PHOENIX, April 3, 2017 – Wells Fargo & Company (NYSE: WFC) today announced that in 2016 the company donated $4,109,630.00 to support nonprofits in Arizona – which amounts to $11,269 in daily giving to local nonprofit organizations. Separately, Wells Fargo team members in Arizona showed their commitment by volunteering 97,267 hours with nonprofits, schools and community organizations, and donating more than $3,719,261.08.
“Wells Fargo has a rich history of community support across the country and right here in Arizona,” said John Sotoodeh, lead region president for Wells Fargo in Arizona. “We have personal connections to the people in our communities – many of whom we proudly call our customers – and we likewise see first-hand a broad spectrum of challenges. Through our philanthropic donations and volunteerism, all of us at Wells Fargo are deeply committed to making better opportunities possible.”
In 2016, Community Development received the largest amount of donations through the Wells Fargo Foundation, totaling $1,467,180 (36%). Wells Fargo also focused its contributions in the following areas within Arizona:
Education: $1,087,758 (26%)
Human Services: $864,642 (21%)
Civic: $316,250 (8%)
Environment: $267,800 (5%)
Arts and Culture: $106,000 (3%)
Wells Fargo team members across the company volunteered 1.73 million hours with 50,000 nonprofits and schools last year, and contributed a total of $98.87 million to 30,000 nonprofits and schools. $60.7 million of that amount was pledged during the company’s monthlong Community Support Campaign, leading United Way Worldwide to name Wells Fargo’s employee workplace giving campaign No. 1 in the U.S. for the eighth consecutive year.
About Wells Fargo
In Arizona, Wells Fargo has 249 branches and approximately 15,000 team members. 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.
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