Wells Fargo

CSH to Advance Racial Equity and Access to Housing

Projects in CA, MN, NJ, and MD are working to create resilient communities
Press Release

NEW YORK, NY, March 17, 2021 /3BL Media/ – CSH (Corporation for Supportive Housing) today announced an innovative effort to develop and implement systemic solutions to address the long-term impacts of COVID-19 and racial inequities in five communities across the US where vulnerable individuals and families have been marginalized. CSH’s initiative has received support with a grant from the Wells Fargo Foundation.

An App That Makes Financial Sense for Older LGBTQ Adults

SAGECents, available through the advocacy group SAGE and funded by Wells Fargo, addresses economic stability and stress in the aging LGBTQ population.
Article

Like many people, Frank Liu and Donna Sue Johnson worry about being able to take care of themselves and their partners as they age. But as members of the LGBTQ community, they’ve sought financial guidance that takes into account unique concerns faced by LGBTQ elders. Johnson, for instance, experienced many years of economic inequities. This is common among women who, like Johnson, are in their 60s or older and in same-sex relationships.

Providing 'a Ramp Back to Success' for Small Businesses

The nonprofit MoFi is providing working captial to small businesses through its new Thrive loan program
Article

At the age of 34, Brian Menges had achieved his life dream of owning a restaurant, 2nd Street Bistro, in Livingston, Montana. Business was good over the years for Menges, who now owns the restaurant group Slainte Mhath Inc., which also includes The Murray Bar, Gil’s Goods, and a commercial kitchen.

Wells Fargo Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050

Company to deploy $500 billion in sustainable financing by 2030, will work with clients to support low-carbon transition
Press Release

SAN FRANCISCO, March 9, 2021 /3BL Media/ - Wells Fargo today announced a major step in its efforts to support the transition to a low-carbon economy by setting a goal of net zero greenhouse gas emissions — including its financed emissions — by 2050. To help meet this ambitious goal, Wells Fargo will measure and disclose financed emissions for select carbon-intensive portfolios; set interim emission reduction targets; deploy more capital to finance climate innovation; and continue to work with its clients on their own emissions reductions efforts.

'Financial Health Is Foundational to Everything We Do' With HBCUs

Wells Fargo’s support of the Society for Financial Education & Professional Development’s Student Ambassador Program increases career opportunities and financial education for students at historically Black colleges and universities.
Article

Brandi McLean believes that people need financial skills to survive. That’s why she’s made it her mission to educate people about it. McLean, an accountant in Virginia, has been teaching young children about financial literacy in her free time. She also participated in the nonprofit Society for Financial Education & Professional Development’s, or SFE&PD, Student Ambassador Program, which trains college students to teach their peers about personal finance.

$5M Award to Chicanos Por La Causa From Wells Fargo's Open for Business Fund Program

Press Release

PHOENIX, February 26, 2021 /3BL Media/ – It is with great enthusiasm that Chicanos Por La Causa announces a $5 million award from Wells Fargo to help enhance relief programs in Arizona, California and Nevada for small businesses that continue experiencing hardship related to the COVID-19 pandemic.  Prestamos CDFI, a division of Chicanos Por La Causa, will be responsible for using the awarded funds from Wells Fargo’s

Wells Fargo Surpasses $10 billion in Tax-Equity Financing of Renewable Energy Projects

Wells Fargo’s Renewable Energy & Environmental Finance group finances utility-scale projects in the wind, solar, and fuel cell sectors
Article

As one of the U.S.’s leading clean energy investors, Wells Fargo Renewable Energy & Environmental Finance, or REEF, provides tax-equity financing to utility-scale projects in the wind, solar, and fuel cell sectors. Launched in 2006 — and part of the company’s broader commitment to help accelerate the just transition to a lower-carbon economy — REEF has now provided more than $10 billion in tax-equity financing in support of more than 500 renewable energy projects across the company.

Wells Fargo Donates $500,000 for Winter Storm Relief in Texas

Funding to help with access to food and water, home repairs in hard-hit communities; customer support also available
Press Release

SAN FRANCISCO, February 25, 2021 /3BL Media/ - The devastating effects of several winter storms have left millions of Texans dealing with costly home damages and limited access to food and water. To help aid in relief efforts, the Wells Fargo Foundation is donating $500,000 to help individuals and families recover, including $50,000to the American Red Cross Disaster Relief and $100,000 to Feeding Texas, a network of 21 food banks in the state.

Raza Development Fund Awarded Wells Fargo Open for Business Grant to Provide Relief for Small Businesses Impacted by COVID-19

Press Release

PHOENIX, February 24, 2021 /3BL Media/ - Raza Development Fund (RDF), the nation’s largest Latino Community Development Financial Institution (CDFI), has been awarded a $3.5 million grant from the Wells Fargo Open For Business Fund in support of its Small Business Initiative program which serves minority and women-owned small businesses suffering from the impacts of the Covid-19 pandemic.

The National Foundation for Credit Counseling® (NFCC®) and Wells Fargo's Latest Military Financial Readiness Survey Highlights the Financial Health of Military Households.

Military Servicemembers Display Financial Preparedness During COVID-19 While Borrowing Activity Increases
Press Release

WASHINGTON, February 24, 2021 /3BL Media/ -  Members of the armed forces, their spouses and veterans are no exception when it comes to the impact of the coronavirus pandemic (COVID-19) and financial well-being.

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