As Part of Bicentennial Celebration, KeyBank Foundation Launches Grant Program for Community Development Financial Institutions
KeyBank (NYSE: KEY) has announced a special grant program through its Foundation to strengthen Community Development Financial Institutions (CDFIs) as part of its bicentennial celebration. The program will award $200,000 grants to one exemplary CDFI in each of KeyBank's 27 markets.
The initiative aims to provide flexible funding to help CDFIs expand services, enhance infrastructure, and deepen community impact in affordable housing and small business development. Eligible applicants must be certified CDFIs operating in KeyBank primary markets with a strong track record in advancing affordable housing or small business development.
Applications are due by May 16, 2025. KeyBank reported assets of approximately $187 billion as of December 31, 2024, operating across 15 states with approximately 1,000 branches and 1,200 ATMs.
KeyBank (NYSE: KEY) ha annunciato un programma di sovvenzioni speciali attraverso la sua Fondazione per rafforzare le Istituzioni Finanziarie di Sviluppo Comunitario (CDFI) come parte della sua celebrazione del bicentenario. Il programma assegnerà sovvenzioni di $200.000 a una CDFI esemplare in ciascuno dei 27 mercati di KeyBank.
L'iniziativa mira a fornire finanziamenti flessibili per aiutare le CDFI ad ampliare i servizi, migliorare le infrastrutture e approfondire l'impatto sulla comunità nell'ambito dell'abitazione accessibile e dello sviluppo delle piccole imprese. I richiedenti idonei devono essere CDFI certificate che operano nei mercati principali di KeyBank con una solida esperienza nell'avanzamento dell'abitazione accessibile o dello sviluppo delle piccole imprese.
Le domande devono essere presentate entro il 16 maggio 2025. KeyBank ha riportato attivi di circa $187 miliardi al 31 dicembre 2024, operando in 15 stati con circa 1.000 filiali e 1.200 sportelli automatici.
KeyBank (NYSE: KEY) ha anunciado un programa de subvenciones especiales a través de su Fundación para fortalecer las Instituciones Financieras de Desarrollo Comunitario (CDFI) como parte de su celebración del bicentenario. El programa otorgará a una CDFI ejemplar en cada uno de los 27 mercados de KeyBank.
La iniciativa tiene como objetivo proporcionar financiamiento flexible para ayudar a las CDFI a expandir servicios, mejorar la infraestructura y profundizar el impacto comunitario en la vivienda asequible y el desarrollo de pequeñas empresas. Los solicitantes elegibles deben ser CDFI certificadas que operan en los mercados principales de KeyBank con un sólido historial en la promoción de vivienda asequible o desarrollo de pequeñas empresas.
Las solicitudes deben presentarse antes del 16 de mayo de 2025. KeyBank reportó activos de aproximadamente $187 mil millones al 31 de diciembre de 2024, operando en 15 estados con aproximadamente 1,000 sucursales y 1,200 cajeros automáticos.
KeyBank (NYSE: KEY)는 200주년 기념 행사 일환으로 지역 사회 개발 금융 기관(CDFI)을 강화하기 위해 재단을 통한 특별 보조금 프로그램을 발표했습니다. 이 프로그램은 KeyBank의 27개 시장에서 각각 하나의 모범 CDFI에 $200,000 보조금을 수여합니다.
이 이니셔티브는 CDFI가 서비스를 확장하고, 인프라를 개선하며, 저렴한 주택 및 소기업 개발에서 지역 사회에 미치는 영향을 심화할 수 있도록 유연한 자금을 제공하는 것을 목표로 합니다. 자격이 있는 지원자는 KeyBank의 주요 시장에서 운영되는 인증된 CDFI로, 저렴한 주택 또는 소기업 개발을 촉진하는 데 강력한 실적을 보유해야 합니다.
신청서는 2025년 5월 16일까지 제출해야 합니다. KeyBank는 2024년 12월 31일 기준으로 약 $1870억의 자산을 보고하였으며, 15개 주에서 약 1,000개 지점과 1,200개의 ATM을 운영하고 있습니다.
