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TD Propels 10 Innovative Solutions Designed to Prepare Workers for an Inclusive Future

Today, TD announced the 10 recipients of the inaugural TD Ready Challenge. Each organization will receive CDN $1 million (USD $775,000) to help them scale their innovative solutions aimed at preparing Canadians and Americans for the economy of the future.

With a focus on financial security, the recipients of this year's Challenge will apply the grants to solutions that they have designed to help workers transform their existing skills and build new ones, help reduce barriers to STEM training for underrepresented groups, and help harness the power of Artificial Intelligence, all with the goal of helping to open doors for individuals who have the greatest risk of falling behind due to rapid technological advancement.

"The changing workplace presents new opportunities for a prosperous economy, but we must grow in ways that provide everyone with a chance to succeed," says Bharat Masrani, Group President and Chief Executive Officer, TD Bank Group. "Fortunately, there is no shortage of innovative ideas to support greater income stability – ideas that can open doors and help people feel more confident in their future."

About the TD Ready Challenge

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Acting as a springboard for social innovation, TD established the TD Ready Challenge to identify and support scalable solutions to a specific issue identified within The Ready Commitment. In its inaugural year, the issue of focus for the TD Ready Challenge was helping to increase income stability and it encouraged non-for-profit organizations across the U.S. and Canada that are working on innovative solutions to help increase income stability and help improve the skills people will need for the economy of the future. In total, TD granted CDN $10 million under the 2018 Challenge.

From over 200 submissions, TD shortlisted 15 semi-finalists who presented their solutions on September 7, 2018 in Toronto, Ontario. These semi-finalists were then judged in two rounds by a panel composed of TD executives and external subject matter experts, including Linda Nazareth, economist and trends expert, and Jennifer Tescher, president and CEO, Centre for Financial Services Innovation (CFSI). Ten finalists were then chosen by the panel at the close of the second round.

The successful 2018 TD Ready Challenge grantees are:

TD Ready Challenge is part of The Ready Commitment, a multi-year program targeting CDN $1 billion (USD $775 million) in total by 2030 towards community giving.

To learn more about the grant recipients and the TD Ready Challenge, visit www.td.com/readychallenge. Additional details about The Ready Commitment can be found at td.com/thereadycommitment.

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by branches and serves more than 25 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with approximately 12 million active online and mobile customers. TD had CDN$1.3 trillion in assets on July 31, 2018. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.