KeyBank Has Grants Available

In celebration of KeyBank’s (NYSE: KEY) Bicentennial, the KeyBank Foundation is proud to announce a special grant program designed to strengthen Community Development Financial Institutions (CDFIs) that play a critical role in advancing affordable housing and small business development. This milestone initiative reflects KeyBank’s enduring legacy of service, resilience, and commitment to fostering economic opportunity and strengthening communities.

Through this program, the KeyBank Foundation intends to award one $200,000 grant to an exemplary CDFI in each of KeyBank’s 27 markets. These grants will provide flexible funding to help CDFIs in achieving their broader mission – whether through expanding services, enhancing infrastructure, or deepening their community impact—ensuring long-term sustainability and continued support for underserved populations.

“CDFIs are at the heart of economic empowerment, creating pathways to homeownership, business growth, and financial stability in the communities that need it most,” said Eric Fiala, Chief Corporate Responsibility Officer at KeyBank and CEO of KeyBank Foundation. “As we celebrate two centuries of service, we are proud to support investing in organizations that share our mission of creating lasting, positive change in the communities we serve.”

To be eligible, applicants must:

• Be a certified CDFI in good standing.
• Operate as a nonprofit or for-profit CDFI headquartered in a KeyBank primary market.
• Have a strong track record of advancing affordable housing and/or small business development.
• Demonstrate the capacity to effectively manage and deploy grant funds in alignment with the Foundation’s goals.

For-profit CDFIs applicants should note that additional reporting requirements related to expenditure responsibility will be required if selected.

Operating grants will provide flexible and unrestricted funding to support the broader purposes of:

• Affordable housing: Expanding access to safe, affordable housing for underserved populations.
• Small business development: Supporting the growth and sustainability of small businesses, particularly those owned by low-income entrepreneurs.

By offering flexible operating support, this grant is intended to enable CDFIs to apply funds strategically where they are needed most, fostering long-term growth, resilience, and impact.

CDFIs interested in applying must submit applications by May 16.