AABP EP Awards 728x90

Wells Fargo surpasses $1 billion charitable goal

/wp-content/uploads/2022/11/BR_web_311x311.jpeg

Wells Fargo & Co. announced today it has donated $1.1 billion to nonprofit groups over the past four years to support and revitalize communities, help charitable organizations and benefit local economies. The financial services company had set a goal in in 2011 to donate $1 billion to nonprofit groups by 2017. Last year, 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. In January the San Francisco-based company reported record full-year net income of $23.1 billion, up 5 percent from 2013.