KeyBank Foundation Awards $5.4M in Grants to Support CDFIs and Community Growth
KeyBank Foundation has announced the recipients of its $5.4 million special grant initiative, aimed at enhancing the work of Community Development Financial Institutions (CDFIs). This funding effort marks a major milestone in celebration of KeyBank’s (NYSE: KEY) 200th anniversary. The national grant program spans KeyBank’s 27 markets, prioritizing investments in affordable housing and small business development.
In regions where no qualifying CDFI proposals were submitted, KeyBank is establishing $200,000 donor-advised funds to ensure all its communities are recognized in this historic milestone.
The selected CDFIs are leading innovative, community-based projects in areas such as housing affordability, inclusive economic growth, workforce empowerment, and neighborhood revitalization. These organizations are helping redefine what's possible for the people and communities they serve.
“We are excited to recognize the recipients of KeyBank’s CDFI grant initiative,” said Chris Gorman, Chairman and CEO of KeyCorp. “These organizations embody what it means to truly invest in community success. Their impact goes beyond dollars—it’s about partnership and shared vision as we commemorate this significant moment in our history.”
With over $5 million committed to this cause, KeyBank reaffirms its mission to support the growth and resilience of the clients and communities it serves.
“Community means more than just a location—it’s about connection and mutual progress,” said Eric Fiala, Chief Corporate Responsibility Officer of KeyBank and CEO of the KeyBank Foundation. “These CDFIs are on the frontlines, advancing access and equity. We’re honored to partner with them as we celebrate this meaningful chapter in our company’s journey.”
As part of the bicentennial celebration, CEO Chris Gorman and KeyBank leaders will visit grant recipients across the country, joining with clients, staff, and community partners to highlight the impact of their work and deepen local connections.
Grant Recipients Include:
In regions where no qualifying CDFI proposals were submitted, KeyBank is establishing $200,000 donor-advised funds to ensure all its communities are recognized in this historic milestone.
The selected CDFIs are leading innovative, community-based projects in areas such as housing affordability, inclusive economic growth, workforce empowerment, and neighborhood revitalization. These organizations are helping redefine what's possible for the people and communities they serve.
“We are excited to recognize the recipients of KeyBank’s CDFI grant initiative,” said Chris Gorman, Chairman and CEO of KeyCorp. “These organizations embody what it means to truly invest in community success. Their impact goes beyond dollars—it’s about partnership and shared vision as we commemorate this significant moment in our history.”
With over $5 million committed to this cause, KeyBank reaffirms its mission to support the growth and resilience of the clients and communities it serves.
“Community means more than just a location—it’s about connection and mutual progress,” said Eric Fiala, Chief Corporate Responsibility Officer of KeyBank and CEO of the KeyBank Foundation. “These CDFIs are on the frontlines, advancing access and equity. We’re honored to partner with them as we celebrate this meaningful chapter in our company’s journey.”
As part of the bicentennial celebration, CEO Chris Gorman and KeyBank leaders will visit grant recipients across the country, joining with clients, staff, and community partners to highlight the impact of their work and deepen local connections.
Grant Recipients Include:
- Akron/Canton/Mahoning Valley – Western Reserve Community Fund
- Alaska – Cook Inlet Lending Center
- Albany – Community Loan Fund of the Capital Region
- Buffalo – Launch New York, Inc.
- Central Indiana – Indianapolis Neighborhood Housing Partnership, Inc.
- Central Ohio – Freedom Equity Inc
- Cincinnati – Cincinnati Development Fund, Inc.
- Cleveland – Cleveland Development Advisors Community Reinvestment Fund, Inc.
- Colorado – Community Enterprise Development Services
- Connecticut/Western Massachusetts – Capital for Change
- Dayton – Dayton Region New Market Fund
- Eastern Pennsylvania – Community First Fund dba Finanta
- Hudson Valley/Metro New York – Local Initiatives Support Corporation
- Idaho – NewWest Community Capital, Inc.
- Maine – Coastal Enterprises Inc.
- Michigan – Invest Detroit Foundation
- Oregon – Portland Housing Center
- Rochester – Neighborhood Housing Services of Rochester, Inc. (NHSR)
- Syracuse – Home Headquarters Inc.
- Utah – Community Development Fund of Utah
- Vermont – Rutland West Neighborhood Housing Services Inc. dba Cornerstone Housing Partners
- Washington – Seattle Economic Development Fund
- Western Pennsylvania – Renewable Manufacturing Gateway dba Community Growth Fund
Donor-Advised Funds Will Be Created In:
- Florida – Collier County Community Foundation
- Northern Indiana – Northern Indiana Community Foundation of Elkhart County
- Tacoma – Greater Tacoma Community Foundation
- Toledo – Greater Toledo Community Foundation
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