30 Dec Build with Purpose receives TD Charitable Foundation Grant
Edison Senior Housing Project Gets $100k Boost
CHERRY HILL, N.J., Nov. 16, 2015 /PRNewswire/ — The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®, today announced that Build with Purpose, Inc. has been awarded $100,000 in grant funds to support the development of 24 units of Supportive Senior Housing in the former convent at St. Matthew the Apostle Church.
“We are very grateful to the TD Charitable Foundation for this award, it will go a long way to helping The Senior Residence at St. Matthew’s become reality” said Brian Keenan President of Build with Purpose a nonprofit real estate development company. The St. Matthew’s project will be Build with Purpose’s second senior housing project and second convent conversion. In 2013 Build with Purpose rehabilitated the vacant convent at St. Peter the Apostle Church in River Edge, NJ in to 24 units of Supportive Housing for seniors. Keenan stated that the grant funds will be used for “predevelopment costs including securing land use approvals from the Township of Edison, which is a critical”. Build with Purpose hopes to have municipal approval in early spring and intends to open the facility in early 2017.
“Each year it is our pleasure to support housing agencies that are making a difference in the community,” said Mike Rayder, Donation and Foundation Manager, TD Charitable Foundation. “Affordable housing affects thousands and we are proud to partner with agencies to address this critical need.”
About Build with Purpose
Build with Purpose has facilitated over $150 million in real estate development financing for more than 30 community organizations over the course of its first ten years and has an established track record directly developing real estate, managing real estate projects for other nonprofits and bringing a variety of community real estate assets back to life. These projects have positively impacted over 8,000 people and helped to make the surrounding communities healthier and more vibrant. For more information about Build with Purpose go to
www.bwpurpose.org or contact: Brian Keenan, President, email@example.com, 732-635-1000 X153
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates as TD Bank, America’s Most Convenient Bank®, and is one of the 10 largest commercial banking organizations in the United States. The Foundation’s mission is to serve the individuals, families and businesses in all the communities where TD Bank operates, having made more than $148.1 million in charitable donations since its inception in 2002. The Foundation’s areas of focus are affordable housing, financial literacy and education, and the environment. More information on the TD Charitable Foundation, including an online grant application, is available at www.TDBank.com.