STOCK TITAN

KeyBank Invests $480,000 in Central State University to Establish the KeyBank Scholars Program, Provide Tuition Support for Students

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

KeyBank and the KeyBank Foundation have announced a $480,000 investment in Central State University (CSU), Ohio's only public Historically Black College and University (HBCU). The funds will establish the KeyBank Scholars (KBS) Program, providing tuition support for 40 students over five years. The program includes a five-week summer bridge program and $2,000 annual scholarships for four years. Students must maintain a 3.0 GPA to receive the awards.

The KBS Program aims to enhance student experience and promote long-term success. Previous CSU summer bridge programs have shown promising results, with 83% of participants on track to graduate on time and an average GPA of 3.15. This investment aligns with KeyBank's commitment to supporting local students and communities, as well as CSU's mission to foster academic excellence and prepare diverse students for leadership roles.

KeyBank e la KeyBank Foundation hanno annunciato un investimento di $480,000 nella Central State University (CSU), l'unica storicamente Black College e University (HBCU) pubblica dell'Ohio. I fondi serviranno per istituire il Programma KeyBank Scholars (KBS), che fornirà supporto per le tasse universitarie a 40 studenti per cinque anni. Il programma include un ponte estivo di cinque settimane e borse di studio annuali di $2,000 per quattro anni. Gli studenti devono mantenere un GPA di 3.0 per ricevere i premi.

Il Programma KBS ha l'obiettivo di migliorare l'esperienza degli studenti e promuovere il successo a lungo termine. I precedenti programmi di ponte estivo della CSU hanno mostrato risultati promettenti, con l'83% dei partecipanti in grado di laurearsi in tempo e una media di GPA di 3.15. Questo investimento è in linea con l'impegno di KeyBank nel sostenere gli studenti e le comunità locali, così come la missione della CSU di promuovere l'eccellenza accademica e preparare studenti diversi per ruoli di leadership.

KeyBank y la Fundación KeyBank han anunciado una inversión de $480,000 en la Universidad Estatal Central (CSU), la única Universidad Históricamente Negra (HBCU) pública de Ohio. Los fondos establecerán el Programa KeyBank Scholars (KBS), que proporcionará apoyo para matrícula a 40 estudiantes durante cinco años. El programa incluye un puente de verano de cinco semanas y becas anuales de $2,000 durante cuatro años. Los estudiantes deben mantener un GPA de 3.0 para recibir las becas.

El Programa KBS tiene como objetivo mejorar la experiencia de los estudiantes y promover el éxito a largo plazo. Los programas de puente de verano anteriores de la CSU han mostrado resultados prometedores, con el 83% de los participantes en camino de graduarse a tiempo y un GPA promedio de 3.15. Esta inversión está alineada con el compromiso de KeyBank de apoyar a los estudiantes y comunidades locales, así como con la misión de la CSU de fomentar la excelencia académica y preparar a estudiantes diversos para roles de liderazgo.

KeyBank와 KeyBank 재단이 오하이오주 유일의 공립 역사적으로 흑인 대학인 중앙주립대학(CSU)에 대해 $480,000의 투자를 발표했습니다. 이 자금은 KeyBank Scholars (KBS) 프로그램을 수립하여 5년 동안 40명의 학생에게 학비 지원을 제공합니다. 프로그램에는 5주 여름 브릿지 프로그램과 4년 동안 매년 $2,000 장학금이 포함되어 있습니다. 학생들은 지원금을 받기 위해 3.0의 GPA를 유지해야 합니다.

KBS 프로그램은 학생 경험을 향상시키고 장기적인 성공을 촉진하는 것을 목표로 합니다. 이전 CSU 여름 브릿지 프로그램은 참가자의 83%가 제시간에 졸업할 수 있는 경로에 있으며 평균 GPA가 3.15인 유망한 결과를 보여주었습니다. 이 투자는 KeyBank이 지역 학생 및 커뮤니티 지원에 대한 헌신과 CSU의 학문적 우수성을 촉진하고 다양한 학생들이 리더십 역할을 준비하도록 하는 사명과 일치합니다.

KeyBank et la Fondation KeyBank ont annoncé un investissement de 480 000 $ dans l'Université d'État centrale (CSU), la seule Université historiquement noire (HBCU) publique de l'Ohio. Les fonds établiront le Programme KeyBank Scholars (KBS), qui fournira un soutien aux frais de scolarité pour 40 étudiants pendant cinq ans. Le programme comprend un programme d'été de cinq semaines et des bourses annuelles de 2 000 $ pendant quatre ans. Les étudiants doivent maintenir un GPA de 3,0 pour recevoir les récompenses.

Le Programme KBS vise à améliorer l'expérience des étudiants et à promouvoir le succès à long terme. Les programmes de pont d'été précédents de la CSU ont montré des résultats prometteurs, avec 83 % des participants en bonne voie pour obtenir leur diplôme à temps et une moyenne de GPA de 3,15. Cet investissement s'inscrit dans l'engagement de KeyBank à soutenir les étudiants et les communautés locales, ainsi que dans la mission de la CSU de favoriser l'excellence académique et de préparer des étudiants divers pour des rôles de leadership.

KeyBank und die KeyBank-Stiftung haben eine Investition von $480.000 in die Central State University (CSU) angekündigt, die einzige öffentliche Historically Black College and University (HBCU) in Ohio. Die Mittel werden das KeyBank Scholars (KBS) Programm einrichten, das 40 Studierenden über fünf Jahre hinweg Studiengebührenhilfe bieten wird. Das Programm umfasst ein fünfwöchiges Sommerbrückenprogramm und jährliche Stipendien von $2.000 für vier Jahre. Die Studierenden müssen einen GPA von 3,0 aufrechterhalten, um die Auszeichnungen zu erhalten.

