Wells Fargo today announced the company donated more than $35.8 million to local nonprofits, schools and community organizations in 2018 to help the communities and people of North Carolina. The total includes $25.6 million through 1,148 grants from the Wells Fargo Foundation, $3.3 million in matching grants to educational institutions and $6.85 million through the NeighborhoodLIFT effort in Charlotte. In addition, Wells Fargo team members in North Carolina showed their commitment by logging 237,800 volunteer hours with nonprofits, schools and community organizations, and by donating more than $13.2 million.
Wells Fargo’s philanthropic contributions build on a long history of collaboration with local nonprofits and community leaders to make a positive impact by addressing urgent community issues such as affordable housing, small-business growth, access to education and sustainability.
“Wells Fargo has a rich history of community support across the country and here in North Carolina,” said Juan Austin of Wells Fargo Community Relations. “We approach philanthropy with a problem-solving mindset, working with a range of public and private sector stakeholders to understand the most urgent problems and the solutions that can have the most impact — from helping people find a stable place to live to helping small business owners expand to helping young people learn job skills that can translate into a steady income. Our goal is to help build strong and vibrant communities, improve the quality of life and make a positive difference.”
Making an impact across North Carolina
Wells Fargo concentrated its local philanthropic contributions on addressing urgent community issues such as:
Included in Wells Fargo’s support were funds committed to the American Red Cross to help provide shelter and relief in communities across North Carolina and South Carolina impacted by Hurricane Florence. Wells Fargo is working with community leaders and proven nonprofits, targeting rural areas with high poverty levels, high unemployment and few resources. In addition, through the company’s Diverse Community Capital program, Wells Fargo donated more than $500,000 to nonprofit organizations supporting recovery efforts for small businesses in the region.
Nationwide, Wells Fargo team members volunteered 2 million hours with nonprofits last year, and contributed a total of $75.4 million to nonprofits across the country, leading United Way Worldwide to name Wells Fargo’s employee workplace the No.1 workplace giving campaign for 10 consecutive years.
“Part of what makes Wells Fargo unique is the generosity of our team members who help multiply our community impact,” added Jay Everette, Community Relations manager for Charlotte. “Sometimes giving time is even more valuable than money, because it puts our desire to build a strong community into action and gives us a tangible way to personally make a difference.”
About Wells Fargo
Founded in 1852 and headquartered in San Francisco, Wells Fargo & Company (NYSE:WFC) provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,800 locations, more than 13,000 ATMs, and the internet (wellsfargo.com). Wells Fargo’s vision is to satisfy customers’ financial needs and help them succeed financially. With approximately 259,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. In 2018, Wells Fargo donated more than $444 million to nearly 11,000 nonprofits in support of affordable housing, small business growth, financial education, and sustainability, among other community needs. For 10 consecutive years, Wells Fargo has held the honor of No. 1 in workplace giving by United Way Worldwide. Wells Fargo team members also make a difference by donating more than 2 million hours of volunteer time in the last year. News, insights and more information on the company’s corporate responsibility are available at Wells Fargo Stories.
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RICHMOND, Va. – Wells Fargo today announced the company donated $6 million through 561 grants to local nonprofits, schools and community organizations in 2018 ...weiterlesen
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