Grant is part of program designed to strengthen Community Development Financial Institutions (CDFIs) and foundations that play a critical role in fostering economic opportunity and strengthening communities
Vermont Business Magazine To celebrate 200 years of KeyBank’s service to communities across the nation, KeyBank Foundation is awarding a $200,000 philanthropic grant to Cornerstone Housing Partners.
This is part of Key’s special bicentennial grant program designed to strengthen Community Development Financial Institutions (CDFIs) and foundations that play a critical role in advancing affordable housing and small business development.
Cornerstone Housing Partners is a CDFI that for more than 30 years has been moving people into quality housing across Vermont communities. This is accomplished through the development of new housing opportunities, rental housing, and mobile home parks.
“At Key, we believe community is more than geography. Community is about building deep relationships and shared progress toward achieving a common goal,” said Tony DiSotto, president, Vermont Market, KeyBank. “Cornerstone Housing Partners is 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 legacy.”
“We are deeply grateful to KeyBank Foundation for this bicentennial grant, which will help us expand our work to create more affordable housing in communities that have historically been left behind,” said Mary Cohen, CEO, Cornerstone Housing Partners. “From young families starting out to single parents finding their footing, seniors ready to downsize and individuals with special needs who are striving for independence, we believe everyone deserves a safe, affordable, attractive place to call home. This investment strengthens our ability to make this a reality.”
The KeyBank Foundation is donating $200,000 to community development efforts in each of KeyBank’s 27 markets. These milestone grants, totaling $5.4 million, reflect KeyBank’s enduring legacy of service, resilience, and commitment to fostering economic opportunity and strengthening communities. They will provide flexible funding to help CDFIs and community foundations achieve their broader mission – whether through expanding services, enhancing infrastructure, or deepening their community impact—ensuring long-term sustainability.
“As KeyBank marks two centuries of service, we are proud to invest in organizations that share our mission of creating lasting, positive change in the communities we serve,” said Eric Fiala, Chief Corporate Responsibility Officer at KeyBank and CEO of the KeyBank Foundation. “These grants celebrate these organizations that foster economic empowerment, business growth, and financial stability, and help build and sustain neighborhoods block by block.”
ABOUT KEYCORP
In 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/.
ABOUT KEYBANK FOUNDATION
KeyBank 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.
RUTLAND, Vt., October 16, 2025 – KeyBank
To support vital journalism, access our archives and get unique features like our award-winning profiles, Book of Lists & Business-to-Business Directory, subscribe HERE!
