Wells Fargo

Stabilizing Lives, Housing, and Communities During Crisis

From job searches to help with the rent, nonprofit programs support individuals in crisis to help communities emerge stronger from the pandemic, with help from Wells Fargo.
Article

After Markaela Lee lost her financial services job last year amid the pandemic, the toughest job of all began: finding a new one. As weeks of unemployment became months, she turned to a nonprofit housing organization that helped her with rent and job search support.

Helping Restaurants Stay in Business While Feeding Those in Need

Community Kitchens in Oakland, California, buys meals from neighborhood restaurants to donate to local nonprofits.
Article

Mayra Velazquez had just opened a second branch of her Mexican street food-inspired restaurant Xingones in Oakland, California, when the COVID-19 pandemic hit last March. Within weeks, the business she had spent the last four years growing from a farmer’s market pop-up into multiple eateries had vanished — along with 80% of her revenue.

'To Fight Poverty, We Must Have Civil Legal Aid'

Viewpoints: For people experiencing poverty and facing challenges like eviction, paying for legal services is often difficult without the necessary resources and support, writes Steve Gottlieb, executive director of Atlanta Legal Aid Society.
Blog

Atlanta Legal Aid Society has a long history of facing adversity with resilience and flexibility. Our organization has weathered nearly a century of change, conflict, and growth. But one thing is as true today as it was 96 years ago at our founding: To fight poverty, we must have civil legal aid.

Five Cities in Colorado, Kentucky, Ohio, Tennessee, and Texas Offer Free Financial Counseling to Residents in Need

Financial Empowerment Centers Across the Nation Already Have Served 116,000 Clients, Helping Them to Reduce $160 Million in Debt and Build $26 Million in Savings
Press Release

NEW YORK, March 25, 2021 /3BL Media/ -- The Cities for Financial Empowerment Fund (CFE Fund) announced the selection of five additional local governments to replicate the proven Financial Empowerment Center (FEC) model under its nationwide 

'I Was Able to Focus on the Big Picture Again'

Small business owners like Roxanne Best have been able to stay afloat during the COVID-19 pandemic, thanks to low-interest loans from Northwest Native Development Fund and a grant from Wells Fargo’s Open for Business Fund.
Article

It's not until she says it out loud that Roxanne Best truly realizes all of the different jobs she does. “I always think, ‘Wow, how do I do all of that?” Best said. Years ago, she was a scuba diving instructor and filmed students’ underwater trips, developing a knack for photography and videography. She then worked for the Confederated Tribes of the Colville Reservation’s casino and started her photography business on the side. Eventually, it grew into her full-time job.

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.

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