Social and Enterprise Development Innovations (SEDI) Monday announced that TD Financial Literacy Grant Fund has awarded $837,321 in grants to 12 community organizations engaged in financial literacy projects across Canada.

Administered by SEDI, the fund provides grants to charitable and non-profit organizations that support and promote financial literacy for low income and economically disadvantaged people in Canada.

The fund’s fifth round of contributions will support programs that help provide financial literacy education to vulnerable Canadians, including adults with low literacy, newcomers, Aboriginal people, women affected by abuse and poverty, and at-risk youth.

“Community financial literacy programs play a critical role in translating basic financial information and advice and adapting it to respond more directly to the life context and needs of vulnerable Canadians,” explains SEDI CEO Elizabeth Mulholland.

“We are proud to have created the TD Financial Literacy Grant Fund, which is making a real difference in the lives of thousands of people all across Canada,” says John Tracy, senior vice president, TD Bank Group.

“We are even prouder that over 1,000 TD employees volunteer their time every year to improve financial literacy in their communities,” he adds.

Since the fund’s inception in 2010, it has awarded approximately $5 million to 67 community organizations across Canada. Grants are awarded for innovation, research and development, and strategic program development of community-based financial literacy initiatives. A further $5 million will be allocated over the five remaining rounds of the fund, to financial literacy projects proposed by charitable and community organizations from across Canada.

The following is a full list of grant recipients:

  • READ Saskatoon, Saskatoon, Sask.
  • The Further Education Society of Alberta, Calgary
  • Women’s Centre of York Region, Newmarket, Ont.
  • Aboriginal Financial Officers Association of Canada, Ottawa
  • Centre for Entrepreneurship Education & Development, Halifax
  • Action Jeunesse St-Pie X de Longueuil Inc, Longueuil, Que.
  • Access Alliance Multicultural Health and Community Services, Toronto
  • Stella Burry Community Services, St. John’s
  • Women’s Enterprise Skills Training of Windsor, Windsor, Ont.
  • Actions interculturelles de développement et d’éducation (AIDE), Sherbrooke, Que
  • Central Valley Adult Learning Association, Oromocto, N.B.
  • Youth Employment Services YES, Toronto

The deadline for the next round of applications will be January 31. For more information please visit: www.sedi.org/grantfund.