The FINANCIAL -- Wells Fargo & Company contributed $275.5 million to 18,500 nonprofits in 2013, marking the fifth consecutive year of more than $200 million in total annual corporate giving, according to Wells Fargo.
“From day one, Wells Fargo has been committed to helping build strong communities. It’s a commitment that’s core to our company’s vision and values,” said John Stumpf, Chairman and CEO. “Our business, our economy, and our country cannot be strong unless our communities are. These are the communities where our customers and our team members live, work, and do business,” he added.
In 2013, Wells Fargo’s community investments included $81.6 million to 8,000 educational programs and schools around the U.S. and $84 million in grants to nonprofits focused on community development in distressed communities, including affordable housing, homeownership counseling, financial education, workforce development and job creation. In addition, Wells Fargo contributed to nonprofits serving the following causes: Arts and Culture: $18.5 million, Civic: $16.3 million, Environment: $21.8 million and Human Services: $52.9 million.
In 2013, 55,600 team members reported more than 1.69 million community involvement and volunteer hours. These hours represent a 12.7 percent increase over 2012 and a monetary value of $37.4 million³. Examples of volunteer activities included serving meals to the homeless and working in food banks; cleaning waterways and restoring parks and public land; and delivering financial education to 108,820 individuals and families using Wells Fargo’s Hands on Banking program, according to Wells Fargo.
“Wells Fargo has an invaluable asset in its team members,” said Jon Campbell, head of Government and Community Relations at Wells Fargo. “These are dedicated people who, year after year, unselfishly give their time and talent, and donate their own financial resources, to their communities. They are setting an amazing example, and they’re making a positive impact in neighborhoods all over the country,” he added.
In 2013, Wells Fargo team members contributed $64.9 million to more than 25,000 nonprofits and schools during Wells Fargo’s annual Community Support and United Way Campaign. For 2013, United Way Worldwide named Wells Fargo’s campaign No. 1 in the U.S., the fifth consecutive year that the company’s team member giving has been recognized with that honor. Combined with other year-round donations to nonprofits, team members donated a record $89 million, a 12.6 percent increase over 2012. Team member donations and volunteer hours are calculated separately and are not included in Wells Fargo’s corporate giving totals, according to Wells Fargo.