Vermont Business Magazine The TD Charitable Foundation, the charitable giving arm of TD Bank recently donated a total of $10,000 to the Committee on Temporary Shelter (COTS) as part of the foundation’s commitment to giving back to the community. COTS is the largest provider in Vermont of shelter and services for people who are homeless or at risk of becoming homeless. It serves more than 2,400 people annually, from birth to age 65+, primarily low- and extremely-low income households who reside in Chittenden County, Vermont. Founded in 1982, COTS provides emergency shelter to homeless families and individuals, homelessness prevention, housing navigation and referral services to those who are homeless or marginally housed, and permanent housing to low-income families and individuals. The funds from the TD Charitable Foundation will be used to support the organization's homelessness prevention efforts through the COTS’ Housing Resource Center.
"By supporting COTS's efforts to provide prevention programs and services to individuals who are on the verge of homelessness, we believe we are contributing to breaking the cycle," said Phil Daniels, Market President, TD Bank. "TD is committed to driving positive change through working collaborations that enrich the lives of our communities across Vermont, and we are honored to be a part of this effort."
The TD Charitable Foundation has been a longtime supporter of the Housing Resource Center, COTS innovative homelessness prevention and housing retention program. Over the years the TD Charitable Foundation has donated tens of thousands of dollars to the program designed to help prevent families in crisis from becoming homeless and to move people who are in emergency shelter more quickly into stable, sustainable housing.
Rita Markley COTS Executive Director noted that the TD Charitable Foundation has been supporting COTS work for nearly two decades and is a key advocate for its homelessness prevention programs, "We are so grateful to have the continued support of TD Charitable Foundation. Their longtime partnership in our efforts to end homelessness by preventing it from happening in the first place has been invaluable."
A staunch commitment to active involvement in the local community is a vital element of the TD Bank philosophy. TD Bank, America’s Most Convenient Bank®and the TD Charitable Foundation provide support to affordable housing, financial literacy and education, and environmental initiatives, many of which focus on improving the welfare of children and families.
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank, America’s Most Convenient Bank®, one of the 10 largest commercial banking organizations in the United States. Since its inception in 2002, the Foundation has distributed more than $193.8 million and more than 19,000 grants in charitable donations from Maine to Florida. The Foundation’s mission aligns with The Ready Commitment, a new multi-year program that TD launched in March 2018 to help individuals and communities prosper. As part of The Ready Commitment, TD targets CDN $1 billion (US $775 million) in total by 2030 towards community giving in four areas critical to opening doors for an inclusive tomorrow – Financial Security, a more Vibrant Planet, Connected Communities and Better Health. Through The Ready Commitment, TD’s aspiration is to link business, products, services, and community giving to help people feel more confident – not just about their finances, but about their future and their ability to achieve their personal goals in a changing world. For further information, visit TD.com/thereadycommitment. More information on the TD Charitable Foundation, including the online grant application, is available at TDBank.com.
Source: June 26, 2018 – Burlington, Vermont – The TD Charitable Foundation