Scotiabank has donated $1 million to Children's Health Foundation and London Health Sciences Foundation.
The money will support families experiencing financial hardship during treatment while in hospital.
Items such as parking passes, gas cards, travel vouchers and gift cards are purchased with through the Scotiabank Family Assistance Program.
"Alleviating some of the short-term, financial stress related to medical treatment is often essential in allowing families and patients to focus on healing," says London Health Sciences Foundation President and CEO John MacFarlane in a news release.
"This important program only exists because of the generosity of community leaders like Scotiabank."