Wells Fargo Donated $18.3 Million to Support New York Nonprofits in 2018

Giving addresses community issues around affordable housing, small
businesses, education, sustainability

NEW YORK–(BUSINESS WIRE)–Wells Fargo today announced the company donated more than $18.3 million
through 318 grants to local nonprofits, schools and community
organizations in 2018 to help the communities and people of the state of
New York. 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.

When combined with the $4 million donated by the company’s New York team
members, nonprofits in the state received a total of $22.3 million from
Wells Fargo and its team members in 2018. That amounts to an average
daily donation of $61,095.

Across our community, many residents are working hard to make ends
meet,” said Deborah Smith, Community Affairs Manager for New York, New
Jersey and Connecticut. “Here in New York, we want to help people find a
stable place to live, help small business owners expand, and help young
people gain a quality education that prepares them for the workforce. We
are determined to help people and communities, especially in underserved
areas, succeed financially. We will continue to provide philanthropy,
volunteers, expertise and other resources to revitalize and strengthen
local neighborhoods.”

Beyond philanthropy, Wells Fargo team members in New York volunteered
more than 46,000 hours in 2018 to support nonprofits and causes
important to them. These volunteer hours are the equivalent of $1.1
million, according to the Independent Sector. On Dec. 3, 2018,
Volunteers of America – Greater New York recognized Wells Fargo New York
volunteers with its Spirit of Founders award for active volunteerism and
contributions to support critical social services for New Yorkers in
need.

Part of what makes Wells Fargo unique is the generosity of our team
members who help multiply our community impact,” said Robert DiDiano,
Regional Managing Director for Wells Fargo’s New York Private Bank.
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.”

United Way Worldwide recently recognized Wells Fargo for having the No.
1 workplace giving campaign
in the U.S. for the tenth-consecutive
year.

Making an impact in New York

Wells Fargo concentrated its local philanthropic contributions on
addressing urgent community issues such as:

  • Affordable housing. To help increase affordable, stable housing
    and homeownership in low- and moderate-income neighborhoods, Wells
    Fargo collaborated with grantees such as Community Development
    Corporation of Long Island, Neighborhood Housing Services of New York
    City and Local Initiatives Support Coalition of New York City to
    provide homebuyer education, down payment assistance and other
    affordable housing solutions.
  • Small business growth. Small businesses are critical to job
    creation and a vibrant community. Many diverse-owned small businesses,
    especially those in rural and low- to moderate-income communities,
    face unique challenges and often lack access to the full spectrum of
    resources necessary for growth and success. Nonprofits serving small
    businesses – including ACCION EAST, Grameen America, Community Capital
    of New York and the Business Center for New Americans – received
    grants to provide access to capital and training for entrepreneurs in
    rural and urban markets.
  • Economic equity and inclusion. Support included grants to
    nonprofits that directly serve diverse and historically underserved
    groups, including initiatives focused on the development of women and
    diverse talent, education and vocational training, and other solutions
    for communities with limited access to traditional financial services.
    For example, Wells Fargo collaborated with Hispanic Federation and
    Feeding Westchester.
  • Access to education. Support included grants to local K-12
    schools, scholarships for post-secondary or vocational training, and
    financial education, including Working in Support of Education (W!se),
    Volunteer of America – Greater New York and the United Way of New York
    City.

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
.

Contacts

Media
Stephanie Ahenkora, 908-370-4061
Stephanie.ahenkora@wellsfargo.com
@StephAhenkoraWF

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