Penquis Receives Funding from TD Charitable Foundation
Grant will provide free tax preparation and financial capability support
BANGOR, Maine (Nov. 28, 2022) – The TD Charitable Foundation recently awarded $15,000 to Penquis, lead agency for Eastern Maine CA$H, to provide free tax preparation services and financial capability support to income-eligible families in Penobscot, Piscataquis, Waldo, Hancock and Washington counties. Eastern Maine CA$H is a partnership of community non- and for-profit partners working together to help empower individuals and families to achieve long-term financial stability.
In 2023, Penquis will coordinate free tax preparation services by securing sites and recruiting volunteers who will be trained and receive IRS certification to provide tax preparation assistance. Volunteers will help individuals receive all of the benefits that they are eligible for, such as Earned Income Tax Credits and refunds.
In addition to tax preparation services, individuals will receive information and support to help them meet their financial goals. Of those served in the past year, many listed “having money for unexpected things” and “paying bills” as their top financial difficulties. Budgeting tips and information on local programs will be provided to assist low-to-moderate-income Mainers to maximize their financial resources.
“With support from the TD Charitable Foundation, we can continue to assist individuals and families to file their taxes and receive all of their eligible benefits while also providing resources that help with financial security,” said Jennifer Giosia, Housing and Energy Services Director, Penquis. “This grant will help many individuals and families to increase their income, reduce debt, and build savings, which is incredibly important right now.”
For more information on tax preparation assistance, contact Rebecca Grant at emcash@penquis.org.
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About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank, America’s Most Convenient Bank®, one of the 10 largest commercial banking organizations in the United States. Since its inception in 2002, the Foundation has distributed over $292 million through donations to local nonprofits from Maine to Florida. More information on the TD Charitable Foundation is available at https://www.tdbank.com/corporate-responsibility/the-ready-commitment/funding-opportunities/
About TD Bank, America’s Most Convenient Bank®
TD Bank, America’s Most Convenient Bank®, is one of the 10 largest banks in the U.S., providing more than 9.5 million customers with a full range of retail, small business and commercial banking products and services at more than 1,220 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.
TD Bank, America’s Most Convenient Bank®, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com/us.
About Penquis
Established in 1967, Penquis is a non-profit 501(c)(3) organization dedicated to supporting Maine families in becoming healthy, safe, connected and financially secure. Penquis primarily serves low- and moderate-income individuals in Penobscot, Piscataquis and Knox counties. More than 50 programs work together to support four key areas: economic security, school readiness, reliable transportation and healthy lives. Penquis touches the lives of approximately 6,000 people each day and 30,000 each year. To learn more, visit www.penquis.org.
