"We're grateful to Wells Fargo and its team members for their growing investment and commitment to building stronger communities," said Brian Gallagher, President and CEO of United Way Worldwide. "Whether it's volunteer financial coaching, charitable giving through their workplace campaign, helping to fight hunger or supporting new job opportunities, Wells Fargo is leading across the board to make a difference in every community across America."2017 Highlights Other philanthropy and volunteerism highlights from 2017 include Wells Fargo's new Holiday Food Bank campaign, which kicked off last November with a $5 million grant to United Way. Nearly 1,900 team members volunteered more than 7,340 hours over the holidays to sort food donations, deliver meals, and help fight hunger. Overall, the company collected 251,095 pounds of nonperishable food for 363 food banks in just over a month, serving 433,814 meals. Wells Fargo accepted goods at 5,900 bank branches and 44 other locations and hosted a mobile pop-up food bank tour that visited 17 cities between New York and California. In addition, Wells Fargo recently announced an $18 million initiative with United Way Worldwide to help one million people find jobs over the next five years to better support their families and strengthen communities. Wells Fargo also made a number of long-term strategic philanthropy commitments during 2017, including increased funding for the Wells Fargo Innovation Incubator, now a $30 million partnership with the Department of Energy's National Renewable Energy Laboratory that speeds the path to market for promising clean-tech startup technologies; and a five-year, $50 million commitment to American Indian/Alaska Native communities to help address their unique economic, social and environmental needs. Wells Fargo's corporate philanthropy and community initiatives reflect the company's commitment to addressing pressing economic, social and environmental issues including in times of urgent need. For example, during a year of numerous natural disasters in 2017, Wells Fargo donated $10.6 million to the American Red Cross and local nonprofits to assist disaster relief and recovery efforts, including $6.5 million to the WE Care Fund for 4,714 grants to support its team members impacted by the three hurricanes, widespread California wildfires, and other financial hardships. Additional examples of Wells Fargo's philanthropic efforts in 2017 included:
- $28.3 million in assistance to veterans, military service members, and their families through financial, education, career transition, and housing initiatives.
- $45 million in down payment assistance grants and homebuyer education in collaboration with NeighborWorks America® through its NeighborhoodLIFT program, which helped create 2,820 homeowners during the year.
- $2 million to eight nonprofits—generating $11.6 million in matching funds from grantees—for the Resilient Communities Program to help cities protect natural habitats and prepare for, withstand, and recover from natural disasters associated with changing sea levels, water quantity and quality issues, and longer fire seasons.
* The Independent Sector is a U.S. coalition of more than 550 philanthropic organizations. Their most recent estimate of the value of one volunteer hour is $24.12.About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 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, investments, mortgage, and consumer and commercial finance through more than 8,300 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 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2017 rankings of America's largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.