2012 was a strong year for TD, despite ongoing economic challenges and market volatility. Our total adjusted earnings were more than $7 billion dollars — up more than $600 million, or about 10 per cent, from 2011.
-Colleen Johnston, Group Head and Chief Financial Officer, TD Bank Group
Through a generous contribution of $350,000, TD Bank Group is helping Aboriginal students at the University of Regina realize their educational potential.
$350,000 / $7,000,000,000 = 0.005%
Thank-you to TD Bank, generously sharing the wealth of their outstanding profits from oil and gas.
The TD Bank Group gift will be divided into two initiatives, with $250,000 supporting the Neekaneewak Leadership Initiative, a multi-pronged, elder-based project to provide culturally relevant programming, mentoring, support and leadership development opportunities to Aboriginal students.
The remaining $100,000 will serve as the foundation for the TD Aboriginal Bursary, which will provide financial assistance to Aboriginal undergraduate students in any discipline in the University’s 10 faculties. Matching funds will be provided by the Saskatchewan Innovation and Opportunity Scholarship program.
$100,000 matching from the province is nice.
No sign of the federal government, whose responsibility it is to fund Aboriginal education. In fact, it’s a little unclear to me how the free education promised First Nations in Treaty 4 for example, is compatible with a bursary school-funding model supported here.
*CSR is Corporate Social Responsibility.