TD Bank Group (TD) recently announced the 10 grant recipients of the 2024 TD Ready Challenge, an annual initiative that supports nonprofit and charitable organizations that develop innovative, impactful, and measurable solutions.
In 2024, the TD Ready Challenge invited organizations to submit proposals designed to remove barriers for underserved entrepreneurs. Through these grants, the Bank aims to contribute to a stronger and more inclusive small business environment in Canada and the U.S.
“When small businesses thrive, communities thrive,” says Ellen Glaessner, Head of Sustainability and Corporate Citizenship at TD Bank Group. “This is why TD is supporting nonprofit organizations who help cultivate the entrepreneurial landscape. Support is especially vital for underserved entrepreneurs, who face unique challenges and are an important part of the small business ecosystem. The proposed solutions have incredible potential to make a real difference, and we can’t wait to see the impact they will help drive.”
The TD Ready Challenge Grant program is part of the Bank’s longstanding commitment to help the communities it serves prosper. Each year, the program puts out a call for organizations in Canada and the U.S. to submit applications that offer solutions to a different problem statement. In previous years, the program has focused on helping to address barriers to affordable housing, health care and income stability, and addressing pandemic-related learning loss.
The 2024 TD Ready Challenge complements the Bank’s efforts to support financial security and aligns with TD Pathways to Economic Inclusion and the TD Community Impact Plan in the U.S.
There were a maximum of 10 grants available through the program in 2024. Eligible Canadian-based organizations were able to apply for CAD $1 million and eligible U.S.-based organizations were able to apply for USD $1 million.
$1 million recipients and programs:
- Ampere (formerly the Pinnguaq Association | Amp up small business (Canada) | Learn more
- Hot Bread Kitchen | HBK Incubates (US) | Learn more
- Futurpreneur | Women in Entrepreneurship Initiative (Canada) | Learn more
- PA CDFI Network | Drive Your Business (US) | Learn more
- Tamarack Institute for Community Engagement and Small Economy Works | Initiating Futures (Canada) | Learn more
- Washington Area Community Investment Fund (WACIF) | Resilient Futures (US) | Learn more
- University of British Columbia | Ch’nook Management Program | Learn more
- Tampa Bay Chamber Foundation | Empower Sustainability Focused Accelerator (SFA) (US) | Learn more
- Syrian Canadian Foundation (SCF) | Newcomer Entrepreneurship Women (N.E.W.) Venture (Canada) | Learn more
- Toronto Arts Foundation | Newcomer Artist Program (Canada) | Learn more
For more information about the TD Ready Challenge Grant program, visit www.td.com/readychallenge
About The TD Ready Commitment
As part of its corporate citizenship platform, the TD Ready Commitment, TD is targeting C$1 billion by 2030 towards community giving and colleague engagement in four areas that it calls the Interconnected Drivers of Change: Financial Security, Vibrant Planet, Connected Communities and Better Health. Through the TD Ready Commitment, TD aspires to work with non-profit and community-based organizations to help make a positive impact for the customers and communities it serves.
For further information, visit td.com/tdreadycommitment
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the sixth largest bank in North America by assets and serves over 27.9 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance U.S., and TD Wealth (U.S.); Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among the world’s leading online financial services firms, with more than 17 million active online and mobile customers. TD had $2.09 trillion in assets on January 31, 2025. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.