Wells Fargo Advisors recognized for support of St. Louis Public Schools
Innovation fellowships financed with Boeing’s partnership led to measurable benefits
St. Louis, Missouri - (Jan. 27, 2017) — Wells Fargo Advisors and Boeing were named co-recipients of the Gateway Center for Giving’s Innovation in Philanthropy Award today for their investments that led to innovative projects throughout St. Louis Public Schools.
Representatives from both companies accepted the award at the Gateway Center’s annual meeting that celebrates the generosity of donors in the St. Louis region. Investments from the two companies financed Innovation Fellowships for 15 educators in St. Louis Public Schools last summer to learn innovative problem solving and practices used by businesses and non-profits.
The funding also supported some fellows to implement projects in their schools, ranging from outreach to immigrant parents, to journalism programs, to the creation of design labs in empty classrooms. Examples include a coding club at Gateway STEM High School; events that improved the number of positive parent-school interactions at Patrick Henry Downtown Academy; a Saturday school at Adams Elementary that grew reading skills by an average of 1.62 grade levels over its duration.
“We love supporting St. Louis Public Schools, and we want to do what we can to help teachers and students maximize success,” said David Kowach, head of Wells Fargo Advisors. “Education is the most certain road to economic empowerment. We’re finding that the innovation that helps us in the private sector can be just as successful for teachers and principals as they think of new ways to improve the classroom.”
Called the Venture Café Innovation Fellowship, the opportunity grew from conversations among educators and business people at Venture Café networking sessions in the Cortex Innovation District. Education Innovation Fellows were placed with companies and organizations such as The STEM Craft Learning Center, Matter Family Office, AT&T and We Stories.
“Wells Fargo Advisors was an early adapter of the St Louis Public Schools’ effort to infuse innovation into school classrooms and instruction,” said Jane Donahue, executive director of the St. Louis Public Schools Foundation. “By exposing our educators to the region’s leading innovators, we are able to provide fresh thinking and approaches to learning in our classrooms.”
Wells Fargo Advisors has long been a strong supporter of St. Louis schools as the district has focused on improvement. Earlier this month, St. Louis Public Schools received full accreditation from the Missouri Board of Education for the first time in 17 years.
“We commend St. Louis Public Schools’ improvement,” Kowach said. “We celebrate this important milestone as an investor in their work to educate our community.”
Since 2011, Wells Fargo Advisors has supported the St. Louis Public Schools Foundation through $631,000 in corporate contributions, with $100,000 going toward Innovation Fellowships. Wells Fargo Advisors has supported city schools through a number of initiatives over the years. Currently, team members serve as mentors at Vashon High School. They also organize a math celebration called Mathies for students at Carr Lane Middle School, and Academy of Entrepreneurship Studies Middle School at L'Ouverture.
About Gateway Center for Giving: each year the center celebrates the generosity of donors in the region and recognizes dynamic sector leaders for excellence. Gateway Center members collectively represent $5.8 billion in charitable assets, of which more than $264 million is deployed annually. This year’s focus is the power and importance of philanthropic partnerships.
The Excellence in Innovation Award recognizes a grant making organization that has put significant support behind an unproven initiative or project that has the potential to yield great community outcomes, or has engaged in innovative investing strategies.
About Wells Fargo Advisors
With $1.5 trillion in client assets as of September 30, 2016, Wells Fargo Advisors provides investment advice and guidance to clients through 15,086 full-service Financial Advisors and 3,899 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 Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. www.wellsfargoadvisors.com
About Wells Fargo
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 268,000 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.