Wells Fargo invests $1.5 million in Alaska nonprofits in 2011
Grants help more than 300 charitable organizations
[ANCHORAGE, February 1, 2012] – In 2011, Wells Fargo invested $1.5 million in more than 300 schools and nonprofit organizations throughout Alaska. The charitable contributions help meet the needs of local communities in the areas of social services, youth and education, arts and culture and economic development. Education is Wells Fargo’s top funding priority, representing more than 40 percent of community investments.
In addition, Wells Fargo team members in Alaska logged 9,000 volunteer hours in 2011 – a dollar value of $195,000. During the company’s annual Community Support Campaign, Alaska team members raised a record $523,000 for nonprofits in Alaska – a 30 percent increase over 2010.
“Well Fargo is pleased to invest in the communities where we live and work to help all Alaskans have an opportunity to succeed,” said Richard Strutz, Wells Fargo regional president for Alaska. “We believe if we do what’s right for our customers and for Alaska, business results follow. Our success depends on the success of Alaska – as it has for the last 95 years that we’ve called Alaska home. We’re here for Alaskans now, and in the future.”
Major funding of $50,000 or more was provided to the following Alaska nonprofits in 2011:
· Alaska Pacific University – Adult Undergraduate Program
· Covenant House of Alaska – “Our House is Full” capital campaign
· Habitat for Humanity of Anchorage
· Iditarod Trail Sled Dog Race
· Morris Thompson Cultural and Visitors Center in Fairbanks
· United Way of Anchorage
· University of Alaska Fairbanks Rural Alaska Honors Institute
About Wells Fargo
Wells Fargo has 950 team members in Alaska who serve customers through a network of 60 banking, mortgage, insurance and investment offices, 120 ATMs and online.
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.