KeyBank (NYSE: KEY) a annoncé un programme de subventions spéciales via sa Fondation pour renforcer les Institutions Financières de Développement Communautaire (CDFI) dans le cadre de sa célébration du bicentenaire. Le programme attribuera des subventions de 200 000 $ à une CDFI exemplaire dans chacun des 27 marchés de KeyBank.
L'initiative vise à fournir un financement flexible pour aider les CDFI à élargir leurs services, améliorer leur infrastructure et approfondir leur impact communautaire dans le domaine du logement abordable et du développement des petites entreprises. Les candidats éligibles doivent être des CDFI certifiées opérant sur les principaux marchés de KeyBank avec un solide bilan dans l'avancement du logement abordable ou du développement des petites entreprises.
Les candidatures doivent être soumises avant le 16 mai 2025. KeyBank a déclaré des actifs d'environ 187 milliards $ au 31 décembre 2024, opérant dans 15 États avec environ 1 000 agences et 1 200 guichets automatiques.
KeyBank (NYSE: KEY) hat ein spezielles Förderprogramm über seine Stiftung angekündigt, um die Community Development Financial Institutions (CDFIs) im Rahmen seiner zweihundertjährigen Feier zu stärken. Das Programm wird 200.000 $ Zuschüsse an eine beispielhafte CDFI in jedem der 27 Märkte von KeyBank vergeben.
Die Initiative zielt darauf ab, flexible Mittel bereitzustellen, um CDFIs bei der Erweiterung von Dienstleistungen, der Verbesserung der Infrastruktur und der Vertiefung der Auswirkungen auf die Gemeinschaft im Bereich erschwinglicher Wohnraum und Entwicklung kleiner Unternehmen zu unterstützen. Berechtigte Antragsteller müssen zertifizierte CDFIs sein, die in den Hauptmärkten von KeyBank tätig sind und eine nachweisliche Erfolgsbilanz in der Förderung von erschwinglichem Wohnraum oder der Entwicklung kleiner Unternehmen vorweisen können.
Die Anträge müssen bis zum 16. Mai 2025 eingereicht werden. KeyBank meldete zum 31. Dezember 2024 Vermögenswerte von etwa 187 Milliarden $ und ist in 15 Bundesstaaten mit rund 1.000 Filialen und 1.200 Geldautomaten tätig.
- Large-scale grant program covering 27 markets with $200,000 per grant ($5.4M total)
- Strong financial position with $187B in assets
- Extensive operational footprint across 15 states with 1,000 branches and 1,200 ATMs
- None.
Program is designed to strengthen Community Development Financial Institutions (CDFIs) that play a critical role in advancing affordable housing and small business development
Through this program, the KeyBank Foundation intends to award one
"CDFIs are at the heart of economic empowerment, creating pathways to homeownership, business growth, and financial stability in the communities that need it most," said Eric Fiala, Chief Corporate Responsibility Officer at KeyBank and CEO of KeyBank Foundation. "As we celebrate two centuries of service, we are proud to support investing in organizations that share our mission of creating lasting, positive change in the communities we serve."
To be eligible, applicants must:
- Be a certified CDFI in good standing.
- Operate as a nonprofit or for-profit CDFI headquartered in a KeyBank primary market.
- Have a strong track record of advancing affordable housing and/or small business development.
- Demonstrate the capacity to effectively manage and deploy grant funds in alignment with the Foundation's goals.
For-profit CDFIs applicants should note that additional reporting requirements related to expenditure responsibility will be required if selected.
Operating grants will provide flexible and unrestricted funding to support the broader purposes of:
- Affordable housing: Expanding access to safe, affordable housing for underserved populations.
- Small business development: Supporting the growth and sustainability of small businesses, particularly those owned by low-income entrepreneurs.
By offering flexible operating support, this grant is intended to enable CDFIs to apply funds strategically where they are needed most, fostering long-term growth, resilience, and impact.
CDFIs interested in applying must submit applications by May 16. More details, including how to apply and submission requirements can be found here.
ABOUT KEYBANK FOUNDATION
KeyBank Foundation is a nonprofit charitable foundation that supports organizations and initiatives aimed at improving financial wellness, education, and community development. Through strategic philanthropy, KeyBank Foundation works to create thriving communities and drive meaningful, lasting change.
ABOUT KEYCORP
In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout
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SOURCE KeyBank
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