TMCnet News
Wells Fargo No. 2 Corporate Cash Giver in Chronicle of Philanthropy RankingsAccording to a new survey on corporate giving from the Chronicle of Philanthropy, the Wells Fargo Foundation is the No. 2 corporate cash giver in the U.S. and the top financial institution in overall giving. The rankings, based on 2017 data, reflect more than $286.5 million in cash contributions distributed by Wells Fargo (News - Alert) to over 14,500 nonprofits. The funding supports such important causes as affordable housing, small business growth, job readiness and environmental sustainability. Earlier in 2018, the Wells Fargo Foundation announced it would contribute $400 million to communities across the U.S. - a 40 percent increase in giving - and it is currently on track to reach that milestone. "We wholeheartedly believe that business can and should play a role in building stronger communities," said Jon R. Campbell, president of the Wells Fargo Foundation. "In fact, leadership in corporate citizenship is one of our six company goals, and our team members know and embrace this commitment by not only supporting our philanthropy but also donating more than two million hours of volunteer time in local communities. For nonprofits of all sizes, we know that cash donations are vital so we will continue to do our part to work together to bring hope and stability to people and underserved communities." Recent contributions from the Wells Fargo Foundation include:
About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. In 2017, Wells Fargo donated $286.5 million to 14,500 nonprofits and Wells Fargo team members volunteered a record 2 million hours. In 2018, Wells Fargo is ranked as the No. 2 corporate cash donor in the U.S., according to the Chronicle of Philanthropy. Wells Fargo's corporate social responsibility efforts are focused on three strategic priorities: diversity and social inclusion, economic empowerment, and environmental sustainability. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180918006015/en/ |