Wells Fargo Donates $250,000 to Support Community Healing Efforts in Charlotte
September 22 2016 - 10:57PM
Business Wire
Grant to focus on efforts aimed at rebuilding
trust and creating opportunities through the Opportunity Task
Force
Wells Fargo (NYSE:WFC) announced today that the company will
donate $250,000 to support Unite Charlotte, a new community fund
established in response to the recent unrest in Charlotte. The fund
will be housed at United Way of Central Carolinas and will support
programs and organizations focused on community healing, rebuilding
trust and creating opportunities, including work being done by the
Charlotte-Mecklenburg Opportunity Task Force. The task force has
been in existence for two years and has been examining the barriers
to upward mobility and job opportunities, as well as discrimination
in Charlotte.
“We want to take what is a tragic situation and use this
opportunity to have a different kind of dialogue, relying on what
we’ve learned about institutional racism so that we can bring about
true systemic change for our community,” said Dr. Ophelia
Garmon-Brown, co-chair of the Opportunity Task Force.
“Wells Fargo is committed to being part of the solution in
responding to issues Charlotte is facing,” said Kendall Alley,
Wells Fargo’s Regional President for Charlotte. “We want to join
the United Way and show our support for Foundation For The
Carolinas and the Opportunity Task Force during this challenging
time.”
The fund will be administered through a partnership between
Foundation For The Carolinas and United Way, and will have an
advisory committee consisting of leaders from the faith, education,
and business communities, as well as community-based organizations
and donors.
“In the coming days we will work with our partners from the
various local communities and organizations to invite them to join
us in this effort,” said Sean Garrett, Executive Director of United
Way of Central Carolinas.
“Our team members, customers and the local community have all
been impacted by these events,” added Mary Mack, Head of Community
Banking for Wells Fargo. “We hope this grant will play an important
role in helping Charlotte heal and move forward in a purposeful,
strategic and positive way.”
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Founded in 1852 and headquartered in San Francisco, Wells
Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,600 locations,
13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and
has offices in 36 countries and territories to support customers
who conduct business in the global economy. With approximately
268,000 team members, Wells Fargo serves one in three households in
the United States. Wells Fargo & Company was ranked No. 27 on
Fortune’s 2016 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and
help them succeed financially. In 2015, Wells Fargo donated $281.3
million to 16,300 nonprofits, ranking No. 3 on the Chronicle of
Philanthropy’s rankings of the top corporate cash philanthropists.
Wells Fargo team members volunteered 1.86 million hours in 2015,
serving more than 40,000 nonprofits. Wells Fargo’s corporate social
responsibility efforts are focused on three priorities: economic
empowerment in underserved communities, environmental
sustainability, and advancing diversity and social inclusion. Wells
Fargo perspectives are also available at Wells Fargo Blogs and
Wells Fargo Stories.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160922006413/en/
Wells Fargo & CompanyJosh Dunn,
704-374-4835josh.dunn@wellsfargo.com@Josh_DunnWF
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Sep 2023 to Sep 2024