Charity and Poverty Reduction
The Toronto Dollar varies from most local currencies in that 10% of the funds used when purchasing or redeeming the currency are allocated to benefit community initiatives and groups, particularly those who are on low incomes, unemployed or homeless. As of 2008, the Toronto dollar has helped to raise and donate over $110,000 for local charities, and has given grants to at least 35 different organizations.
The Toronto Dollar also provides an incentive for productivity for welfare recipients: Toronto dollars can be given as gifts to welfare recipients who perform volunteer work for charitable and non-profit organizations, and such gifts do not affect welfare benefits.
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Famous quotes containing the words charity and, charity, poverty and/or reduction:
“Our inherent human charity and our religious beliefs will be taxed to the limit. No poor, rural, weak, or black person should ever have to bear the additional burden of being deprived of the opportunity of an education, a job, or simple justice.”
—Jimmy Carter (James Earl Carter, Jr.)
“Having levelled my palace, don’t erect a hovel and complacently admire your own charity in giving me that for a home.”
—Emily Brontë (1818–1848)
“For all of them have contributed out of their abundance; but she out of her poverty has put in everything she had, all she had to live on.”
—Bible: New Testament, Mark 12:44.
Jesus watching the widow contribute her two mites.
“The reduction of nuclear arsenals and the removal of the threat of worldwide nuclear destruction is a measure, in my judgment, of the power and strength of a great nation.”
—Jimmy Carter (James Earl Carter, Jr.)