Wells Fargo & Company awarded 89 grants totaling $236,450 to nonprofit organizations and schools in Santa Monica, Venice, and other local communities last year.
The corporation, which combined with the Wachovia Corporation, donated $13.8 million last year to Los Angeles-area non-profit organizations and schools. Wells Fargo acquired Wachovia last year.
“Wells Fargo and Wachovia have long histories of consistently investing financial capital and, more importantly, human and social capital in our communities, thanks to thousands of caring team members who are local community leaders and volunteers,” said Jonathan Weedman, head of the Wells Fargo Foundation in Los Angeles. “I’m proud to work for a company that is a responsible member of the local communities.”
Wells Fargo contributed its charitable donations to support a variety of community groups including: Crossroads School for Arts and Sciences, Boys & Girls Clubs in Santa Monica and Venice, the CLARE Foundation, Inc., the Education Foundation of Santa Monica and Malibu, Heal the Bay, Pico Youth and Family Center, St. Monica High School, Step Up On Second, the St. Joseph Center and the Venice Family Clinic.
Wells Fargo’s Los Angeles-area team members also reported more than 12,555 volunteer hours serving nonprofit organizations in their communities and donated nearly $3.7 million of their own money to the company’s Community Support/United Way Campaign, which is an annual fundraiser encouraging employees to support any nonprofit agency or school in their community.