Employees Also Receive Daycare Assistance
March 25, 2020
KeyBank announced that its foundation has pledged $1 million for coronavirus assistance. Among other steps being taken are daycare assistance for those employees who must report to their worksite to fulfill their duties.
As part of its response to the impact of COVID-19, the KeyBank Foundation announced several steps it will take to support and augment employee donations and volunteer efforts. This includes an initial $1 million commitment to support vulnerable individuals, small businesses, and neighborhoods.
These funds will be in addition to a 2:1 match for employee gifts up to $2000 made between March 1, 2020 and April 30, 2020. The KeyBank Foundation also committed to shifting resources to supporting projects designed to minimize the impact of COVID-19 on communities' most vulnerable members, small businesses, and neighborhoods.
"In addition to how KeyBank is supporting clients, philanthropy will play a critical part in our response to spread of the COVID-19 in our communities," said Elizabeth Gurney, Director of Philanthropy. "This initial commitment is just the start. The spread of the COVID-19 is impacting all of us in all of our communities, especially those in already vulnerable situations. We must stand up to help protect and support all members of our community during this crisis."
In addition to financial programs already in place, KeyBank announced it will defer payment for at least 90 days for clients facing economic hardship due to the spread of COVID-19. Read more about KeyBank’s coronavirus assistance.
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Most financial institutions have tremendous excess capacity in their existing branches today.