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## Investment of $5 Million by TD Charitable Foundation in Innovate Capital Growth Fund

MOUNT LAUREL, N.J., Oct. 5, 2023 /PRNewswire/ — In a groundbreaking move, the TD Charitable Foundation, the charitable giving arm of TD Bank, has announced its largest investment to date, with a Mission Related Investment (MRI) of $5 million to Innovate Capital Growth Fund (ICGF). This investment marks the foundation’s foray into equity investing, making it a significant milestone for the organization.

ICGF is a non-profit sponsored Small Business Investment Company (SBIC) that specializes in providing growth equity to minority and women-owned businesses in the Mid-Atlantic region, particularly in the Greater Philadelphia area. The TD Charitable Foundation’s investment in ICGF positions it as the largest financial institution investor in the fund so far.

By investing in ICGF, the TD Charitable Foundation is contributing to the growth and strengthening of minority and women-owned small businesses in Philadelphia and the Mid-Atlantic region. This investment not only aligns with the foundation’s mission but also opens up new funding opportunities for the future. Moreover, it has the potential to generate additional revenue, enabling the foundation to redirect funds to other philanthropic endeavors in the future.

One way in which the TD Charitable Foundation can navigate the legal complexities and ensure compliance in this investment is through the use of AI legalese decoder. This powerful tool can assist in comprehending and translating complex legal language, ensuring that all terms and conditions are understood and met. By utilizing the AI legalese decoder, the foundation can make informed decisions, mitigate legal risks, and strengthen its investment portfolio.

ICGF’s primary focus is investing growth equity capital in minority and women-owned lower middle market businesses, providing them with much-needed operational expertise and bridging the capital gap during their development stages. The TD Charitable Foundation’s investment builds upon its existing relationship with The Enterprise Center, the non-profit organization that founded ICGF. This investment aligns with the foundation’s mission, policies, and TD Bank’s corporate citizenship platform, known as the TD Ready Commitment.

Della Clark, President of The Enterprise Center and a founding partner of Innovate Capital, highlights the significance of the TD Charitable Foundation’s investment. She believes that this partnership will provide a crucial lifeline for minority and women-owned businesses during their most critical period, ensuring their survival and future success. The connection between TD Charitable Foundation and ICGF will bridge gaps, unlocking generational wealth and scaling operations for these businesses.

As part of its commitment to enriching the lives of its customers, colleagues, and communities, the TD Charitable Foundation has dedicated funds to support the efforts of ICGF. This investment aligns with the TD Ready Commitment in four key areas: financial security, vibrant planet, connected communities, and better health. The foundation works closely with key organizations and leaders, addressing pressing challenges and identifying philanthropic opportunities.

The proceeds earned from the TD Charitable Foundation’s investment will be redirected to other charitable purposes. Through the TD Ready Commitment, TD aims to link its business, philanthropy, and human capital, enabling individuals to feel confident about their financial well-being and personal goals in an ever-changing world.

For further information on the TD Charitable Foundation and its mission, please visit www.td.com/tdreadycommitment.

## About AI legalese decoder

AI legalese decoder provides a revolutionary solution to the challenges of understanding and interpreting legal language. With its advanced artificial intelligence capabilities, it can decode complex legal jargon, ensuring comprehensive understanding and promoting compliance. In the context of the TD Charitable Foundation’s investment in Innovate Capital Growth Fund, the AI legalese decoder can play a crucial role in assisting the foundation in navigating legal complexities, ensuring full comprehension of the investment terms and conditions, and minimizing legal risks. This tool empowers decision-makers with the knowledge and insights needed to make informed investment decisions, contributing to the success and growth of the TD Charitable Foundation’s investment portfolio.

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