Why Wells Fargo’s Philanthropy Matters

Why Wells Fargo’s Philanthropy Matters
Learn about how Wells Fargo’s philanthropy positively affects the lives of people and communities around the world.

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Introduction

Wells Fargo is one of the world’s largest banks, with operations in more than 35 countries and nearly 70 million customers. But it’s also a major force for good, with a robust philanthropy program that focuses on three core areas: education, environment, and community development.

In 2018 alone, Wells Fargo donated $444 million to charitable causes around the world. That figure includes more than $100 million in grants from the Wells Fargo Foundation, as well as employee donations and corporate giving. And it doesn’t even account for the millions more that Wells Fargo contributes each year in volunteer hours and in-kind donations.

So why does this matter? Because when a major corporation like Wells Fargo puts its weight behind charitable causes, it can have a significant impact on the world. Let’s take a closer look at some of the ways that Wells Fargo is making a difference through its philanthropy.

What is philanthropy?

Philanthropy is the act of donating time, money, or other resources to a charitable cause. It can be done as an individual or as part of an organization, such as a corporation.

Wells Fargo’s philanthropy focuses on three main areas: education, community development, and arts and culture.

Education
Wells Fargo supports education through programs like our CollegeSTEPS℠ program and our partnership with DonorsChoose.org. We also provide scholarships and grants to organizations that help students succeed in school and prepare for their careers.

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Community Development
Wells Fargo invests in communities by supporting organizations that provide affordable housing, small business loans, and financial literacy training. We also work with local governments to improve infrastructure and economic development.

Arts and Culture
Wells Fargo provides funding for arts organizations like the Smithsonian Institution, the American Museum of Natural History, and the National Endowment for the Arts. We also support cultural organizations like the United Way and the Boys & Girls Clubs of America.

What are the benefits of philanthropy?

The benefits of corporate philanthropy are many and varied. They include supporting the communities where employees live and work, improving employee morale and engagement, attracting and retaining top talent, and building brand awareness and reputation.

Wells Fargo’s philanthropy supports a wide range of causes, including education, workforce development, housing and homelessness, environmental sustainability, health care, and disaster relief. The company also has a strong commitment to diversity and inclusion, which is reflected in its philanthropic giving.

Wells Fargo’s philanthropy has a broad reach and impact. In 2018 alone, the company donated more than $400 million to nearly 11,000 nonprofits across the United States. Wells Fargo’s commitment to giving back benefits not only the communities it serves but also the company itself.

Why does Wells Fargo support philanthropy?

Wells Fargo’s philanthropy supports causes that are important to the company, its employees, and its communities.

Wells Fargo’s philanthropy is focused on three main areas: education, community development, and the environment.

The company believes that by supporting these causes, it can make a positive impact in the lives of its employees, customers, and communities.

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What are some of the ways Wells Fargo supports philanthropy?

Wells Fargo is one of the top corporate sponsors of United Way and other nonprofits. The company donated more than $274 million to charitable causes in 2017, with a focus on education, financial Literacy, community development, andhuman services.

Wells Fargo also has a team of dedicated employees who volunteer their time and talents to support local communities. In 2017, Wells Fargo team members volunteered more than 1.53 million hours with nearly 50,000 projects nationwide.

Conclusion

Wells Fargo’s philanthropy does more than just provide financial donations to causes and organizations. It also fuels social and economic mobility, supports workplace giving and volunteerism, and helps build strong and vibrant communities.

Wells Fargo’s commitment to philanthropy is evident in its employee giving and volunteer programs, which encourage employees to give back to the communities where they live and work. In addition, the company’s Foundation provides grants to support a variety of causes, including education, housing, economic development, and health and human services.

Through its philanthropy, Wells Fargo is helping to build stronger communities across the country. And that’s something we can all support.

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