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December 11, 2012 > Wells Fargo's Bay Area team members donate millions locally

Wells Fargo's Bay Area team members donate millions locally

Submitted By Mariana Phipps, Wells Fargo Bank

Wells Fargo & Company (NYSE: WFC) recently announced that its team members donated $60.5 million during the company's annual Community Support and United Way Campaign from September 4 - 30. In the greater Bay Area, local team members donated $11 million to schools and nonprofits. In 2011, United Way Worldwide named Wells Fargo the nation's No. 1 Giving Campaign for the third year in a row.

"The results of this year's campaign are testament to our team members' deep, personal and ongoing commitment to building strong, stable, and thriving communities," said Chairman and CEO John Stumpf. "Each year our team members give their time, money, and talent to make a difference in their communities. I am proud of the example they set."

Wells Fargo encourages team members to donate to any nonprofit, school or religious institution of their choice. One hundred percent of team member donations go to the organizations they choose. Wells Fargo pays all processing costs and it matches gifts to qualifying schools through the campaign - and year-round - up to $5,000 per team member.

In addition to monetary donations, Wells Fargo encourages its team members to volunteer their time for community service, part of the company's commitment to finding local solutions for local needs. Volunteer work gives team members the opportunity to work directly with the people in their communities, where they can learn first-hand about their specific needs, as well as gain insight into how they can target their donations.

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