TD Charitable Foundation supports financial well-being with Penquis
BANGOR — The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank, recently donated $20,000 to Penquis as part of the foundation’s commitment to giving back to the community. Penquis is a non-profit 501(c)(3) organization dedicated to supporting Maine families in becoming healthy, safe, connected, and financially secure.
The funds from the TD Charitable Foundation will support Penquis’ Financial Capability Program, which offers six-to-eight-week classes and one-to-one financial coaching to help individuals maximize their income, manage finances, and increase assets. The program will help 150 to 200 individuals improve their financial well-being through goal setting, budgeting, saving, credit building, bank services and community resources.
“We are very thankful to receive this grant from TD Charitable Foundation,” said Jennifer Giosia, Housing and Energy Services director for Penquis. “This funding will allow us to help more Mainers not only meet basic needs and increase financial stability but also help build financial security.”
This contribution supports TD’s longstanding commitment to community enrichment through TD’s corporate citizenship platform, The TD Ready Commitment. The TD Ready Commitment actively promotes inclusivity, economic vitality, environmental well-being, and health, enabling people of all backgrounds to succeed in a rapidly changing world.
“Penquis’ proactive commitment to financial coaching is an important step in improving financial health for all Mainers,” said Sheryl McQuade, regional president, Metro New England, TD Bank. “TD is dedicated to supporting organizations that share our focus to improve financial literacy across communities. Penquis’ work investing in income stability and creating solutions for building security is driving meaningful change throughout the region.”
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 over $300 million through donations to local nonprofits from Maine to Florida footprint and Michigan. More information on the TD Charitable Foundation is available at https://www.td.com/us/en/about-us/communities/ready-commitment/funding-opportunities.
TD has a long-standing commitment to enriching the lives of its customers, colleagues and communities. Under the TD Ready Commitment and its four key, interconnected drivers of: Financial Security, Vibrant Planet, Connected Communities, and Better Health; we are targeting a total of $1 billion by 2030 in community giving to help support initiatives that focus on these drivers. Through the TD Ready Commitment, TD aspires to link its business, philanthropy and human capital to help people feel more confident – not just about their finances, but also in their ability to achieve their personal goals in a changing world. For further information, visit www.td.com/tdreadycommitment.