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TD Bank Group Announces New Funding Commitment To Money Matters

Stocks in this article: TD

National Financial Literacy Program Supports Adult Learners with Math and Money Management Skills

OTTAWA, March 21, 2014 /CNW/ - TD Bank Group announced a new sponsorship commitment of $450,000 to support Money Matters, a financial literacy program helping adult Canadians improve their knowledge and confidence around finances and money management in their lives.

Launched in 2011, Money Matters brings TD employees into community learning centres across Canada as volunteer-tutors to teach Canadian adults about numeracy, money management skills and educational savings opportunities. Since the launch, 89 per cent of Money Matters participants felt more able to manage their money to meet their needs.

"It is evident that these programs are making an impact, but there is still work to do," said Linda MacKay, Senior Vice-President, Retail Savings and Investing, TD Bank Group. "And that is why we are thrilled to be the founding sponsor of the Money Matters program and continue to work with ABC Life Literacy Canada to provide resources, programs and opportunities that allow all Canadians to feel confident about personal money management."

This increased support from TD will help ABC Life Literacy Canada expand its national outreach by providing more programs to more people throughout the country. In addition, recipients of this program will be able to access information through a variety of channels including online webinars and community seminars.

"We are thrilled to be part of this partnership," said Gillian Mason, President of ABC Life Literacy. "TD's new commitment to Money Matters means that thousands of Canadians will be able to improve their finances, and indeed their lives, with the skills they learn in the Money Matters program. The future for this program is bright as we expand our reach to include enhanced online workshops, seminars and greater capacity to connect with more communities across the country."

With over 200 TD Employees committing thousands of hours to facilitate financial literacy programs across the country, over 1,700 adult learners have benefitted from the Money Matters program. Participants have the opportunity to build skills, gain confidence and learn how to manage their financial lives. In addition to making an impact in the local communities, the Money Matters program helps encourage empowerment when it comes to financial literacy.

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