ALEXANDRIA, Va., Dec. 19, 2017 /PRNewswire-USNewswire/ -- United
Way Worldwide today announced an $18
million gift from Wells Fargo & Company (NYSE: WFC) to
support United Way's efforts to fight for the health, education and
financial stability of every person in every community by helping
one million people find jobs that allow them to better support
their families and strengthen their communities, within five
years.
Jobs are vital cornerstones of healthy families and communities.
Unfortunately, across society, too many people – particularly young
people – lack the skills and training needed for the jobs of the
21st century. According to a study by McKinsey and Co.,
approximately 75 million young people are unemployed around the
world, and 225 million are underemployed. The lack of adequate
education and job training systems is a leading cause.
"United Way fights to ensure that every person in every
community has the opportunity to succeed," said Brian Gallagher, President and CEO of United Way
Worldwide. "As part of this commitment, we bring together community
leaders from across the public, private and non-profit sectors to
strengthen education and training programs so that more people can
get jobs that improve their quality of life. This generous gift
from Wells Fargo will strengthen our ability to build coalitions
that help people get good jobs, support their families and
strengthen their communities."
To help one million people find sustainable employment, United
Way will build on the success of network leaders, such as United
Way of Greater Cincinnati, with
established job training and employment strategies. Its initiative,
Partners for a Competitive Workforce, is a collaboration of more
than 150 organizations that have prepared more than 11,000
residents for good jobs in growing industries like health care,
advanced manufacturing, and logistics.
"Wells Fargo has made it a priority to help create opportunities
for economic equity in underserved communities," said Jon Campbell, head of Corporate Responsibility
and Community Relations at Wells Fargo. "United Way has been a
tremendous partner for Wells Fargo, and we are proud to support
this new initiative to expand access to steady employment which is
key to achieving financial self-sufficiency and income
mobility."
Since 2009, Wells Fargo has contributed more than $510 million to United Way through grants,
campaign support and sponsorship, financial education programs, and
international donor advised giving. The company also created
a Financial Capability Network in partnership with United Way that
has helped more than 30,000 low-income families take important
steps toward financial stability. Wells Fargo's annual Community Support Campaign has
been United Way's top corporate campaign every year since
2010. More than 100 Wells Fargo team members serve on local
United Way Boards of Directors.
About United Way Worldwide
United Way fights for the
health, education and financial stability of every person in every
community. Supported by 2.9 million volunteers, 9.8 million donors
worldwide and $4.7 billion raised
every year, United Way is the world's largest privately-funded
nonprofit. We're engaged in 1,800 communities across more than 40
countries and territories worldwide to create sustainable solutions
to the challenges facing our communities. United Way partners
include global, national and local businesses, nonprofits,
government, civic and faith-based organizations, along with
educators, labor leaders, health providers, senior citizens,
students and more. For more information about United Way, please
visit UnitedWay.org. Follow us on Twitter: @UnitedWay and
#LiveUnited.
About Wells Fargo
Wells Fargo & Company is a diversified,
community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers'
financial needs and help them succeed financially. Founded in 1852
and headquartered in San
Francisco, Wells Fargo provides banking, insurance,
investments, mortgage, and consumer and commercial finance through
more than 8,400 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42
countries and territories to support customers who conduct business
in the global economy. With approximately 268,000 team members,
Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on
Fortune's 2017 rankings of America's largest corporations. The
Chronicle of Philanthropy ranked Wells Fargo No. 3 on its most
recent list of the top corporate cash philanthropists. In 2016,
Wells Fargo donated $281.3 million to
14,900 nonprofits and Wells Fargo team members volunteered 1.73
million hours with 50,000 nonprofits. Wells Fargo's corporate social responsibility
efforts are focused on three priorities: economic empowerment in
underserved communities, environmental sustainability, and
advancing diversity and social inclusion. News, insights and
perspectives from Wells Fargo are also available at Wells Fargo
Stories.
Media Contact
Southerlyn Reisig
southerlyn.reisig@uww.unitedway.org
Tel. 703.836.7100 ext.321
Christine Sanchez
christine.sanchez@uww.unitedway.org
Tel. 703-836-7100 ext. 564
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SOURCE United Way Worldwide