Berkeley College Foundation receives $15,000 td charitable foundation grant to assist students with transportation costsJuly 26, 2019
The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®, has awarded the Berkeley College Foundation, Inc., a $15,000 grant to assist students with transportation costs as they pursue their college degrees.
Through the Travel Subsidy for Underserved NYC Students Initiative, eligible students in New York, attending Berkeley College full time and in good academic standing, will be able to apply for a 25 percent discount on Metrocards. The program will be launched during the fall 2019 semester.
“In a student survey, more than 75 percent of Berkeley College students said public transportation was extremely important to them,” said Dario A. Cortes, PhD, Executive Director, Berkeley College Foundation. “This grant gives us the opportunity to respond to student needs, and contributes to a student’s ability to successfully engage in his or her pursuit of a college degree.”
According to Pew Research, public transportation is a vital resource, especially in the Northeast, where 21 percent of urban residents use public transit on a regular basis. At Berkeley College, 84 percent of students attending the Midtown Manhattan or Brooklyn campuses travel primarily from four New York City boroughs – the Bronx, Manhattan, Queens and Brooklyn.
“We are excited to support this Berkeley College initiative because it increases access to the educational foundation necessary for competing in a rapidly changing workforce,” said Don Buckley, TD Market President for Northern New Jersey.
According to TD Bank, the contribution supports the company’s longstanding commitment to community enrichment through The Ready Commitment, a multi-year platform that promotes inclusivity, economic vitality, environmental wellbeing and health. As part of The Ready Commitment, TD targets CDN $1 billion (US $775 million) by 2030 toward community giving in four critical areas: Financial Security, a more Vibrant Planet, Connected Communities and Better Health.
The mission of the Berkeley College Foundation is to provide financial support for student success, including through scholarships and educational enrichment.