STOCK TITAN

Family Promise of WNY Receives $300,000 Grant From the KeyBank Foundation - the Largest Gift in the Organization's History

(Neutral)
(Very Positive)
Tags

Family Promise of WNY has received a $300,000 grant from the KeyBank Foundation, marking the largest gift in the organization's history. The grant will support capacity building for a second emergency family shelter site in Buffalo, projected to open in 2027. The funding will enable the addition of two key positions: a Housing Specialist and a Development Director. The expansion will more than double their capacity to serve Erie County's homeless families, addressing a critical need as over 100 families currently seek shelter nightly. Family Promise of WNY is one of only two emergency shelters in Erie County keeping families together, with over 70% of their guests being children.

Loading...
Loading translation...

Positive

  • Secured $300,000 grant funding over three years
  • Planned expansion will double service capacity by 2027
  • Addition of two strategic positions to improve operations

Negative

  • None.

News Market Reaction – KEY

+0.11%
+0.11% Session move

In the trading session that priced this news, KEY gained 0.11%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

Grant will fund capacity building for a second emergency family shelter site in Buffalo. Projected to open in 2027, the new shelter site will more than double Family Promise's ability to serve the Erie County family homeless population.

NORTHAMPTON, MA / ACCESSWIRE / November 20, 2024 / Family Promise of WNY, an emergency family homeless shelter, has received a KeyBank Foundation Grant for $300,000 over the next three years. The grant, the largest gift in the organization's history, is targeted for capacity building as Family Promise of WNY is in the initial stages of building a second emergency family shelter site in Buffalo. Projected to open in 2027, the new shelter site will more than double their ability to serve the Erie County family homeless population. The grant will support the addition of two key positions at the organization - a Housing Specialist who will provide more targeted intervention to assist homeless families securing permanent housing and a Development Director to help grow the organization's fiscal position.

"Family homelessness is at crisis levels in our community right now. On any given night, there are over 100 families who need a space in shelter - but there are simply no spaces for them. That is why we are trying to open a second family shelter," said Luanne Firestone, Executive Director of Family Promise. "Taking a small organization to the next level is hard. We are simply overwhelmed by and grateful for the opportunity that this KeyBank Foundation grant provides to our growing shelter program. We are confident that this capacity-building grant will allow us to house families faster and provide the strongest foundation possible for our future expansion in the community."

"Family Promise of WNY serves a vital role in our community, keeping families experiencing homelessness together by offering emergency housing and compassionate support as they work to find their way back home," said KeyBank Buffalo Market President Michael McMahon. "Their mission and work gives children and their families hope. We believe in their work and are excited to help them grow and serve more people."

"This grant to Family Promise of WNY is symbolic of the partnerships KeyBank works to forge in the communities we serve," said KeyBank Buffalo Corporate Responsibility Officer Chiwuike Owunwanne. "Securing safe and decent housing is a first step out of homelessness and gives children and their families a chance to move forward to brighter futures."

Family Promise of WNY is one of just two emergency family shelters in Erie County that keep families together through the crisis of homelessness. Over 70% of their guests are children.

Photo: L to R: KeyBank Buffalo Corporate Responsibility Officer Chiwuike Owunwanne, Family Promise of WNY Executive Director Luanne Firestone and KeyBank Buffalo Market President Michael McMahon.

View additional multimedia and more ESG storytelling from KeyBank on 3blmedia.com.

Contact Info:
Spokesperson: KeyBank
Website: https://www.3blmedia.com/profiles/keybank
Email: info@3blmedia.com

SOURCE: KeyBank



View the original press release on accesswire.com

FAQ

How much is the KeyBank Foundation grant to Family Promise of WNY?

The KeyBank Foundation granted $300,000 to Family Promise of WNY, to be distributed over three years. This represents the largest gift in the organization's history.

When will Family Promise of WNY open its second shelter site in Buffalo?

The second emergency family shelter site in Buffalo is projected to open in 2027.

What will the KeyBank Foundation grant fund at Family Promise of WNY?

The grant will fund capacity building, including the addition of two key positions: a Housing Specialist to help homeless families secure permanent housing and a Development Director to grow the organization's fiscal position.