Das KBS-Programm zielt darauf ab, die Studentenerfahrung zu verbessern und den langfristigen Erfolg zu fördern. Frühere Sommerbrückenprogramme der CSU haben vielversprechende Ergebnisse gezeigt, wobei 83 % der Teilnehmer auf dem besten Weg waren, rechtzeitig zu graduieren und mit einem Durchschnitts-GPA von 3,15 abzuschließen. Diese Investition steht im Einklang mit dem Engagement von KeyBank, lokale Studierende und Gemeinschaften zu unterstützen, sowie mit der Mission der CSU, akademische Exzellenz zu fördern und vielfältige Studierende auf Führungsrollen vorzubereiten.

Positive
  • KeyBank's $480,000 investment supports education at a Historically Black College and University
  • The program provides tuition support for 40 students over five years
  • Students receive $2,000 annual scholarships for four years
  • Previous summer bridge programs at CSU show 83% of participants on track to graduate on time
Negative
  • None.

The program will be a robust scholarship and student development intervention to enhance the student experience and promote long term student success outcomes

NORTHAMPTON, MA / ACCESSWIRE / September 11, 2024 / KeyBank and the KeyBank Foundation proudly announced an investment of $480,000 in Ohio's only public Historically Black College or University (HBCU) and 1890 Land-Grant Institution, Central State University (CSU). Grant dollars given to the university will establish the KeyBank Scholars (KBS) Program to implement summer bridge programs, providing tuition support for 40 students over a five-year period.

The KBS Program will become a part of CSU's Student and Institutional Success Model (SISM) geared to improve student academic outcomes. The program will be a robust scholarship and student development intervention to enhance the student experience and promote long term student success outcomes.

"All of us at KeyBank are so proud to partner with Central State University to establish the KeyBank Scholars Program," said Jeff Bardonaro, Dayton KeyBank Market President. "We are committed to helping local students and families thrive by providing tuition support to help them reach their goals. This investment will help ensure a bright future for many CSU students and build even stronger communities in our region for years to come."

"Central State University is deeply honored to partner with KeyBank in establishing the KeyBank Scholars Program," said President Dr. Morakinyo A.O. Kuti ,Central State University. "This significant investment underscores the importance of providing our students with not only financial support but also the developmental resources they need to thrive. The program aligns perfectly with our commitment to fostering academic excellence and long-term success for our students. Through this partnership, we are building a brighter future for our scholars, empowering them to become leaders who will make a lasting impact in their communities and beyond."

Over the grant period, 40 students will take part in a summer bridge program for five weeks prior to their first year of college with the objective to adjust participants to academic and social undergraduate experience. Participants will receive $2,000 per year for four years in scholarships upon meeting program criteria. Those enrolled in the program must maintain a 3.0 GPA to receive scholarship awards.

Previous CSU summer bridge program results show that 83% of participants are on track to graduate within regular program schedule with an average GPA of 3.15. In comparison, the national four-year graduation rate for all students is 45%, African American students is 26%.

ABOUT KEYCORP

KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at June 30, 2024.

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 the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.

ABOUT CENTRAL STATE UNIVERSITY

Central State University is a public HBCU and 1890 Land-Grant Institution with an over 135-year tradition of preparing students from diverse backgrounds and experiences for leadership, research, and service. The University fosters academic excellence within a nurturing environment and provides a solid liberal arts foundation and STEM-Ag curriculum leading to professional careers and advanced studies globally.

EEO Statement: Central State University, an 1890 Land-Grant Institution, offers its programs and activities to people of diverse backgrounds and does not discriminate on the basis of age, ancestry, race, color, disability, gender identity or expression, genetic information, HIV/AIDS status, marital or family status, military status, national origin, political beliefs, religion, sex, sexual orientation, or veteran status. The University is an Equal Opportunity/Affirmative Action Institution. For inquiries regarding non-discrimination policies or accessibility, please contact the Department of Human Resources at 937-376-6540.   



View additional multimedia and more ESG storytelling from KeyBank on 3blmedia.com.

Contact Info:
Spokesperson: KeyBank
Website: https://www.3blmedia.com/profiles/keybank
Email: info@3blmedia.com

SOURCE: KeyBank



View the original press release on accesswire.com

FAQ

What is the KeyBank Scholars Program at Central State University?

The KeyBank Scholars Program is a $480,000 investment by KeyBank to provide tuition support and a summer bridge program for 40 students over five years at Central State University, Ohio's only public HBCU.

How much scholarship money do students receive in the KeyBank Scholars Program?

Students in the KeyBank Scholars Program receive $2,000 per year for four years, totaling $8,000 in scholarship funds, provided they maintain a 3.0 GPA.

What are the success rates of previous summer bridge programs at Central State University?

Previous summer bridge programs at Central State University have shown that 83% of participants are on track to graduate within the regular program schedule, with an average GPA of 3.15.

How does the KeyBank Scholars Program impact KeyBank's (KEY) community involvement?

The KeyBank Scholars Program demonstrates KeyBank's (KEY) commitment to supporting local students and families, enhancing education in underserved communities, and building stronger communities in the regions where they operate.

KeyCorp

NYSE:KEY

KEY Rankings

KEY Latest News

KEY Stock Data

15.34B
943.20M
0.38%
82.73%
2.4%
Banks - Regional
National Commercial Banks
Link
United States of America
CLEVELAND