SAN FRANCISCO (Business Wire) -- Wells Fargo & Company (NYSE:WFC) announced today that its team members pledged a record $41.9 million to more than 25,000 nonprofits and schools through its annual Community Support and United Way Campaign. This was a 21 percent increase over the combined Wells Fargo and Wachovia campaigns in 2008. It was also the Company's most “green” Campaign to date with nearly 100 percent of all pledges made online and the elimination of nearly all print marketing materials. Over 160,000 team members participated in the campaign in some way.
“During these difficult economic times, it's more important now than ever for companies and their team members to give back to their communities to help create economic growth and prosperity,” said John Stumpf, president and CEO of Wells Fargo. “I continue to be amazed by the incredible dedication and compassion our team shows by generously investing their time, energy, and personal financial resources in our communities. That is the spirit of our culture and our vision and values.”
The annual Community Support Campaign runs each fall and allows team members to donate to any 501(c)(3) organizations of their choice. One hundred percent of team member donations go to the organizations they choose. Wells Fargo pays all processing costs and gifts to qualifying schools through the campaign are automatically matched up to $5,000 per team member.
During the campaign, thousands of team members volunteered alongside local nonprofits and also held special events to raise additional funds for nonprofits.
About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally. The Company promotes economic growth and self-sufficiency, education, social services, the arts and the environment in thousands of communities across North America. In 2008, the Company gave $226 million in grants to 14,000 nonprofits. Team members contributed 1.4 million volunteer hours and served on 16,000 nonprofit boards. The merger of Wells Fargo and Wachovia makes our presence twice as strong in the communities we serve. For more about Wells Fargo's achievements in Social Responsibility: www.wellsfargo.com/about/csr.
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