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Press release content from Business Wire. The AP news staff was not involved in its creation.

Wells Fargo Foundation to Provide Nearly $13 Million to Nonprofits Serving American Indian and Alaska Native Communities

February 5, 2019 GMT

DENVER--(BUSINESS WIRE)--Feb 5, 2019--To support greater economic empowerment in tribal communities, the Wells Fargo Foundation has awarded nearly $13 million to nonprofits supporting American Indian and Alaska Native communities as part of a five-year, $50 million commitment to expand its focus on tribal philanthropy. The funding will help increase homeownership, energy sovereignty and workforce development on tribal lands, promote development of native owned small businesses, and help build capacity for nonprofits to better serve their clients in Indian Country.

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“Wells Fargo has been serving American Indian and Alaska Native communities for more than 50 years,” said Jon Campbell, president of the Wells Fargo Foundation. “We believe it is important to support nonprofit and community organizations that empower tribal communities to determine their own way of life on their own lands — according to their time-honored cultures, traditions and beliefs — while also providing access to the tools and opportunities that can lead to financial success and well-being.”

The grants to 25 organizations range from $50,000 to $5 million and fall into four broad focus areas:

“We are very pleased to have added so many important and deserving organizations to our national philanthropy programs,” said Cora Gaane of the Wells Fargo Foundation. “We consulted with numerous stakeholders in identifying where our funding could have the greatest impact, and we value the expertise they bring in addressing the unique social, economic and environmental issues in Indian Country.”

National nonprofit organizations serving individuals, families and businesses in Indian Country who wish to be considered for a grant under the foundation’s commitment should contact AIANPhilanthropy@wellsfargo.com to determine eligibility. Community-based, local 501(c)(3) organizations serving the American Indian/Alaska Native and Native Hawaiian communities can continue to apply for grants through Wells Fargo’s online tool.

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The following organizations received funding from the Wells Fargo Foundation in 2018, the first year of Wells Fargo’s five-year commitment:

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,800 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. With approximately 259,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. In 2017, Wells Fargo donated $286.5 million to 14,500 nonprofits and Wells Fargo team members volunteered a record 2 million hours. Wells Fargo’s corporate social responsibility efforts are focused on three strategic priorities: diversity and social inclusion, economic empowerment, and environmental sustainability. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190205005249/en/

CONTACT: E.J. Bernacki

ejbernacki@wellsfargo.com

303-863-4710

KEYWORD: UNITED STATES NORTH AMERICA COLORADO

INDUSTRY KEYWORD: NATIVE-AMERICAN PHILANTHROPY PROFESSIONAL SERVICES BANKING CONSUMER FOUNDATION

SOURCE: Wells Fargo & Company

Copyright Business Wire 2019.

PUB: 02/05/2019 09:00 AM/DISC: 02/05/2019 09:01 AM

http://www.businesswire.com/news/home/20190205005249/en

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