Monday, April 13, 2015
New York Nonprofits Receive Over $12.4 Million From Wells Fargo
Recipients include Hispanic Federation, New York Common Pantry, and Bottomless Closet, NYC
New York, N.Y., April 13, 2015 – Wells Fargo announced today that in 2014, it provided over $12.4 million in contributions to local nonprofit organizations across New York, an increase from $11.1 million from the previous year. The 765 grants supported affordable housing, community development, health services, the environment, and financial education and literacy. The company’s 1,600 New York-based team members also spent nearly 22,000 hours volunteering for local causes throughout the state –an increase of 13 percent over the prior year.
“We have the opportunity to make a difference in communities all across New York, and in 2014, that’s exactly what we did,” said Wells Fargo New York and Connecticut Region President Joe Kirk. “Thanks to our team members’ engagement in the areas where we live and work, we now have families that are in homes for the first time, communities that are being revitalized and small business owners who received a first-hand education about getting started.”
A sampling of the state’s organizations which received grants from Wells Fargo include the Hispanic Federation, God’s Love We Deliver, the New York Common Pantry, Bottomless Closet NYC, and the American Red Cross. Nationally, Wells Fargo donated $1.1 billion to nonprofit groups over the past four years, surpassing its initial goal of donating $1 billion by 2017. Overall, Wells Fargo donated $281.2 million to 17,100 nonprofits in 2014, an increase from 2013’s $275.5 million in contributions, marking the sixth consecutive year of more than $200 million in total annual corporate giving.
About Wells Fargo
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. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.