Wells Fargo Donated $19.1 Million to Support Florida Nonprofits in 2018

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

MIAMI–(BUSINESS WIRE)–Wells Fargo today announced the company donated $19.1 million through
1,200 grants to local nonprofits, schools and community organizations in
2018 to help the communities and people of Florida.

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 $1.8 million donated by the company’s Florida
team members, nonprofits in the state received nearly $21 million from
Wells Fargo and its team members in 2018. That amounts to an average
daily donation of more than $57,000.

Across our community, many residents are working hard to make ends
meet. Here in Florida, 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,” said Kate
Wilson, Wells Fargo’s Florida Community Affairs manager. “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 Florida volunteered
nearly 91,000 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,” continued Wilson.
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 Florida

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 Habitat for Humanity, Florida
    Housing Coalition, Orlando Neighborhood Improvement Corporation and
    other Neighborworks America affiliates across the state 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, Black Business Investment Fund and
    Prospera — 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 the United Negro College
    Fund and the Urban League.
  • Access to education. Support included grants for local K-12
    schools, scholarships for post-secondary or vocational training, and
    financial education, including Take Stock in Children, Teach for
    America and City Year.
  • Minimizing the impacts of climate change. The company supported
    the work of nonprofits helping communities become more resilient in
    the face of a changing climate, including environmental education,
    resiliency planning, green infrastructure and bringing renewable
    energy to low-income communities. For example, Wells Fargo supported
    The Nature Conservancy, Audubon Florida and the Phillip and Patricia
    Frost Museum of Science.

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
Rosanna Fiske, 305-523-2583
rosanna.fiske@wellsfargo.com
@RoFiskeWF

Gabriela Lambertus, 305-619-8898
Gabriela.lambertus@wellsfargo.com
@GabyLambertusWF

error: Content is protected !!