KeyBank Foundation Commits $150k to Food Bank

TARRYTOWN – KeyBank and the Food Bank of the Hudson Valley announce a two-year grant from KeyBank Foundation, the non-profit charitable foundation of KeyBank, that will purchase and distribute 44,910 pounds of food per year to Poughkeepsie, Newburgh, and Middletown NY residents. This equates to 37,000 healthy meals per year for needy individuals and families. KeyBank’s donation will help the Food Bank and their partner agencies address a 23% increase in the need for food since prior to the pandemic and an 11% since June of 2020.

“With this funding commitment KeyBank will make a very direct impact on feeding people in need and alleviating hunger in Poughkeepsie, Newburgh, and Middletown. This is a tremendously thoughtful and meaningful contribution that will fill the shelves of food pantries and soup kitchens and go directly to children, families, and others in need,” said Tom Nardacci, CEO of the Regional Food Bank of Northeastern New York “We are incredibly grateful for KeyBank’s long support and for this generous contribution.”

Food Bank of the Hudson Valley and the Regional Food Bank of Northeast New York work in partnership to alleviate hunger and prevent food waste by collecting large donations of edible but unmarketable food from the food industry and distributing it to 1,000 food pantries, soup kitchens and other charitable agencies in 23 counties of northeastern New York. Each year the Food Bank provides this network of agencies with more than 36 million pounds of food and other basic need items and helps feed 300,000 different people.

KeyBank Foundation’s grant is directed to help feed food-insecure residents in the Poughkeepsie, Newburgh and Middletown communities served by KeyBank.

“At KeyBank, supporting the communities where we do business is at the core of our company’s culture,” said John Manginelli, KeyBank Hudson Valley/Metro New York Market President. “We are proud to support Food Bank of Hudson Valley and their partner agencies in their work to eliminate hunger and help provide basic needs to our most vulnerable neighbors.”

KeyBank Foundation grants are part of a $40 billion commitment for lending and investments across Key’s national footprint established in 2017 and supporting affordable housing and community development projects, home, and small business lending in low- and-moderate income communities, and philanthropic efforts targeted toward education, workforce development, and safe, vital neighborhoods.

KeyBank has 42 branches throughout the Hudson Valley, including branches in Poughkeepsie, Newburgh, and Middletown.

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