Wells Fargo

Wells Fargo donates $7.8 million to support Arizona nonprofits

Wells Fargo & Company (NYSE: WFC) donated $4,109,630 to support nonprofits in Arizona in 2016 – which amounts to $11,269 in daily giving to local nonprofit organizations, according to an announcement from the bank.

Separately, Wells Fargo team members in Arizona spent 97,267 hours last year volunteering 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 percent). Wells Fargo also focused its contributions in the following areas within Arizona:

  • Education:  $1,087,758 (26 percent)
  • Human Services: $864,642 (21 percent)
  • Civic: $316,250 (8 percent)
  • Environment:  $267,800 (5 percent)
  • Arts and Culture: $106,000 (3 percent)

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.

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