TD Banknorth announced Monday that the Cape Elizabeth Education Foundation will be the beneficiary for this year’s TD Banknorth Beach to Beacon 10K road race, scheduled for August 5.

The CEEF is a non-profit organization that enriches learning for Cape Elizabeth youths by funding innovative projects that fall outside of the school. TD Banknorth will provide a cash donation of $30,300, through the TD Banknorth Charitable Foundation.