The KeyBank Foundation

Being the 19th largest bank in the United States based on total deposits, and the 24th based on total assets, KeyBank was only formed in 1994, and has become one of the major players in the finance services industry. They now have over 17,000 employees handling diverse client base – spanning from retail, small business, corporate, and investment clients. Out of that 17,000, a small yet significant group makes the company’s role of extending to the rest of the community.  The KeyBank Foundation, through its civic programs, volunteerism support organizations and corporate contributions, fosters economic self-sufficiency in the society wherein it operates.

The KeyBank Foundation is viewed as one of the most effective corporate, non-profit charitable foundations in the United States. Funded by KeyCorp, the organization was first named in 1969 as Society Foundation. They became known as Key Foundation in 1996 and KeyBank Foundation thirteen years later in 2009.

The KeyBank Foundation has pledged their help to the community by being a corporate neighbor. They take an active role in the advancement of economic self-sufficiency through funding priorities.  By giving financial support, the KeyBank Foundation helps communities and individuals prosper.

They offer three funding priorities, namely Financial Education to foster effective financial management and understanding; Workforce Development to train people and give them better access or placement to job opportunities; and Diversity to promote inclusive environments  and improve the access of individuals coming from different backgrounds.

The KeyBank Foundation provides support through grants, sponsorships, matching gifts, community leadership gifts, and volunteers. As much as they would like to support all worthwhile endeavors, the company has to set limits. Grants are not made available to individuals, fraternal organizations, athletic teams, advertisements, and organizations outside the United States.

In 2009 and 2010, the KeyBank Foundation’s total contributions reached $18.1 million. A projected increase in funding for community development can be expected in the years to come.