Education and Financial Literacy

  • Programs in the U.S.

    • Now in its ninth year, the TD Bank Summer Reading Program has encouraged thousands of children to read while teaching them the importance of saving money; every child who reads 10 books over the summer receives a US$10 deposit into his or her savings account. Nearly 32,000 children participated in the Summer Reading Program in 2010 – more than double the number of 2009 participants.
    • To help celebrate National Library Week, 100 local school libraries, primarily in low- to moderate-income areas, received US$4,000 grants for books or technology resources or to support existing library programs.
    • During Employee Reading Month, 1,100 TD Bank employees read to elementary school classes from Maine to Florida, then donated the books to the schools’ libraries. The books are specifically chosen for their core message – the importance of saving money.
    • In 2010, the Non-Profit Training Resource Fund, through the TD Charitable Foundation, made awards of up to US$1,000 to 96 not-for-profits to support job training, education and professional development opportunities for their employees. In the last three years, grants totalling US$252,000 have been made to strengthen the capacity of not-for-profit organizations to address community needs.
    • The TD Bank WOW!Zone is a free, one-of-a-kind online and in-school program for students grades kindergarten to Grade 12 that teaches the importance of saving, budgeting and banking basics and how to build good financial habits early in life. Students, parents and educators can access games, learning activities and lesson plans by visiting the WOW!Zone at Trained TD Bank WOW!Zone instructors volunteer an average of 400 hours to teach 8,000 students each month. Over the last 21 years, we have reached nearly 800,000 students. In 2011, the program will expand its offerings to include adult content, which will be available through both seminar-style classes and online tools and resources.