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United Way Recognizes Wells Fargo with Top National Award for Community Efforts

ALEXANDRIA, VA (March 22, 2010) — United Way recently recognized Wells Fargo with a Summit award for exceptional volunteerism as a testament to actions the company and its employees took to improve lives and local communities. “Community Involvement is an essential part of the Wells Fargo culture from top to bottom,” said United Way Worldwide Executive Vice President Atul Tandon. “This year, Wells Fargo championed their local communities across the nation and rallied team members to become the largest employee campaign in the entire U.S.  Wells Fargo and its team members stepped up in every possible way, increasing volunteer hours as well as giving more of their financial resources. We can’t thank them enough for their exceptional generosity, leadership and commitment to helping others. Truly, they have re-set the bar for giving and volunteering.” In addition to giving $202 million in grants to support nonprofits, more than 32,000 Wells Fargo team members volunteered 1.23 million hours in 2009. Volunteer activities included:
  • Delivering more than 2,500 financial literacy classes teaching 38,000 participants about saving.
  • Providing free tax preparation and assistance to hardworking low-income families at Volunteer Income Tax Assistance sites.
  • Training more than 13,000 students in Teach Children to Save outreach.
  • Reading to children in more than 4,000 classrooms, as well as providing over 41,000 books.
  • Serving on more than 10,000 nonprofit boards across the country.
Wells Fargo also provides numerous volunteer awards and incentives including 16 hours of paid volunteer time annually, Cash for Your Cause foundation grants, outstanding volunteer of the year awards, volunteer service awards with grants to nonprofits, a Dream Builder award for top affordable housing volunteer, and a unique volunteer leave program that provides fully paid leaves up to four months for Wells Fargo team members to help nonprofits with significant, impactful projects. In 2009, 21 team members received paid volunteer leave totaling over 40 months. Projects ranged from running a camp for children with cancer to creating bilingual curriculum at a local elementary school to working with nonprofits in India on microfinance. “To be honored with the United Way Spirit of America Award in community volunteerism reflects the spirit of our culture and our vision and values,” said Jon R. Campbell, executive vice president, social responsibility group at Wells Fargo. “I am incredibility proud of the dedication and compassion our team shows by generously investing their time, energy, and personal financial resources to help their neighborhoods and communities succeed. In 2009 alone, our team members recorded more than 1.2 million volunteer hours and raised $41.9 million during the Annual Community Support and United Way Campaign. Our partnership with the United Way is an integral part of our effort to build strong, safe and healthy communities.” Business Week ranks Wells Fargo the #2 most generous corporate foundation across all industries. Further, Wells Fargo has been recognized by Forbes, Business Week, Newsweek and Barron’s as one of the world’s most admired, most generous and most respected companies. The United Way Spirit of America and Summit Awards Program, now in its 23rd year, is United Way’s highest national honor for a corporation, recognizing the United Way Global Corporate Leadership company with the most comprehensive commitment to improving lives and strengthening communities. Applicants are evaluated by corporate peers, labor representatives and local United Ways. ### United Way United Way is a worldwide network in 45 countries and territories, including nearly 1,300 local organizations in the U.S. It advances the common good, creating opportunities for a better life for all, by focusing on the three key building blocks of education, income and health. The United Way movement creates long lasting community change by addressing the underlying causes of problems that prevent progress in these areas. LIVE UNITED is a call to action for everyone to become a part of the change. For more information about United Way, please visit: LIVEUNITED.org. 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 2009, the Company gave $202 million in grants to 18,000 nonprofits, and team members contributed more than 1.2 million volunteer hours around the country. For more about Wells Fargo’s achievements in Social Responsibility: www.wellsfargo.com/about/csr.

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