The CCAAT box promoter element and NF-Y, the transcription factor (TF) that binds to it, were among the first cis-elements and trans-acting factors identified; their interplay is required for transcriptional activation of a sizeable number of eukaryotic genes. NF-Y consists of three evolutionarily conserved subunits: a dimer of NF-YB and NF-YC which closely resembles a histone, and the “innovative” NF-YA. In this review, we will provide an update on the functional and biological features that make NF-Y a fundamental link between chromatin and transcription. The last 25 years have witnessed a spectacular increase in our knowledge of how genes are regulated: from the identification of cis-acting sequences in promoters and enhancers, and the biochemical characterization of the corresponding TFs, to the merging of chromatin studies with the investigation of enzymatic machines that regulate epigenetic states. Originally identified and studied in yeast and mammals, NF-Y – also termed CBF and CP1 – is composed of three subunits, NF-YA, NF-YB and NF-YC. The complex recognizes the CCAAT pentanucleotide and specific flanking nucleotides with high specificity (Dorn et al., 1997; <!--RIDCIT0108--> 108. Hatamochi A, Golumbek PT, Van Schaftingen E, de Crombrugghe B. 1988. A CCAAT DNA binding factor consisting of two different components that are both required for DNA binding. J Biol Chem 263:5940–5947. View all references ; <!--RIDCIT0114--> 114. Hooft van Huijsduijnen RA, Bollekens J, Dorn A, Benoist C, Mathis D. 1987. Properties of a CCAAT box-binding protein. Nucleic Acids Res 15:7265–7282. View all references ; <!--RIDCIT0142--> 142. Kim CG, Sheffery M. 1990. Physical characterization of the purified CCAAT transcription factor, alpha-CP1. J Biol Chem 265:13362–13369. View all references ). A compelling set of bioinformatics studies clarified that the NF-Y preferred binding site is one of the most frequent promoter elements ( <!--RIDCIT0234--> 234. Suzuki Y, Tsunoda T, Sese J, Taira H, Mizushima-Sugano J, Hata H, Ota T, Isogai T, Tanaka T, Nakamura Y, Suyama A, Sakaki Y, Morishita S, Okubo K, Sugano S. 2001. Identification and characterization of the potential promoter regions of 1031 kinds of human genes. Genome Res 11:677–684. View all references <!--RIDCIT0235--> 235. Suzuki Y, Yamashita R, Shirota M, Sakakibara Y, Chiba J, Mizushima-Sugano J, Nakai K, Sugano S. 2004. Sequence comparison of human and mouse genes reveals a homologous block structure in the promoter regions. Genome Res 14:1711–1718. View all references ; <!--RIDCIT0063--> 63. Elkon R, Linhart C, Sharan R, Shamir R, Shiloh Y. 2003. Genome-wide in silico identification of transcriptional regulators controlling the cell cycle in human cells. Genome Res 13:773–780. 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View all references ; <!--RIDCIT0154--> 154. Lee J, Li Z, Brower-Sinning R, John B. 2007. Regulatory circuit of human microRNA biogenesis. PLoS Comput Biol 3:e67. [CrossRef] View all references ; <!--RIDCIT0001--> 1. Abnizova I, Walter K, Te Boekhorst R, Elgar G, Gilks WR. 2007. Statistical information characterization of conserved non-coding elements in vertebrates. J Bioinform Comput Biol 5:533–547. View all references ; <!--RIDCIT0096--> 96. Grskovic M, Chaivorapol C, Gaspar-Maia A, Li H, Ramalho-Santos M. 2007. Systematic identification of cis-regulatory sequences active in mouse and human embryonic stem cells. PLoS Genet 3:e145. [CrossRef] View all references ; <!--RIDCIT0105--> 105. Halperin Y, Linhart C, Ulitsky I, Shamir R. 2009. Allegro: Analyzing expression and sequence in concert to discover regulatory programs. Nucleic Acids Res 37:1566–1579. View all references ; <!--RIDCIT0104--> 104. Häkkinen A, Healy S, Jacobs HT, Ribeiro AS. 2011. Genome wide study of NF-Y type CCAAT boxes in unidirectional and bidirectional promoters in human and mouse. J Theor Biol 281:74–83. View all references ). The same consensus, as determined by mutagenesis and SELEX studies ( <!--RIDCIT0013--> 13. Bi W, Wu L, Coustry F, de Crombrugghe B, Maity SN. 1997. DNA binding specificity of the CCAAT-binding factor CBF/NF-Y. J Biol Chem 272:26562–26572. View all references ), was also retrieved in ChIP-on-chip analysis ( <!--RIDCIT0240--> 240. Testa A, Donati G, Yan P, Romani F, Huang TH, Viganò MA, Mantovani R. 2005. Chromatin immunoprecipitation (ChIP) on chip experiments uncover a widespread distribution of NF-Y binding CCAAT sites outside of core promoters. J Biol Chem 280:13606–13615. View all references ; <!--RIDCIT0034--> 34. Ceribelli M, Alcalay M, Viganò MA, Mantovani R. 2006. Repression of new p53 targets revealed by ChIP on chip experiments. Cell Cycle 5:1102–1110. [Taylor & Francis Online], [PubMed], [Web of Science ®] View all references ; <!--RIDCIT0036--> 36. Ceribelli M, Dolfini D, Merico D, Gatta R, Viganò AM, Pavesi G, Mantovani R. 2008. The histone-like NF-Y is a bifunctional transcription factor. Mol Cell Biol 28:2047–2058. View all references ; <!--RIDCIT0210--> 210. Reed BD, Charos AE, Szekely AM, Weissman SM, Snyder M. 2008. Genome-wide occupancy of SREBP1 and its partners NFY and SP1 reveals novel functional roles and combinatorial regulation of distinct classes of genes. PLoS Genet 4:e1000133. [CrossRef], [PubMed], [Web of Science ®] View all references ). Additional structural features of the CCAAT box – position, orientation, presence of multiple Transcriptional Start Sites – were previously reviewed ( <!--RIDCIT0055--> 55. Dolfini D, Zambelli F, Pavesi G, Mantovani R. 2009. A perspective of promoter architecture from the CCAAT box. Cell Cycle 8:4127–4137. [Taylor & Francis Online] View all references ) and will not be considered in detail here.