Donation Competition: Frequently Asked Questions
The theme of this year's competition is Affordable Housing for Seniors; funding will seek to create new units of safe, clean, physically accessible housing for older persons (aged 55 and over). Access to clean, safe affordable housing throughout the TD Bank footprint is a challenge to thousands of low- and moderate-income senior citizens who cannot afford a place to live. With the leading edge of the baby boom reaching retirement age (65 and over population projected to climb to 73 million by 2030 – an increase of 33 million in just twenty years) and many retires unable to recover from the economic malaise in place since the Great Recession, the need for safe, clean, physically accessible, affordable housing is expected to sharply increase. High housing costs force a third of those aged 50 and over and 70% of those aged 80 and over to spend more than 30 percent of their income on housing that may or may not fit their needs. In many cases the existing units of affordable housing are in need of upkeep, maintenance and energy efficiency upgrades. This year's competition seeks to focus on initiatives that will provide Affordable Housing for Seniors through the creation of these new sustainable rental units that provide safe, affordable, accessible housing for today and tomorrow's senior citizens.
The TD Charitable Foundation will award 25 grants totaling $2.5 million in the 2015 Housing for Everyone grant competition. Twenty-five grants of $100,000 will be awarded to the best grant competition applications received companywide. Funds will be allocated by TD Bank, N.A. metro market area. See the grant breakout by TD Bank, N.A. metro market area.
No. Unfortunately if your organization is based, and provides services, outside of the TD Bank, N.A. metro market areas, you are not eligible to apply for a grant as part of the Housing for Everyone grant competition. If your organization is based outside of a TD Bank, N. A. metro market area, but provides services within a metro market area, you may be eligible to submit an application for the competition.
Yes. Due to the anticipated large number of participants for this grant competition, paper applications will not be accepted. In order to be considered for this year's Housing for Everyone grant competition, all proposals must be submitted electronically.
Unfortunately, due to the high volume of requests, individual meetings with applicants are not possible.
No. Given the time required to meet with all potential applicants and the limited foundation resources, application reviews are not possible.
Grant applications must be received by 4:00 p.m. Eastern Time on Friday, September 4, 2015. In fairness to all applicants, late and or incomplete applications will not be considered. Applicants are responsible for allowing enough time when submitting their application to insure its timely submission.
Final funding decisions will be made by the TD Charitable Foundation Board. Notifications of awards will be made by mid November 2015.
All applications will be reviewed by a panel of judges representing TD Bank, N.A. metro market areas. The judges have been selected based on their expertise in affordable housing development and financing. The recommendations of the panel will then be presented to the TD Charitable Foundation's Board for final review and approval.
A panel of judges will evaluate all Housing for Everyone grant competition applications. They will examine each application for the following:
- Viability of organization
- Collaborative efforts with other community groups
- Impact and sustainability of initiative proposed for funding as it relates to this year's theme
- Track record of leadership in achieving results
No. Awards will be made on the merits of the applications received. Grant applications that support the most meaningful initiatives to benefit low- and moderate-income families or individuals will receive one of the $100,000 grant awards based on the content of the application.
No. If the funding requirements of your initiative do not total $100,000 you are not eligible to apply for a Housing for Everyone grant. However, you may be eligible for a discretionary grant from the TD Charitable Foundation.
No. Awards may not be utilized for any other purpose than those outlined in the submission of the original grant competition application. Grant competition applications are judged relative to the merits of all other applications submitted by the deadline and scoring is based on the initial submission.
If your organization were to be awarded a grant as part of the 2015 Housing for Everyone Grant Competition, the TD Charitable Foundation's expectation is that those funds would be put into place during the competition cycle (by June 30, 2016).
Yes. The Foundation will require that you provide a narrative and financial report by June 30, 2016 on how your organization has utilized the funding relative to the initiative outlined in your application. Should you be awarded a grant, a template for reporting back to the Foundation will accompany your grant acknowledgement letter. In addition, we will make site visits during the grant year.
No. You may make one application to the TD Charitable Foundation for funding as part of the 2015 Housing for Everyone grant competition. Additional applications will not be reviewed.
No. If your organization provides affordable housing in more than one TD Bank, N.A. metro market area, you should submit a proposal in the metro market area where your project will have the most significant impact.
Yes. Organizations that have received funding through any of the TD Charitable Foundation's other pools of grant funds during the current calendar year are eligible to apply for a grant as part of the Housing for Everyone grant competition.
Yes. Previous winners of grants in the Housing for Everyone grant competition are all eligible to apply for grants as part of this year's competition.
The Foundation can only make grants to eligible 501(c)(3) organizations. If you have recently received your determination letter from the IRS, you may not yet be in the IRS database with which we match potential applicants. Please e-mail a scanned copy of the newly issued 501(c)(3) determination letter to US-CharitableGiving@TD.com. The Foundation staff will give you further instructions on how to proceed with the grant competition application.
Non-profit organizations are eligible to apply if they have a valid 501(c)(3) determination letter from the IRS and if they have audited financial statements.
No. Unfortunately we require audited financial statements for the Housing for Everyone grant competition. Please note that accountant's reviews of non-audited compilations are not acceptable.
No. Unfortunately the documentation we ask for is required to submit an application. In fairness to all applicants, incomplete applications will not be considered.
All required documents must be in either PDF format or Word format. The minimum font size for the detailed project proposal must be 10 point. Excel files will not be accepted. Audited financial statements, where possible, should be scanned and condensed into a single document.
No. The required pictures of the building (one of the front of the primary building and the others related to the anticipated capital improvements) should be embedded within the four-page detailed project proposal. You should not upload separate files for the pictures as they will not be considered as part of the application.
Shortly after submitting your application, you will receive an e-mail notification confirming we have received it. Due to the anticipated large number of grant competition applications, we are unable to provide a telephone confirmation for individual requests.
Yes. A link is provided at the top of the application. We recommend that you print and keep a copy of the application for your own records. However, we ask that you do not send it to us as this may lead to duplicate records
If you receive this error message, please contact a member of your organization's technology staff. You may need to adjust your computer's settings in order to access the application.
Yes. You can copy information from an existing Word document and paste it into the appropriate text box in the application.
Please contact US-CharitableGiving@TD.com. Include "Housing for Everyone" in the subject line.