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TD Bank Financial Group - Corporate Responsibility Report

Community


Canada

Making a difference together in 2008
(CDN millions)
TD corporate donations = $35.5 million
Employee donations = $6.8+ million
Customer/client donations = $4.6+ million
Total contributions = $46.9+ million

TD is one of Canada’s top corporate donors. In fact, over the past five years we have donated more than $150 million to charities and not-for-profits across the country.

TD continues to exceed Imagine Canada’s voluntary benchmark that encourages Canadian businesses to invest at least 1% of pre-tax corporate profits in charitable giving. We donated $35.5 million last year or 1.4% of pre-tax domestic profits.

The results are even greater when you count the millions contributed by employees and customers — to the TD Friends of the Environment Foundation, the TD Children’s Hospital Fund, the United Way and other causes. Added up, our total support was some $47 million in 2008 — that’s called really making a difference together.

Three Pillars

There are three main “pillars” of our community giving program in Canada:

We have chosen these areas because research shows they matter most to our customers, clients and employees. We also believe in focusing our efforts to make a meaningful difference.

Supporting Diversity and Other Causes

Diversity is another key area of our community involvement. We champion programs that promote diversity especially in activities around our three community pillars.

We also support other causes, such as arts and culture, social services and medical training. In doing so, we look to build on our three pillars; for example, funding programs that give young people opportunities to attend professional music and theatre events.

Other Facts About Our Community Giving in Canada

  • 50% of our overall giving is directed at children and youth across all causes we support.
  • We commit a minimum of 10% of our community program to support diversity initiatives — reflecting our own emphasis on inclusiveness at TD.
  • Our support for hospital and university capital campaigns is directed to human capital — through the TD Grants in Medical Excellence program (for medical training and research) and through scholarships and bursaries (for post-secondary students).
  • TD employees are incredibly active in their communities; for examples across Canada, see the employee involvement section.

Charitable Giving in Canada
(millions)
  2008 2007 2006
Cash donations $34.9 $32.0 $30.0
Gifts-in-kind donations* $0.6 $0.6 $3.0
Total corporate donations $35.5 $32.6 $33.0
* Property and equipment donated to community organizations.

Exceeding Imagine Canada’s Corporate Giving Target of 1%
  2008 2007 2006
% of pre-tax domestic profits donated to charitable organizations* 1.4% 1.3% 1.3%
* Based on a five-year historical average. Prior to 2007, based on a three-year rolling average.

Applying for Funding