cancer Centre, one of the top 5 cancer research centres in the world, received a substantial boost today from TD Bank Group. A $1-million gift will establish the TD Collaboration and Recruitment Fund to recruit post-doctoral students, fellows and other researchers to The Princess Margaret. Recruitment is an integral part of The Princess Margaret's Billion Dollar Challenge for Personalized Cancer Medicine.

"Personalized Cancer Medicine has positive potential benefits for patient care and Princess Margaret Cancer Centre is at the forefront," said Tim Hockey, President and CEO, TD Canada Trust. "We're honoured to establish the TD Collaboration and Recruitment Fund and help the Centre's next generation of talented scientists continue innovating in cancer research."

The new program will focus on creating partnerships and recruiting the brightest candidates from leading cancer centres, which is vital for revolutionary breakthroughs, and with TD's support, building these links moves The Princess Margaret closer to its vision of conquering cancer in our lifetime.

The Princess Margaret leads the way in the development of Personalized Cancer Medicine, the new gold standard in cancer care, but it requires significant investment to hire the personnel to develop innovative techniques and technology in order to detect cancers earlier, diagnose cancers with more precision, target treatments for each individual patient and support patients and their families through the cancer journey. Support from the TD Collaboration and Recruitment Fund will assist The Princess Margaret in the recruitment of talented leaders, train future leaders through fellowships, and facilitate high-quality research by hiring clinical research coordinators and support staff.

Paul Alofs, President & CEO of The Princess Margaret Cancer Foundation, stated, "This generous gift from TD provides a new generation of skilled scientists the opportunity to grow and succeed at The Princess Margaret, one of the top 5 cancer research centres in the world. This is a very exciting time in cancer care. The way our scientists and clinicians diagnose cancer is undergoing a major transformation as we integrate new ideas and technology that will allow us to conquer cancer in our lifetime."

The $1-million gift allows the Princess Margaret Cancer Centre to immediately begin recruitment.

About Princess Margaret Cancer Centre
The Princess Margaret Cancer Centre has achieved an international reputation as a global leader in the fight against cancer and delivering Personalized Cancer Medicine. The Princess Margaret, one of the top 5 cancer research centres in the world, is a member of the University Health Network, which also includes Toronto General Hospital, Toronto Western Hospital and Toronto Rehabilitation Institute. All are research hospitals affiliated with the University of Toronto. www.theprincessmargaret.ca

About The Princess Margaret Cancer Foundation
The Princess Margaret Cancer Foundation at University Health Network is raising funds to lead the way in Personalized Cancer Medicine at the Princess Margaret Cancer Centre, one of the top 5 cancer research centres in the world, which includes The Campbell Family Cancer Research Institute and The Campbell Family Institute for Breast Cancer Research. www.thepmcf.ca

About TD Community Giving
TD Bank Group invests in communities in order to effect positive change in the places where it operates and where its customers and employees live and work. In 2014, TD donated more than $82 million to 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 Princess Margaret Cancer Foundation

Image with caption: "Princess Margaret Cancer Centre (CNW Group/Princess Margaret Cancer Foundation)". Image available at: http://photos.newswire.ca/images/download/20150202_C7996_PHOTO_EN_11728.jpg

For further information: Kevin Shea, Director, Public Relations, The Princess Margaret Cancer Foundation, Kevin.shea@thepmcf.ca, 416-946-2898 ; Amanda Tran, Corporate and Public Affairs, TD Bank Group, amanda.tran@td.com, 416-983-7212

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