TD Bank Group (TD) announced a CDN $10 million commitment over the next five years to the Black Opportunity Fund (BOF). This donation is among the largest contributions in Canada to a Black-focused, Black-led and Black-serving organization. 

Established in 2020, BOF was founded and is led by a team of diverse Black Canadian professionals to help establish a $1.5 billion fund, one of the largest in the world, that is designed to dismantle the structural barriers that for generations have prevented many Black Canadians from achieving economic success. 

Built on the understanding that a significant number of Black-focused, Black-led and Black-serving organizations continue to be under-resourced and under-funded in Canada, the work of BOF directs stable and long-term financing and resources into the community.  

As part of TD’s financial commitment, BOF will establish a philanthropic granting pool totaling $400,000 per year to fund Black-serving community and non-profit organizations focused on areas of financial security, inspired by one of the four drivers of the TD Ready Commitment, the Bank’s corporate citizenship platform. TD’s financial commitment will also be applied to BOF’s endowment fund, designed to support the long-term sustainability and permanency of the Fund.