The Canadian lender TD Bank was one of the good guys during the housing boom. It didn’t gorge itself on subprime loans and end up in the crosshairs of government investigators. The bank prides itself on being a responsible company, and puts out an impressive corporate responsibility report discussing its work. Among other things, its philanthropic arm, the TD Charitable Foundation, funds in the housing sector, giving away $2.5 million a year in a competitive grant award program called “Housing for Everyone.”
Mid-Valley Women’s Crisis Service in Salem, Oregon, is changing things up in big ways. Along with new digs, it’s also getting a new name: The Center for Hope & Safety. The newly rebranded nonprofit is getting help from the Meyer Memorial Trust, among other community partners, to build a new and larger center. With $150,000 from the Meyer Memorial Trust to buy and renovate a new space, this nonprofit will be able to better service survivors of domestic and sexual violence.
It’s hard to know how many people lost their homes thanks to this bank’s abusive lending and foreclosure practices, but the answer is probably “a lot.”
This $4 million gift isn’t the biggest we’ve seen lately, but it’s a reminder of two important points: Energy companies are loaded right now, and the motives for healthcare giving are very personal.
If you’ve ever lived in a gentrification zone, you can probably figure what the term “sustainable neighborhoods” means. These would be places where, among other things, low-income, elderly, and disabled folks aren’t bulldozed aside by development trends dictated strictly by market forces.
Bill Gates talks about income inequality and recommends a consumption tax on luxuries.
JP Morgan Chase may have done its part to blow up the U.S. economy a few years back, thanks to irresponsible lending practices, but lately the company and its foundation has been giving big to foster economic growth and improve jobs skills.