The 2022 TD Ready Challenge
The TD Ready Challenge is our annual North American initiative, which has ten (10) $1 million grants available to organizations developing innovative, impactful and measurable solutions for a changing world. This signature program created by TD is a key component to delivering on the bank’s corporate citizenship platform, the TD Ready Commitment.
Over the last several decades, greenhouse gas emissions have increased and climate change has captured global attention. Climate change and climate related risks are widely impacting our society with some communities being affected more than others1. Both the private and public sectors are taking steps toward decarbonizing the global economy and mitigating the effects of climate change. A healthy environment is one of the foundations to feeling confident about the future. That's why we are working to help support communities with their goals of protecting and improving the environment to enable people and economies to thrive.
As this work to mitigate the effects of climate change and move towards an equitable transition to a low-carbon economy proceeds, many people and communities may be affected in different and inequitable ways. From experiencing harsher natural disasters1, to increased risk of workers in carbon-intensive sectors being displaced2, to marginalized communities facing climate change without adequate resources3, to disproportionate impacts to health, the impacts of climate change are vast, varied, and far-reaching.
While climate change will affect the global population, it is having and will most likely continue to have a disproportional effect on certain populations including:
The 2022 TD Ready Challenge is focused on supporting solutions designed to help people and communities who may be disproportionately affected by climate change, to prepare for, adapt to and help mitigate the potential impacts of climate change and/or to work towards a transition to a low-carbon economy.
The 2022 Challenge
The 2022 TD Ready Challenge seeks to provide financial support to organizations that have designed innovative, scalable and/or replicable solutions focused on addressing the 2022 Problem Statement.
Such solutions could be focused on, but are not limited to, one or more of the following:
- Providing support to address specific needs of those communities and/or people who will most likely be disproportionately impacted by climate change (e.g. physical and/or mental health support programs, programs that support flood prone communities) to mitigate the effects of climate change.
- Providing support to communities and/or workers affected by closures of carbon intensive industries or sectors, or are seeking to transition to the low-carbon economy (e.g. training and upskilling people from disproportionately impacted communities for low-carbon industries).
- Supporting the development of cleantech entrepreneurs, businesses and companies that are focused on the development of low-carbon power generation and/or efficient energy solutions.
- Innovation in sustainable land use to help support the decarbonization of working landscapes.
- Large scale green infrastructure solutions that are focused on improvements such as :
- decreasing the effect of urban heat islands, such as removal of pavement and replacement with alternative ground cover.
- improving existing infrastructure's ability to capture stormwater flow and reduce flash floods.
For 2022, there are a maximum of ten (10) grants available under the TD Ready Challenge for Canada and the US together. Eligible Canadian-based organizations are able to apply for CDN$1 million and eligible US-based organizations are able to apply for USD$1 million.
We will have a clear preference for programs:
- That support communities and people disproportionately impacted by climate change.
- Have wide demographic or geographical reach in areas where TD operates. This includes all of Canada, US states within TD's Retail footprint (map and listing found here), and the Metro Detroit area (Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne Counties).
- Which will use the grant to scale and / or replicate solutions to additional communities or populations (or pilot projects with material evidence of viable success and scalability).
- Have a clear evaluation and measurement process to track impact.
- Where the organization has not received any funds or Grants from TD of CDN $250,000 or more or USD $250,000 or more during the period starting on August 31, 2021 through to and including August 31, 2022.
Additional considerations include:
- We will not fund Grant applications that focus on:
- Building retrofits and/or capital projects that do not have a community building aspect (e.g. training)
- Marketing and/or awareness programs/campaigns
- Projects solely focused on tree planting and/or beautification
- Research papers
- Disaster relief efforts for situations and/or damages that have already happened
- As part of the application process, TD requires an understanding of the financial status of your organization. If your organization's audited statement(s) reflect(s) a recent deficit, please explain the reason for this deficit in your application. Please note that a deficit will not impact your eligibility for a TD Ready Challenge Grant.
- Canadian registered charities and not-for-profit organizations; or
- U.S. charitable and not-for profit organizations which meet the following criteria and can provide written confirmation of same:
- Have received Section 501(c)(3) determination from the Internal Revenue Service (the "IRS"); or
- Are treated by the IRS as an organization that is not a private foundation as described in Sections 509(a)(1),(2) or (3) of the Internal Revenue Code (the "IRS Code"); or
- Are a local/state government organization.
Note: 2018 and 2019 TD Ready Challenge Grant recipients are eligible to apply.
- Elementary and secondary schools
- Religious organizations (i.e., organizations whose primary purpose is religious practice or worship). However, faith-based organizations that provide programs and services for broader community benefit, may be considered.
- Sports teams and sporting events
- Individuals or individual pursuits/fundraising initiatives
- Recreational groups (lodges, fraternal clubs, self-improvement organizations, etc.)
- Conferences, trade shows, fairs
- Production of videos, DVDs and television shows
- TD Employees
- 2020 and 2021 TD Ready Challenge Grant Recipients
Challenge Structure and Calendar
An internal TD North American Judging Panel will review applications and select applications to move into final round of reviews.
TD Ready Challenge finalists to be notified and next steps will be shared.
A TD North American Executive Judging panel and subject matter experts will assess applications that move into final round of review and determine the selected recipients.
2022 TD Ready Challenge successful recipients will be selected and notified.