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Subjects: Photo/Multimedia, Corporate Social Responsibility, Nonprofit

Wells Fargo Foundation Increased Access to Housing, Jobs, Financial Coaching in 2019


In 2019, the Wells Fargo Foundation launched a new philanthropic strategy anchored around unlocking economic opportunity for people and communities by addressing housing affordability, small business growth and financial health. The Foundation invested $455 million in grants in the last year, funding national organizations to deliver programs at scale and nonprofits that specifically address the needs of local markets.

"Wells Fargo is on a journey to create greater community impact through its business and philanthropy," said Bill Daley, vice chairman of Public Affairs at Wells Fargo. "Economic mobility is a critical issue, particularly for low-to-moderate income communities where people lack access to the resources necessary for a sustainable livelihood: adequate housing, stable jobs, or financial health services. In the year ahead, we will streamline our grant-making around these important areas and focus on addressing systemic barriers to success. This is the time to collaborate, be bold and think like social entrepreneurs."

"We commend Wells Fargo for their willingness to step up on issues facing our constituents and commit resources and expertise to look at community challenges at the local, state and national levels," said Derrick Johnson, president and chief executive officer of NAACP. "We have a long way to go to achieve economic equality in this country, and it's going to take highly focused efforts and unparalleled conviction to get us there. We were glad to see Wells Fargo further their commitment to housing, small business and financial health in its philanthropic approach; as these issues affect everyday life, particularly in low-income communities, and will create a pathway for more people to attain financial mobility."

Making an Impact: Recap of 2019 Philanthropy

Overall, Wells Fargo's philanthropy in 2019 helped more people find a place to call home, grow small businesses offering meaningful local jobs and increase financial health and wellness. Results 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, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune's 2019 rankings of America's largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.



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