Wells Fargo & Company announced today it is committing $35 million over the next three years as part of its ongoing commitment to supporting military service members and veterans. The commitment includes:
- Real estate owned (REO) property donations and support valued at $30 million to qualifying nonprofits that serve military service members and veterans
- Hiring and mentoring initiatives,
- Customized financial education efforts, and
- Funds for philanthropic donations and sponsorships.
HomeownershipREO donations and support already have been an ongoing part of Wells Fargo Home Mortgage support of organizations such as Military Warriors Support Foundation and Operation Homefront. For a story about how these collaborations work, see this Wells Fargo video. Here’s how the REO donation program works: Wells Fargo gives properties to the participating nonprofits. In turn, the nonprofits match the properties to veterans according to home requirements and needs. Wells Fargo is not involved with the selection of individual recipients. All veteran applicants are vetted by the nonprofit organizations based on a number of criteria determined by the nonprofits. Those interested in applying to receive an REO property should apply through the participating nonprofits at www.militarywarriors.org or www.operationhomefront.net. Nonprofits with a history of providing housing for veterans that are interested in receiving homes from Wells Fargo can send inquiries to: REODonationProgram@wellsfargo.com for more details. Career Transition Wells Fargo recently formed alliances with American Corporate Partners (ACP), 100,000 Jobs Mission and Military Spouse Employment Partnership (MSEP) to help mentor and hire veterans and military spouses. Organization details include: American Corporate Partners (ACP) American Corporate Partners provides a unique career development opportunity and mentorship program for veterans. The program is open to those who have served on active duty since 2001, including National Guardsmen and Reservists. Those interested can learn more about ACP and where to apply at: www.acp-usa.org. 100,000 Jobs Mission The 100,000 Jobs Mission is a coalition of 83 companies committed to hiring at least 100,000 veterans by 2020. The coalition has hired more than 28,000 veterans since 2011. To learn more about the 100,000 Jobs Mission or to apply for jobs, please visit: www.100000jobsmission.com; and “Like” us on Facebook: Facebook.com/100000jobsmission. Military Spouse Employment Partnership Program Wells Fargo has joined the Military Spouse Employment Partnership program, which allows businesses to work together with the organization to provide jobs to military spouses. Nearly 100 companies have joined alliance with the organization to provide thousands of jobs. To learn more about MSEP, please visit: https://msepjobs.militaryonesource.mil/ Wells Fargo also launched Military Crosswalk software, which helps veterans translate their Military Occupation Codes (MOC) into available job openings within the company ( http://wellsfargo-veterans.jobs/). Financial Education Wells Fargo is launching a customized version of its Hands on Banking ( www.handsonbanking.org) financial education program. The comprehensive program spans the spectrum from basic banking to wealth creation and will be delivered through online classes, local seminars/events, and on-base training. Philanthropic Donations and Sponsorships Wells Fargo is proud to support organizations working to strengthen communities. Through the efforts of enthusiastic team member-volunteers and contributions, Wells Fargo shares its success within its communities by giving back to non-profits and educational institutions that address vital community needs and issues. Organizations can learn more at Wells Fargo’s giving and where to apply at: www.wellsfargo.com/about/charitable/ About Wells Fargo & Company Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 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 has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. We want to help all of our customers succeed financially and support long-term economic growth and improved quality of life for everyone in our communities. 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 .