KeyBank's Community Investment

In states where Key has a presence, there are approximately 1.7 million low- to moderate-income (LMI) households. Many LMI individuals don’t have bank accounts or access to credit, and Key recognizes this important segment of the population as the “underserved.” Unfortunately, many underserved individuals turn to payday lenders or check cashing stores as a source of banking and receive no help establishing a credit history, breaking the cycle of debt, or establishing savings.

Since launching KeyBank Plus in 2004, Key has been a leader in responsible innovation for the underserved. KeyBank Plus is a unique combination of solutions which goes beyond “traditional” banking, creates economic stability and wealth-building, and offers reasonably priced products with features that ensure responsible use. For its approach to the underserved, Key has been recognized as an industry leader by the Center for Financial Services Innovation (CFSI), the National Community Reinvestment Coalition (NCRC), the Federal Reserve, the U.S. House Finance Committee, and the Federal Deposit Insurance Corporation (FDIC).

 

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Social Impact & Volunteering

KeyBank, Edna Martin Christian Center Team Up to Pack 10,000 Meals to Fight Hunger in Indianapolis
KeyBank and the Edna Martin Christian Center (EMCC) joined forces to pack 10,000 meals for those in need. This initiative aimed not only to address the pressing issue of hunger in the greater Indianapolis area but also to highlight the importance of volunteerism.

Philanthropy & Cause Initiatives

Covenant House Alaska Receives $150,000 Grant from KeyBank To Improve Career Access for Underserved Youth
Covenant House Alaska (CHA) has received a $150,000 grant from KeyBank to help fund a pilot project designed to reach youth in the child welfare, foster care and juvenile justice systems. It will offer intensive, individualized support and wraparound services.

Philanthropy & Cause Initiatives

KeyBank and Elmwood Park Zoo Announce New Partnership That Supports Zoo-On-Wheels
KeyBank and the Elmwood Park Zoo in Norristown, Pennsylvania recently announced that they have formed a new community partnership that provides funding for Zoo-On-Wheels, a mobile zoo program that makes more than 400 visits to schools and community groups throughout Pennsylvania.

Philanthropy & Cause Initiatives

KeyBank’s West Valley Branch Celebrates One-Year Anniversary with a $10,000 Grant to Comunidades Unidas
KeyBank commemorated the one-year anniversary of its West Valley City branch recently, with a celebration that included a variety of sweepstakes, networking, a visit from a Real Salt Lake player, family activities and a $10,000 grant to support the mission of Comunidades Unidas.

Sustainable Finance & Socially Responsible Investment

Cleveland Housing Investment Fund Launches With Initial $38 Million Commitment To Support Equitable, Affordable Housing
LISC Fund Management, LLC (LFM) and partners are pleased to announce the launch of the Cleveland Housing Investment Fund (CHIF), made possible by a transformative $18 million grant commitment from the City of Cleveland and a $20 million planned investment from KeyBank.

Sustainable Finance & Socially Responsible Investment

KeyBank Provides $2 Million Loan to C3 Fund for the Advancement of Women and BIPOC Real Estate Investors
KeyBank Community Development Financial Institutions (CDFI) Lending and Investment Group has provided a $2 million loan to C3’s Impact Fund.

Philanthropy & Cause Initiatives

Brothers Redevelopment Inc. Receives $300,000 Grant From KeyBank To Support Senior Citizen Housing Program
KeyBank has awarded a $300,000 grant to Brothers Redevelopment, Inc. (BRI), a Denver-based nonprofit organization providing housing improvement and related services to vulnerable Colorado residents.

Philanthropy & Cause Initiatives

KeyBank Donates $5,000 to the Boys & Girls Clubs of Buffalo to Support the 2 Pack a Backpack Drive
KeyBank proudly donated $5,000 to the Boys & Girls Clubs of Buffalo to support the annual 2 Pack a Backpack school supply drive on WGRZ-TV. This effort helps families in need across Western New York purchase essential supplies needed for their children to start the school year.

Sustainable Finance & Socially Responsible Investment

KeyBank Invests $450,000 in the Trade Institute of Pittsburgh To Connect Individuals to Employment in Trade Field
KeyBank announced an investment of $450,000 in the Trade Institute of Pittsburgh (TIP) to bolster its Advanced Masonry Pre-Apprenticeship Program (AMP). The program is designed to empower individuals facing barriers to employment and other marginalized populations.

Philanthropy & Cause Initiatives

KeyBank Donates $180,000 to Rainier Scholars – Tacoma
KeyBank has announced a grant of $180,000 to Rainier Scholars – Tacoma as the nonprofit seeks to rapidly grow its services to underrepresented students of color in the greater Tacoma area. The goal is to provide youth with the academic, social, and emotional support needed to exc
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More from KeyBank

  1. KeyBank's Community Investment
    In states where Key has a presence, there are approximately 1.7 million low- to moderate-income (LMI) households. Many LMI individuals don’t have bank...
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  3. KeyBank's Commitment to Diversity
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  4. Key Supports Affordable Housing
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  7. KeyBank 2022 Environmental, Social and Governance Report
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  8. KeyBank 2021 Environmental, Social and Governance Report
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  9. Focused Forward: KeyCorp 2013 CR Report
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