Wells Fargo ranks #1 for community support

ALEXANDRIA, VA — Wells Fargo clinched the top spot as the largest workplace community support campaign in the U.S. for 2010 according to United Way Worldwide. Wells Fargo team members pledged $38 million through its annual Community Support and United Way Campaign. Combined with other year-round donations to nonprofits and schools, team member donations exceeded $55.3 million, which will be used in part to help United Way meet national goals to improve educational outcomes and increase the graduation rate, help more families become financially stable, and increase the number of healthy youth and adults.

“For the second year in a row, Wells Fargo is the leader among leaders,” said Brian Gallagher, United Way Worldwide president and CEO. “Wells Fargo team members are truly community team members, having also volunteered more than one million hours last year, reinforcing their incredible commitment to improving lives and communities.”

More than 39,000 Wells Fargo team members volunteered 1.3 million hours in 2010, providing financial education, building houses, mentoring youth, cleaning up parks and neighborhoods, and much more. The company also invested $219 million in grants to support 19,000 nonprofits.

“I continue to be amazed each year at the growing participation of our team members who have generously invested their time, talent, and personal financial resources to support their communities, neighbors and even fellow team members,” said Jon R. Campbell, head of the Social Responsibility Group at Wells Fargo. “Team member donations were up 31 percent over last year, showing that they truly recognize the important role they play in helping advance social, economic, and environmental opportunities in the communities where we work, live, and do business.”

Wells Fargo is a United Way Global Corporate Leader, dedicated to creating opportunities for a better life for all people in partnership with United Way. Wells Fargo has been recognized by Forbes, Businessweek, Newsweek and Barron’s as one of the world’s most admired, most generous and most respected companies.