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Subjects: Product/Service, Corporate Social Responsibility, Nonprofit

Wells Fargo Foundation Donates $9 Million to Local Housing Affordability, Neighborhood Revitalization Programs


The Wells Fargo Foundation today announced $9 million in grants to more than 60 nonprofits across the United States in support of large-scale neighborhood revitalization and housing affordability solutions. The Wells Fargo Foundation has donated 250 such grants since 2011 to local organizations through its Priority Markets Program.

"The cost burden of housing is taking a toll on nearly every community and these 62 nonprofits share Wells Fargo's focus of strengthening communities by bringing forward housing affordability solutions and local neighborhood revitalization efforts," said Eileen Fitzgerald, head of housing affordability philanthropy with the Wells Fargo Foundation. "As a leading supporter of housing affordability solutions, we have a unique opportunity to work together with nonprofits to make an even greater impact."

Presented to nonprofits from Alaska to Florida, the Wells Fargo Foundation grants are intended to serve as catalytic funding in support of neighborhood revitalization and are a key component of the recently announced Wells Fargo philanthropy strategy, which includes a $1 billion commitment to address the housing affordability crisis over the next six years, and an increased focus on financial health and small business growth.

2019 grant recipients include:

Grant recipients were selected based on their demonstrated ability to create positive outcomes and catalyze large-scale neighborhood revitalization.

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 7,500 locations, more than 13,000 ATMs, and the internet (wellsfargo.com). With approximately 261,000 team members, Wells Fargo serves one in three households in the United States. With its corporate philanthropy, Wells Fargo aims to pave a path to stability and financial success for underserved communities by focusing on housing affordability, small business growth, and financial health, among other local community needs. In 2018, Wells Fargo donated $444 million to nearly 11,000 nonprofits. 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 actively support communities by donating more than 2 million hours of volunteer time in the last year. News, insights and more information on the company's overall corporate responsibility are available at Wells Fargo Stories and www.wellsfargo.com/impact.



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