TCF Bank 2001 Annual Report Download - page 22

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20
COMMUNITY
GIVING
At TCF, we believe that we have a special obligation to our commu-
nities that goes beyond simply providing financial services. Through
generous gifts of time, talents and resources, TCF and its employees
support many local organizations, making a difference in the neigh-
borhoods we serve. The year 2001 brought extraordinary opportunities
to express our generosity; in fact, over six million dollars was con-
tributed or raised by TCF, its employees, partners, and customers.
TCF reflects our commitment to the community by supporting a vari-
ety of nonprofit organizations through volunteer time, management
counsel and grants. This support is concentrated into four categories:
human services, community development, education, and arts/
culture. Additionally, we provide assistance to local organizations
supported by TCF employees, through active volunteerism or service
on boards and committees.
There are a variety of ways local nonprofit organizations receive
financial support from TCF:
•Branch Funds – Contributions or grants awarded to impact orga-
nizations located near TCF branches; gifts typically range between
$100 – $1,500 and are usually supported by branch personnel.
•Employee Matching Gifts – Donations contributed by employees,
matched dollar-for-dollar by TCF, to the nonprofit organiza-
tion of their choice. Over $230,000 was donated during 2001.
•Scholarships – Nearly $200,000 in scholarships were awarded
to high school and college students based on financial need.
•Employee’s Fund – Employees contributed to this Fund through
payroll deduction; the Foundation matched their contributions
100%. A committee, consisting of TCF employees, selected orga-
nizations to receive grants based on active employee involvement.
•Corporate Giving – TCF’s Corporate Giving awarded larger grants,
including multiyear commitments. Some of the grants awarded
in 2001 were to Chicago Sinfonietta, sustaining arts and culture;
Courage Center, supporting human services; Friends of Ascension,
supporting education; Local Initiatives Support Corporation, in
support of community development; and Neighborhood Housing
Services of Chicago and the Twin Cities, providing for afford-
able housing.
In addition to the numerous grants awarded, TCF also benefited the
community by supporting affordable housing efforts, providing
equity equivalent investments and assisting with the capitalization
of several affordable housing loan funds.
Special recognition goes out to all employees who raised funds for
the victims, their families and relief workers impacted by the cat-
astrophic events of September 11, 2001. Partnering with Jewel-Osco®
in Illinois/Wisconsin and with the Minneapolis Fire Department in
Minnesota, we raised over $3.2 million for the American Red Cross
and the New York Police and Fire Widows’ and Children’s Benefit Fund.
TCF is proud of its employees who are striving to make a difference
to those in need and supporting numerous programs vital to the
well-being of our communities.