Wells Fargo invests $6.7 million in Arizona nonprofits in 2012 - The Explorer: Business

Wells Fargo invests $6.7 million in Arizona nonprofits in 2012

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Posted: Thursday, April 25, 2013 8:30 am

Wells Fargo & Company (NYSE: WFC) announced today that it invested more than $6.7 million to almost 900 nonprofits and schools in Arizona in 2012. Wells Fargo team members personally contributed more than $2.4 million of the total in addition to almost 100,000 volunteer hours to help Arizona neighborhoods and communities succeed.

“There are people who have been affected by economic challenges in communities all across the country. Wells Fargo is committed to meeting the challenge of bringing local solutions to local needs, and I am so proud of how our company and team members have truly helped make a difference,” said Pam Conboy, Arizona Lead Regional President. “Wells Fargo has a long history of working closely with nonprofits and other stakeholders to promote long-term economic growth and quality of life in the communities we serve – and I know our 15,000 Arizona team members will continue this tradition of support.”

In 2012 community development received the largest amount of donations, totaling $1,378,372. Wells Fargo focused its contributions in the following areas within Arizona:

Community Development: $1,378,372

Human Services: $1,149,744

Education: $1,077,969

Environment and Civic: $229,450

Arts and Culture: $219,086

Nationally, Wells Fargo invested $315.8 million in 19,500 nonprofits in 2012, a 48 percent increase over the total donations for 2011. In addition, Wells Fargo team members contributed more than $60.5 million and 1.5 million volunteer hours to 25,000 nonprofits and schools.

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