Donation Competition: Frequently Asked Questions
The theme of this year's competition is Affordable Housing for All; which will seek the creation of safe, clean, physically accessible housing for all populations, be they elderly, new Americans, mentally or physically disabled individuals, families headed by a single individual (may be parent; grandparent; guardian), emancipated youth, or veterans. Access to clean, safe affordable housing throughout the TD Bank footprint is a challenge to thousands of low- and moderate-income individuals and families who cannot afford a place to live.
There is not a single county in the country where a minimum wage worker can afford a two bedroom apartment at the local fair market rent without working more than 40 hours per week. Downsizing to a one-bedroom apartment will only get you so far on minimum wage. Such housing is affordable in only 12 counties in the country that are located in Arizona, Oregon, and Washington State. The national average hourly wage for a renter in the United States is $16.38. Efforts to house and support a family on such wages are next to impossible and perpetuate inequalities in educational, healthcare, and employment opportunities. Housing insecurity presents a huge issue for all constituencies. A record 43.3 million households were renters in 2016 which is a 27% increase since 2006. Household income has not kept pace with rent increases. Between 2007 and 2015 the average rent in the United States rose by 6% while the average household income declined by 4%. One in seven low- income families' pays over 50% of its income for housing, well above the affordability standard and in most areas. Compounding the income issues, the supply of rental units in many markets is thin with rental availability tighter than any point in time in the past 20 years; resulting in further difficulties for those try to find a safe, clean, affordable place to put a roof over their heads.
This year's competition seeks to focus on initiatives that will provide Affordable Housing for All, through the creation of these new sustainable rental units that provide safe, affordable, accessible housing for today and tomorrow's families.
Applications for funding must focus on one or more of the following:
Preservation/Rehabilitation/Expansion of viable existing affordable housing properties: This may include the redesign, reconfiguration and or re-use of existing space in affordable housing properties to create increased quality and quantity of affordable housing units that will meet the specific needs of the population which they are intended to serve. Upgrades to systems, structure and efficiency of properties to preserve and prolong their use will be considered.
Focus on needs of the constituency: Housing programs and services that address the unique needs of their targeted constituency in urban, suburban, and rural communities will be viewed favourably. This may include but is not limited to proximity to educational opportunities, access to healthcare, medical, or rehabilitative services, employment opportunities, shopping, community and transportation services, recreational facilities as well on site services (daycare, before and/or afterschool programs, community rooms, occupational and or physical therapy, etc.) that would be attractive and supportive to the needs of those individuals and their families.
Utilization of abandoned properties to create new units of affordable housing: In urban, suburban and rural areas, the utilization of underused or abandoned properties to provide permanent or interim housing for low- and moderate- income individuals and families provides a tremendous opportunity to reverse neighbourhood and community decline.
All initiatives may benefit from the inclusion of a sustainable energy efficiency component which will be considered in the scoring of the applications.
The TD Charitable Foundation will award 25 grants totaling $3.125 million in the 2017 Housing for Everyone grant competition. Twenty-five grants of $125,000 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 1, 2017. 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 2017.
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
- LMI Qualified Use of Funds
The following metrics will be used to determine whether an application is LMI qualified in this year's Housing for Everyone Grant Competition. Organizations must serve the following populations
- Have earnings that are less than 80% of the HUD Area Median Income
- Are at or below 200% of the national poverty level
- Are homeless
- Are indigent
- Are recipients of Medicaid
- Are students or their families from a school where at least 51% of students qualify for free or reduced price meals under the USDA's National School Lunch Program
- Are recipients of USDA Supplemental Nutrition Assistance Program (SNAP)
- Are recipients of USDA Women, Infants, and Children (WIC)
- Are recipients of USDA 514/516 (Farm Labor Housing Loans $ Grants)
- Are recipients of HUD 8 (Assistance for Public Housing Relocation/Replacement)
- Are recipients of HUD 202 (Supportive Housing for the Elderly)
- Are recipients of HUD 515 (Rural Rental Housing Loans)
- Are recipients of HUD 811 (Supportive Housing for Persons with Disabilities)
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 $125,000 grant awards based on the content of the application.
No. If the funding requirements of your initiative do not total $125,000 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 2017 Housing for Everyone Grant Competition, the TD Charitable Foundation's expectation is that those funds would be put into place or budgeted for during the competition cycle (by June 30, 2018).
Yes. The Foundation will require that you provide a narrative and financial report by June 30, 2018 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 2017 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.
If your project focuses on housing programs and services that address the unique needs of a specific constituency your organization would be eligible. This may include but is not limited to proximity to educational opportunities, access to healthcare medical services, rehabilitative services, employment opportunities, shopping, community and transportation services, recreational facilities as well on site services (daycare, before and/or afterschool programs, community rooms, occupational and/or physical therapy, etc.) that would be attractive and supportive to the needs of individuals and families of the targeted constituency.
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 TD Charitable Foundation funds only charitable, non-profit organizations as defined by section 501(c)(3) of the IRS tax code, public schools and other qualified state or local governmental entities. 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.