In 2011, Wells Fargo set a goal to donate $1 billion to nonprofit groups by 2017. The company achieved that goal three years early.
“Caring for our communities and helping individuals and families is one of the most important things we do at Wells Fargo and is a strong part of our culture,” said Jon Campbell, head of Wells Fargo Government and Community Relations. “We’re so proud to have 265,000 team members who unselfishly give their time and donations year after year. As a company, we realize the opportunity that we have to make a significant impact, and we work to make that as meaningful as possible.”
In 2014, Wells Fargo donated $281.2 million to 17,100 nonprofit groups, marking the sixth consecutive year of more than $200 million in donations. Wells Fargo ranked as the top corporate philanthropist in cash donations in 2012 and placed second in 2013, according to The Chronicle of Philanthropy (rankings for 2014 will be released later this year).
“We’re not the nation’s largest company (No. 29 on the 2014 Fortune 500 list) or even the largest bank, but we are honored to be one of the top companies in supporting our communities,” Campbell said.