Wells Fargo has contributed to local communities since the company's inception in 1852. In 2015 in Chicagoland, Wells Fargo donated more than $2.8 million to 382 nonprofits, gave more than $803,700 to match local team members' gifts to 370 educational institutions and foundations, and totaled $1.4 million in team member contributions to local nonprofits through our annual Community Support and United Way Campaign. Wells Fargo employs more than 800 team members in Chicagoland, serving a broad range of commercial, corporate, and individual customers in Chicago and throughout the Midwest.About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 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 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune's 2016 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
For the seventh-straight year, local Wells Fargo & Company (NYSE:WFC) volunteers are fitting 10,000 Chicago students in low-income neighborhoods with free winter coats. Every grade school child at 10 schools will receive coats from the bank this week. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161116006487/en/
Wells Fargo and Operation Warm, Inc. volunteers organize free winter coats for low-income Chicago students. The bank gave 10,000 warm coats to children in need. (Photo: Business Wire)Wells Fargo team members in Chicago have raised $650,000 over the past seven years, providing nearly 40,000 new cold-weather jackets. This year, Wells Fargo's Coats for Kids campaign raised $180,000 from team member donations, company contributions, and private matching grants to buy 10,000 jackets. Operation Warm Inc., one of the nation's largest nonprofit providers of new coats to children in need, uses the funds raised by Wells Fargo to provide high quality, new winter coats to the schools, where Wells Fargo volunteers distribute them before Thanksgiving break. In addition to helping students, Wells Fargo contributed another 2,500 coats to low-income city residents at a Chicago Housing Authority event in early October. "Kids without coats can't go to school when the temperatures drop in Chicago," said Kevin Ortmeyer, managing director for Wells Fargo Advisors. "Making sure children in need have brand-new coats is the highlight of the year for our Chicagoland team members, who live and work in the communities we serve." "At Operation Warm, we believe a new winter coat is more than a coat," said Executive Director Rich Lalley. "We believe that when a new coat is given to a child, it says to that child, 'You're worth it' and helps build self-esteem through pride in ownership."