Covenant House Alaska Receives $100,000 Grant from KeyBank To Support Programs for Homeless Youth
Grant is bank’s largest ever in the state of Alaska
ANCHORAGE—A $100,000 grant from KeyBank to Covenant House Alaska, announced as part of its annual Fire & Ice Ball, is the bank’s largest donation to date in the state of Alaska.
“At KeyBank, our mission is to help our communities thrive—and that begins with our youth, which is why we are thrilled to support Covenant House Alaska’s mission to help youth experiencing homelessness build wonderful futures,” said Alaska KeyBank President Lori McCaffrey in announcing the gift.
KeyBank’s grant comes at a critical time, with Covenant House Alaska (CHA) expanding to five programs across Anchorage to meet the growing needs of youth experiencing homelessness and trafficking. The grant was announced at last week’s Fire & Ice Ball, with funds going to keep CHA’s programs operating 24/7 and 365 days a year.
The event commemorated 30 years of service at Covenant House Alaska, in an elegant nod to the 1980s when CHA first opened.
“Turnout and support were unprecedented at this year’s event,” said Alison Kear, Executive Director of CHA. “We are honored to be the recipient of KeyBank’s largest gift in the state of Alaska, which further spurred generosity among attendees. The funds raised are vital to bolstering our mission: to get our most vulnerable youth off the dangerous streets and wrap them in love, guidance and resources—all to help end the cycle of homelessness.”
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Distinguishing Differences in Financial Institutions
There are thousands of financial institutions in Alaska, providing everything from checking and savings accounts to loans and investment solutions. Banks and credit unions are among the most prominent financial services companies serving Alaskans.