Wells Fargo Advisors 2014 Community Giving Exceeds $8.4 Million
St. Louis, March 30, 2015 - Continuing its commitment to build strong and prosperous communities, Wells Fargo Advisors reported today it contributed $8.4 million to more than 250 nonprofit organizations in 2014.
In addition, one-third of the firm’s Missouri employees volunteered nearly 50,000 hours to 1,353 nonprofits across the state.
The year-end totals follow a record-breaking turnout for Wells Fargo’s fall Community Support and United Way Campaign, during which employees raised more than $4 million for nonprofit organizations and contributed 14,166 volunteer hours – a 121-percent jump in hours from the 2013 campaign.
"As one of St. Louis' largest employers, we have a clear stake in doing all that we can to make a positive impact in the community," said Vanessa Cooksey, senior vice president, community affairs, at Wells Fargo Advisors. "By investing our time, talents and financial resources in financial education, healthy aging, workforce development, and arts and culture, we can make a difference in our communities' collective quality of life throughout the region."
Highlights from Wells Fargo Advisors' 2014 community initiatives include:
- St. Louis Public Schools: Working with the Missouri Council on Economic Education, Wells Fargo helped the St. Louis Public Schools bring Wells Fargo Hands on Banking into the social-studies curriculum of middle schools throughout the district. In addition, the firm hosted financial education and 529-planning events that helped nearly 100 families save a collective $75,000 toward the cost of college.
- Urban League of Metropolitan St. Louis: Through a $250,000 Wells Fargo grant, the Urban League of Metropolitan St. Louis supports the Save Our Sons Workforce Development Initiative, which aims to prepare young men in Ferguson and other St. Louis areas for employment.
- Stop Hunger Now: In 75 minutes, more than 500 St. Louis employees came together for the firm’s largest and fastest onsite volunteer effort – to pack more than 100,000 meals for families served by the international hunger relief organization.
- Board service: In 2014, Wells Fargo Advisors embarked on a program to increase community impact and thought leadership by placing executives with nonprofit boards. Partnering with the United Way on training content, at least 35 team members have been connected with boards, committees or other unique nonprofit leadership opportunities.
In response to the firm's spirit of community giving and volunteerism, Wells Fargo Advisors also received partnership honors from the Urban League of Metropolitan St. Louis, St. Louis Crisis Nursery, Gateway to Hope, Great Circle and Paraquad.
Nationally, Wells Fargo donated $281.2 million to 17,100 nonprofit groups in 2014, marking the sixth consecutive year of more than $200 million in donations.
Looking ahead, Cooksey said Wells Fargo Advisors will focus 2015 community philanthropic efforts on capacity building and general operating grants for nonprofit organizations, financial education for youth and adults, and creative ways to increase employee volunteer opportunities. For more information, visit Wells Fargo Advisors Community Affairs.
About Wells Fargo Advisors
With $1.4 trillion in client assets as of December 31, 2014, Wells Fargo Advisors provides investment advice and guidance to clients through 15,187 full-service financial advisors and 3,852 licensed bankers. This vast network of advisors, one of the nation’s largest, serves investors through locations in all 50 states and the District of Columbia. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC (members SIPC). Statistics include other broker-dealers of Wells Fargo & Company. www.wellsfargoadvisors.com
Investment products and services are offered through Wells Fargo Advisors, L.L.C.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 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 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com),and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo's vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and