Wells Fargo & Company (NYSE: WFC) is announcing that it invested more than $6 million in almost 800 nonprofits and schools in Arizona in 2011. Wells Fargo team members contributed more than $2.4 million of the total in addition to almost 100,000 volunteer hours to help their neighborhoods and communities succeed.
“There are many families and individuals in our communities who have been affected, in some way, by the current economic challenges, and I am proud of how our company and our team members have helped make a difference for those in need” said Pam Conboy, Arizona Regional President. “Year after year, Wells Fargo continues to offer its financial resources and expertise, working closely with nonprofits and other stakeholders to promote long-term economic growth and quality of life in the communities we serve.”
In 2011 Human Services received the largest amount of donations, totaling $1,546,347. Wells Fargo focused its contributions in the following areas:
Arts and Culture: $219,043
Civic and Environment: $216,305
Community Development: $997,306
Human Services: $1,546,357
Nationally, Wells Fargo invested $213.5 million in 19,000 nonprofits in 2011, giving more than $200 million for the fourth consecutive year. In addition, Wells Fargo team members contributed more than $63.9 million and 1.5 million volunteer hours to 25,000 nonprofits and schools. For the third year in a row, United Way Worldwide has named Wells Fargo’s annual Community Support and United Way Campaign the No. 1 Giving Campaign.
About Wells Fargo
In Arizona, Wells Fargo has 14,000 team members and 261 stores. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. In 2011, the Company invested $213.5 million in grants in 19,000 nonprofits, and team members contributed more than 1.5 million volunteer hours around the country. For more information, please visit:www.wellsfargo.com/about/csr.
The Northern Arizona nonprofits who received funding from Wells Fargo, include The American Cancer Society, Flagstaff Cultural Partners, Flagstaff Medical Center, Northern Arizona University Foundation and the Sunnyside Neighborhood Association of Flagstaff. Schools include: Eva Marshall Elementary, Ponderosa High School, Weitzel’s Puente de Hozho Bilingual Magnet School and Tuba City Alternative High School