Wells Fargo Donated $35.8 Million to Support North Carolina Nonprofits in 2018

Wells Fargo today announced the company donated more than $35.8 million
to local nonprofits, schools and community organizations in 2018 to help
the communities and people of North Carolina. The total includes $25.6
million through 1,148 grants from the Wells Fargo Foundation, $3.3
million in matching grants to educational institutions and $6.85 million
through the NeighborhoodLIFT effort in Charlotte. In addition, Wells
Fargo team members in North Carolina showed their commitment by logging
237,800 volunteer hours with nonprofits, schools and community
organizations, and by donating more than $13.2 million.

Wells Fargoa??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.

"Wells Fargo has a rich history of community support across the country
and here in North Carolina,a?? said Juan Austin of Wells Fargo Community
Relations. "We approach philanthropy with a problem-solving mindset,
working with a range of public and private sector stakeholders to
understand the most urgent problems and the solutions that can have the
most impact a?? from helping people find a stable place to live to helping
small business owners expand to helping young people learn job skills
that can translate into a steady income. Our goal is to help build
strong and vibrant communities, improve the quality of life and make a
positive difference.a??

Making an impact across North Carolina

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 Community Housing Solutions,
Mountain Housing Opportunities, DHIC and CASA to provide homebuyer
education, down payment assistance and other affordable housing
solutions. Wells Fargo also made a commitment to invest $20 million by
2020 in down payment assistance grants, support for the Housing
Opportunity Fund and sustainable community development in the
Charlotte region.

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 Carolina Small Business Development Fund, Self
Help Ventures Fund, Micro Enterprise loan program and SCORE, received
grants to provide access to capital and training for entrepreneurs in
rural and urban markets. In addition, Wells Fargo provided funding for
City Start Up Labs, focused on business entrepreneurial development
for minorities in Charlotte.

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.
Wells Fargo is the founding organization for, and a long-standing
investor in Community Building Initiative a?? a leadership development
program in Charlotte that helps diverse regional leaders understand
and address access, equity and inclusion issues related to economic
development and civic engagement. In addition, Wells Fargo
collaborated with the YWCA, Bennett College and Dress for Success
Triangle NC.

Access to education. Support included grants for local K-12
schools, scholarships for post-secondary or vocational training, and
financial education, including Durham Technical Community College, the
North Carolina Society of Hispanic Professionals, Junior Achievement
and Communities in Schools. Wells Fargo also provided a grant for over
30 urban district principals in Charlotte Mecklenburg Schools to
participate in the nationally recognized Harvard Institute for Urban
School Leadership.

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 Piedmont Environment Alliance, The Grandfather Mountain
Stewardship Foundation, Triangle Land Conservancy and the Coastal Land
Trust. In addition, Wells Fargo provided more than $5 million in
support for Catawba Lands Conservancy to preserve land, create green
infrastructure and promote access to the Carolina Thread Trail.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«     2019    »