Wells Fargo recently said that its team members have donated $89 million to community nonprofit groups this year—a 13 percent increase over last year and 10 consecutive years of double-digit growth.
Donations included $64.9 million pledged during the company’s annual Community Support and United Way Campaign. Team members recorded more than 300,000 volunteer hours, compared to 223,000 last year.
“Wells Fargo’s team members have always been deeply committed to supporting their communities,” Wells Fargo Chairman and CEO John Stumpf said. “This year they demonstrated that deep commitment again through record contributions and volunteering. I’m inspired by how our team members live our company’s vision and values.”
Through its Community Support and United Way campaign, Wells Fargo and its staff contribute to nonprofit groups, schools and religious institutions. All donations go to the organization of choice, and the company pays for all processing costs. Wells Fargo has matched up to $5,000 per team member in donations to qualifying organizations.
“Each September during our annual campaign we highlight our team members’ engagement with their communities,” Jon Campbell, the head of Wells Fargo’s government and community relations team, which oversees the campaign, said. “But our team members also make a difference throughout the year. They donate and volunteer their time to nonprofits that provide invaluable services to families and individuals all over the country and around the world.”