KeyBank, First Niagara Foundation Donate $100,000 for Endowed Scholarship at Trocaire College
Trocaire College is celebrating a gift of $100,000 from KeyBank, in partnership with the First Niagara Foundation. These funds will be used as an endowed scholarship, providing generations of Trocaire students with the financial support they need to continue their educations uninterrupted.
Trocaire students are non-traditional—many are low to median income, and the majority are raising families and working, as well. Their average unmet financial need after all aid and loans are applied is approximately $5,470, which can sometimes prove insurmountable.
“When paying for rent, childcare, transportation and all of life’s other demands on top of tuition, a gap of more than five thousand dollars can be disabling,” explained Trocaire President Bassam M. Deeb, Ph.D. “At Trocaire, we endeavor to remove the financial barriers for our students in whatever way we can, and this generous contribution by KeyBank and the First Niagara Foundation will help us do just that, in perpetuity.”
“A college education has the potential to transform students’ lives and enhance the economic vitality of our region,” said Elizabeth Gurney, executive director of the KeyBank and First Niagara Foundations. “This scholarship program will make the dream of a college education a reality for many Western New Yorkers and provide the educational resources necessary to help students attain personal and career success.”
About Trocaire College
Founded in 1958 in Buffalo, NY by the Sisters of Mercy, Trocaire College is a private, career-oriented Catholic college that strives to empower students toward personal enrichment, dignity and self-worth through education. Trocaire offers bachelor’s degrees, associate degrees, certificates and workforce development programs in healthcare, business, hospitality and technology. Recognizing the individual needs of a diverse student body, Trocaire College provides life learning and development within a community-based environment, preparing students for service in the universal community. Visit www.staging.trocaire.edu for more information and follow Trocaire on Facebook and Twitter.
KeyBank’s roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of approximately $146.7 billion at September 30, 2019. 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 over 1,100 branches and more than 1,400 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/. KeyBank is Member FDIC.
About the First Niagara Foundation
Founded in 1998, the First Niagara Foundation will carry out the philanthropic legacy of First Niagara Bank, which was acquired by KeyBank in 2016. The Foundation, in partnership with KeyBank, supports not for profit organizations dedicated to empowering individuals and neighborhoods primarily in Western New York. For more information, visit http://www.firstniagarafoundation.org.