St. Vincent de Paul of Lane County Receives $150,000 Grant from KeyBank

Rhea-AI Summary

KeyBank has awarded a $150,000 grant to the St. Vincent de Paul Society of Lane County (SVdP) to support its new Shed-ucation initiative. This program, developed with Lane Workforce Partnership and Lane Educational Service District, enables students in rural high schools to gain hands-on experience by building sheds for mobile-home parks. The funding will cover costs for materials and labor, benefiting students with practical skills and low-income families with quality storage solutions. KeyBank's Market President praised the project for its community impact and career preparation for youth.

Positive

• KeyBank granted $150,000 to SVdP, enhancing community welfare and education.
• The initiative offers practical training for rural students in construction, supporting career readiness.
• SVdP's Shed-ucation project directly aids low-income families with new storage solutions.

Negative

• None.

EUGENE, OR / ACCESSWIRE / March 20, 2023 / St. Vincent de Paul Society of Lane County (SVdP) has received a $150,000 grant from KeyBank to support its Shed-ucation initiative, an innovative new program spearheaded by SVdP in collaboration with Lane Workforce Partnership and the Lane Educational Service District (ESD). Through this program, students in Career Technical Education (CTE) courses at rural public high schools throughout Lane County will build outdoor sheds for installation at several mobile-home parks operated by SVdP. This program presents a triple bottom line, benefitting students seeking hands-on experience, mobile home parks seeking impactful facilities upgrades, and local labor pools seeking workers with skills in building and construction.

The funds gifted by KeyBank will be used to offset the costs of materials, transportation and labor associated with the construction and delivery of new sheds and the demolition and removal of existing sheds. During the program, students will obtain practical experience in tasks related to constructing a small but complex structure and learn foundational skills for well-paying careers in the construction industry. Simultaneously, low-income families will gain new, high-quality sheds where they can securely store items such as landscaping equipment, bicycles or other bulky items unsuitable for storage inside their homes.

"We are impressed with the ingenuity inherent in this project, the many positive outcomes it will foster and its potential to serve as a working model for schools, nonprofits and communities across the state and region," said Josh Lyons, KeyBank's Market President for Oregon and S.W. Washington and Commercial Banking leader. "We appreciate the practical, hands-on skills it will teach to our promising youth in preparing them for successful careers, as well as the assistance the finished products will provide to SVdP's clients. It's a win-win for the community as a whole."

"This partnership is unique in that it serves low-income people in our mobile-home parks and it provides realistic job training for young people - primarily those at rural schools, where students are rarely provided this kind of opportunity," said SVdP Executive Director Terry McDonald. "We are thrilled to be able to come together with our partners in this project, thanks to KeyBank, as we all work toward building a better community one shed at a time."

About St. Vincent de Paul Society of Lane County
Incorporated in 1955 in Eugene, Oregon, SVdP today is the largest nonprofit human-services agency in Lane County and one of the leading affordable-housing developers in the state. SVdP owns and operates more than 1,600 units of permanent affordable housing for low-income residents and helps more than 35,000 individuals annually through an array of services forming a social safety net; this includes sheltering 500-600 unhoused people every night. SVdP operates a network of 13 St. Vinnie's retail-thrift stores and one used-car lot; an extensive online book sales program; the first and still the largest mattress-recycling enterprise in the nation (DR3 Recyling); and other waste-based recycling and manufacturing enterprises - all designed to create sustainable jobs and revenue to support SVdP's charitable efforts. For more information, visit www.svdp.us.

About KeyBank
KeyCorp's roots trace 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 $190 billion at December 31, 2022. 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 1,300 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 is Member FDIC.

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 source version on accesswire.com:
https://www.accesswire.com/744639/St-Vincent-de-Paul-of-Lane-County-Receives-150000-Grant-from-KeyBank

FAQ

What is the purpose of the $150,000 grant from KeyBank to SVdP?

The grant supports the Shed-ucation initiative, helping students build sheds for mobile-home parks.

When was the grant from KeyBank to SVdP announced?

The grant was announced on March 20, 2023.

How will the grant from KeyBank benefit students involved in the Shed-ucation program?

It provides students with hands-on experience in construction, equipping them with practical skills for future careers.

What community needs does the Shed-ucation initiative address?

It addresses the need for quality storage solutions for low-income families and provides job training for students.

Which organizations are collaborating on the Shed-ucation initiative?

The initiative is a collaboration among SVdP, Lane Workforce Partnership, and Lane Educational Service District.