Strengthening Communities
Building The Better Bank Material Issues How We Operate Responsible Banking Extraordinary Workplace Environmental Leadership Strengthening Communities
Community Investment Financial Education Affordable Housing Sourcing Tax Policy
Reporting
Community Investment
2014 PERFORMANCE n
TD donated $82 million to support more than 5,000 community organizations throughout North America and the U.K.
n
In the U.S., the TD Charitable Foundation donated over $18.3 million throughout its footprint from Maine to Florida.
n
TD employees volunteered over 96,000 hours in their communities, as logged on the TD Volunteer Network website, up from 65,000 hours in 2013.
n
We made 653 Volunteer Grants worth $401,760 to charities in which TD employees volunteered 40 or more hours of their time.
n
Employees also organized fundraising campaigns, the largest of which was TD’s annual employee-giving campaign administered by the United Way, raising over $16 million for registered charities in Canada and the U.S.
TD Friends of the Environment Foundation (TD FEF) is a national charity that supports environmental initiatives across Canada. In addition to contributing over $1 million annually, TD covers the management costs of running the Foundation. In 2014, TD FEF distributed $4.9 million to 1,065 grassroots projects across the country, including urban-greening initiatives, environmental-education programs for kids and more.
Targets 2014 Targets
Maintain our charitable giving at or above the 1% target set by Imagine Canada and the Giving USA Foundation
55% of giving is applied to TD’s giving priorities
15% of giving is applied to diversity and inclusion (Canada only)
20,000 employees across North America registered in the TD Volunteer Network by end of calendar year
2014 Corporate Giving1 (Canadian dollars)
Canada U.S.2 U.K. Asia Pacific TOTAL 1 $56.7 Million $25.22 Million $106,577 $11,750 $82 Million
All amounts converted into CDN dollars using Bank of Canada exchange rates. Beyond the countries listed in the chart, TD does not make donations in other countries where we operate due to TD having a very small market presence in those regions. The total giving amounts reported do not include in-kind donations, program management costs (i.e., salaries of the community relations team), marketing sponsorships, employee donations or the value of hours volunteered by employees. For the total value of our contributions, please refer to the summary provided by London Benchmarking Group Canada, which performs an annual independent audit of our community investment – download here. 2 Includes $18.3 million from the TD Charitable Foundation.
CANADA 2014
25.5% Creating
Opportunities for Young People
37.9% Other
33.7% Financial
Literacy and Education
Rating 2014 Results Met Met Met Met
Canada: 1.3% U.S. 1.03%
Canada: 56.8% ($32.2MM) U.S.: 62.1%
20.8% 20,803 2015 Targets Same as 2014 Same as 2014 15% Increase year-over-year
Breakdown of Our Giving by Focus Area
43.2% Other
16.5% Financial
Literacy and Education
14.8% Environment
U.S. 2014
1.4% Environment
27.0% Affordable
Housing
TD 2014 Corporate Responsibility Report Page 49
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