Wells Fargo Reports 5 Percent Increase in Nonprofit Giving to $226 Million

Wells Fargo reported its 2008 community investments for the combined company, including homeownership, community development, volunteerism, financial education, diversity and environmental stewardship. The combined Company reported:

* $6.4 billion in community development loans and investments for affordable housing, schools, economic development, community revitalization and job creation.
* 1.4 million team member volunteer hours. Team members also serve on 16,000 nonprofit boards and raised a record $39.3 million during the Community Support/United Way campaign.
* $45.8 million in grants to nonprofit housing organizations in the last two years and establishment of a grant to fund energy-efficient “green” affordable homes.
* $53.9 million in grants to 5,360 educational organizations, and $14.6 million in matched educational donations from team members.
* $7.68 billion in tax-exempt debt financing to local governments, health care providers and nonprofit organizations to support improvements to public services such as homeless shelters, hospitals and schools.
* $4 billion in environmental financing, including large-scale wind-and-solar energy projects, since 2006.
* $942 million spent with diverse-owned and women-owned suppliers — $4.8 billion in the last six years.