Wells Fargo Donated Almost $9.4 Million to Support Pennsylvania Nonprofits in 2018

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

PHILADELPHIA–(BUSINESS WIRE)–Wells Fargo today announced the company donated almost $9.4 million
through 598 grants to local nonprofits, schools and community
organizations in 2018 to help the communities and people of
Pennsylvania. 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 $986,688 donated by the company’s Pennsylvania
team members, nonprofits in the state received a total of $10.4 million
from Wells Fargo and its team members in 2018. That amounts to an
average daily donation of $28,478.

Across our community, many residents are working hard to make ends
meet,” said Aldustus Jordan, Northeast Community Relations Manager for
Wells Fargo. “Here in Pennsylvania, 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 Pennsylvania
volunteered more than 45,000 hours in 2018 to support nonprofits and
causes important to them.

Part of what makes Wells Fargo unique is the generosity of our team
members who help multiply our community impact,” said Jordan. “Sometimes
giving our 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 Pennsylvania

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 dozens of grantees such as Habitat for
    Humanity and the Affordable Housing Center of Pennsylvania to provide
    homebuyer education, down payment assistance and other affordable
    housing solutions across Pennsylvania in cities such as Philadelphia,
    Bethlehem, Wilkes-Barre and many others.
  • 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 The Enterprise Center, Entrepreneur Works, and
    many others – 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 First Step Staffing to
    support the training and development of military veterans, individuals
    who have experienced homelessness and individuals who have been
    previously incarcerated.
  • Access to education. Support included grants for local K-12
    schools, scholarships for post-secondary or vocational training, and
    financial education, including grants to the Allentown and Bethlehem
    Area School District Foundations, CityYear and many others.

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
James Baum
215-341-0273
James.a.baum@wellsfargo.com
@jimbaumwf

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