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Key Grants $100,000 to Hauptman-Woodward Medical Research Institute

Key Grants $100,000 to Hauptman-Woodward Medical Research Institute

Published 11-16-04

Submitted by KeyBank

BUFFALO - KeyBank (NYSE: KEY) WNY President Marsha Henderson recently presented a $100,000 multiyear Key Foundation grant to Hauptman-Woodward Medical Research Institute supporting graduate internships and minority student outreach. The grant will establish the Key Graduate Education Center and spur recruitment of four minority interns, while covering their first-year graduate school tuition costs and living expenses.

Housed within Hauptman-Woodward's new 73,000 square-foot, three-story laboratory, scheduled for completion in early 2005, the Key Graduate Education Center will play an integral role in the organization's growth, continued leadership in structural biology research, and advancement of academic and workforce diversity within the scientific community.

The increase in student internships complements overall efforts to double the institute's staff of scientists and support personnel once occupying its more spacious facility, according to George T. DeTitta, Ph.D., Executive Director & CEO, Hauptman-Woodward Medical Research Institute. At the institute, more than a dozen students throughout the year learn directly from leaders in their fields whose insights are valuable sources of career guidance and counseling.

"Key's commitment to Hauptman-Woodward, science, and education," says DeTitta, "puts us in a position to successfully recruit and mentor aspiring scientists from all over the country to contribute to important, life-saving research. This next generation of scientists is vital to achieving new breakthroughs in a wide range of diseases, including breast cancer, kidney disease, SARS, AIDS, Alzheimer's, thyroid disorders, and many others."

The grant also broadens Hauptman-Woodward's inclusion of students through special efforts to recruit, attract and retain talented graduates from Key's minority partner schools including Hampton, Morehouse and Spellman universities.

"Hauptman-Woodward's unparalleled advancements in medical research reflect its consistent leadership in bringing together the right mix of expertise and talent," says Henderson. "New heights are achieved when people from various backgrounds and cultures come together for a common goal. The institute exemplifies that a well-educated, highly skilled and inclusive workforce is essential to realizing one's full potential. Our personal health and the economic well-being of our communities depend on it."

Hauptman-Woodward Medical Research Institute
Founded in 1956, the Hauptman-Woodward Medical Research Institute (HWI) is an independent, non-profit facility specializing in the area of basic research known as structural biology. Located in the heart of the Buffalo Niagara Medical Campus (BNMC), immediately adjacent to downtown, their staff of 56 individuals is committed to improving human health by studying the causes of diseases, as well as potential therapies, at their basic molecular level. Throughout our history, Hauptman-Woodward and its scientific staff have been committed to the education of research investigators.

KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $88 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. Contact Key Foundation Senior Program Officer Quentin McCorvey at 216.689.5505, or quentin_mccorvey@keybank.com, for more information about corporate grants.

Note to Editors: For up-to-date company information, media contacts and facts and figures about Key lines of business, visit our Media Newsroom at www.Key.com/newsroom.

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KeyBank

KeyBank

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $176.2 billion at March 31, 2021. 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 approximately 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. 

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