CHERRY HILL, N.J., Nov. 16, 2022 – TD Bank, America's Most Convenient Bank® and National Urban League today announced a new, five-year agreement focused on accelerating existing NUL initiatives aimed at providing economic opportunities for low-to-moderate income individuals through workforce development, entrepreneurship and homeownership. The collaboration will also help fund numerous National Urban League programs over the next five years, including the upcoming Equal Opportunity Dinner in New York City to be hosted this evening (Nov. 16).
"At TD Bank, we are committed to enriching the lives of our customers, colleagues and communities, and supporting organizations who are focused on doing the same," said Leo Salom, President and CEO, TD Bank. "The work the National Urban League is doing has never been more important, and I'm excited to have the opportunity to work alongside them to accelerate their efforts over the next five years."
The relationship includes membership opportunities for TD Bank on the National Urban Leagues Board of Trustees, Corporate Advisory Council and Urban Solutions Council, and in 2022, the bank will provide local grants to Legacy Urban League Centers including New York Urban League, Urban League of Philadelphia, Greater Baltimore Urban League and Jacksonville Urban League, in an effort to provide additional support to underserved communities across the Bank's footprint.
“The collaboration with TD Bank extends far beyond dollars donated and we look forward to engaging with leaders and leveraging their industry expertise to inform the important work taking place across the League," said National Urban League President and CEO Marc H. Morial. “TD Bank and the National Urban League share a commitment to economic empowerment for all individuals, and I am excited to partner together to affect real change in the coming years."
The bank has maintained strong ties with the National Urban League and many of its local affiliates for years. In 2019, the Urban League of Broward County received a $770,000 TD Ready Challenge grant to fund its LYNX integrated service and coaching model that combines program services, artificial intelligence, data science and strategic collaboration to reduce bias and influence policies that impact low-to-moderate income households.
"I'm looking forward to building upon our existing relationship with the National Urban League to further amplify the work they are doing to help African Americans and other underserved communities achieve their dreams," said Hugh Allen, Regional President, Metro Mid-South, and Co-Lead of TD Bank's Black Employee Network (BEN).
About the National Urban League
The National Urban League is a historic civil rights organization dedicated to economic empowerment in order to elevate the standard of living in historically underserved urban communities. The National Urban League spearheads the efforts of its 92 local affiliates through the development of programs, public policy research and advocacy, providing direct services that impact and improve the lives of more than 2 million people annually nationwide. Visit www.nul.org and follow us on Facebook, Twitter, and Instagram: @NatUrbanLeague.
About the TD Ready Commitment
TD has a long-standing commitment to enriching the lives of its customers, colleagues and communities. As part of its corporate citizenship platform, the TD Ready Commitment, TD is targeting CDN $1 billion (U.S. $775 million) in total by 2030 towards community giving in four areas critical to opening doors for a more inclusive and sustainable tomorrow – Financial Security, Vibrant Planet, Connected Communities and Better Health. 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 td.com/tdreadycommitment.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com/us.