TD Bank Group invests in LIFT for five more years
We are pleased to share that one of LIFT’s initial corporate donors has renewed its support for another five years. With a $500,000-investment, TD Bank Group becomes the Founding Partner of LIFT’s Education Impact Fund, supporting social purpose organizations (SPOs) across Canada that are tackling barriers to educational success, including functional and financial literacy, high school completion, and the transition from high school to further education or employment.
We caught up with Valerie Picher, director of community relations with TD, to talk about TD’s support for LIFT and what they hope to achieve over the next five years.
What gives you confidence that this investment in LIFT will yield a positive impact?
TD saw its first investment with LIFT yield very strong results, including the wonderful work it did with JUMP Math, another organization we support directly. With TD’s financial support and LIFT’s wrap-around services, JUMP Math is now well-positioned to scale its efforts throughout Canada and the United States. The organization is equipped with a strategic road map to attract additional investments and make a greater impact with youth.
We are confident that, with our continued support, LIFT will continue to strengthen and equip other SPOs across the country in the same way, strengthening the social sector, helping it become more financially sustainable, and achieving greater social outcomes for vulnerable Canadians and communities.
Why has TD decided to invest in LIFT’s education work, rather than committing its whole budget to social programs directly?
LIFT’s model is an innovative one, an approach that enables proven social purpose enterprises to take their work to the next level and further the positive impact they make. LIFT brings together an expert “impact team” to review an SPO’s programs and operations and propose measures that will allow it to strengthen and scale its administration, operations, and evaluation metrics. In turn, this equips the SPOs with the valuable tools they require to better attract philanthropic investments from the public and private sectors.
TD not only looks to support a vast array of social programs across the country; we’re also particularly pleased to invest in the capacity building and long term sustainability of these organizations, because we know that will result in lasting social change in local communities.
What do you expect the results of TD’s investment in LIFT will be after five years?
LIFT has set an ambitious agenda. As Founding Partner of LIFT’s new Education Impact Fund, we are excited to see 15 education-minded SPOs, over the next five years, receive the support and expert advice they need to make an even greater social impact in the country. We hope that TD’s funding and LIFT’s support will enable these SPOs to help vulnerable and at-risk youth gain greater access to quality education, as a foundation for developing the skills needed for stable employment opportunities. In the end, TD hopes to play a part in transforming the lives of vulnerable and at-risk youth, helping them overcome the barriers they face and making our country healthier and more prosperous.