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KeyBank Foundation Announces Awardees of $200,000 CDFI Bicentennial Grants

1. KeyBank Foundation announces $5.4 million in grants for CDFIs. 2. The initiative supports affordable housing and small business growth nationwide. 3. KeyBank celebrates its bicentennial through community engagement and development. 4. Grant recipients drive solutions in economic inclusion and workforce development. 5. KeyBank focuses on uplifting communities as part of its legacy.

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Why Bullish?

KeyBank's investment in community initiatives can enhance its brand image and client trust, similar to past investments that led to increased customer loyalty. Historical examples show that banks with strong community ties perform better during downturns.

How important is it?

The article highlights significant community investments that align with KeyBank's long-term strategy, indicating strong future growth potential and market presence.

Why Long Term?

The benefits of community-focused investments often take time to materialize, but they build sustainable relationships and long-term loyalty among clients. For example, prior community investments led to gradual increases in deposits and loan applications over multiple quarters.

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Over $5 Million in Funding Granted to CDFIs Nationwide, /PRNewswire/ -- KeyBank Foundation is proud to announce the recipients of its $5.4MM special grant program designed to strengthen Community Development Financial Institutions (CDFIs). In celebration of KeyBank's (NYSE: KEY) bicentennial, the KeyBank Foundation launched a national grant initiative to support CDFIs across its 27 markets, with a focus on affordable housing and small business growth. In markets where no eligible CDFI proposals were received, KeyBank is establishing a $200,000 donor-advised fund to ensuring each of its communities are a part of this historic celebration. KeyBank’s branch in West Valley City, Utah Selected CDFI grant recipients are driving bold, community-rooted solutions in affordable housing, economic inclusion, workforce development, and neighborhood revitalization. Their work is reshaping what is possible for the places and people they serve. "We are thrilled to announce the awardees of KeyBank's CDFI grant program," said Chris Gorman, Chairman and CEO of KeyCorp. "Their work reflects what it truly means to invest in communities and it is an honor to recognize their impact as part of our bicentennial celebration. These awards are more than a financial investment; they are a statement of partnership and belief in what is possible when we work together to uplift communities." With more than $5 million invested in this initiative, KeyBank is delivering on its purpose: to help our clients and communities thrive."At Key, we believe that being in community is more than just geography, it's about deep relationships and shared progress," added Eric Fiala, Chief Corporate Responsibility Officer at KeyBank, CEO, KeyBank Foundation. "These CDFIs are on the ground every day, expanding opportunity and access for all. It's a privilege to work alongside them, especially as we mark this milestone in our company's legacy."To celebrate KeyBank's bicentennial, CEO Chris Gorman and senior leaders will visit communities nationwide to recognize awardees alongside clients, teammates, and partners. These events will highlight the organizations' impact and strengthen KeyBank's ties to the communities and clients it serves.The CDFI Grant Awardees 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 OH | 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 PA | 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 PA | Renewable Manufacturing Gateway dbs Community Growth Fund KeyBank Bicentennial Community Development funds will be established at: Florida | Collier County Community Foundation Northern Indiana | Northern Indiana Community Foundation of Elkhart County Tacoma | Greater Tacoma Community Foundation Toledo | Greater Toledo Community Foundation ABOUT KEYBANK FOUNDATIONKeyBank 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 KEYCORPIn 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from Maine to Alaska. To learn more, visit KeyBank Heritage Center. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $185 billion at June 30, 2025. 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. SOURCE KeyBank WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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