Wells Fargo Donates $300,000 in Support of Disaster Relief in Puerto Rico
September 20 2022 - 1:42PM
Business Wire
Funding to help address urgent needs following Hurricane
Fiona
Wells Fargo is donating $300,000 from the Wells Fargo Foundation
to support three organizations providing urgent relief in Puerto
Rico following Hurricane Fiona. The funding to the Hispanic
Federation, SBP, and World Central Kitchen will focus on
necessities like meals and supplies as well as resources for
rebuilding efforts.
“We understand the urgency when natural disasters hit –
especially in Puerto Rico, where communities are still recovering
from Hurricane Maria,” said Otis Rolley, president of the Wells
Fargo Foundation and head of Philanthropy and Community Impact. “At
times like this, our company supports the resilience of Puerto Rico
and is quickly deploying resources to help meet the many needs
unfolding in the aftermath of this storm.”
The donation will support on-the-ground activities in Puerto
Rico through $100,000 grants to:
- Hispanic Federation, an advocacy organization engaged in
rebuilding Puerto Rico through housing and community development,
small business support, health services, and emergency assistance,
among other initiatives. Hispanic Federation will focus on
emergency access to food, water and supplies.
- SBP (formerly St. Bernard Project), a long-term home
rebuilding and disaster response organization with existing
operations in Puerto Rico. SBP will assess damage, distribute
supplies, help people navigate federal assistance and rebuild homes
for impacted families.
- World Central Kitchen, which provides meals in response
to humanitarian, climate, and community crises. World Central
Kitchen is serving freshly prepared meals to the most impacted with
the help of local community members.
In addition, the company provides annual funding to the American
Red Cross to help communities prepare for disasters big and small.
This ongoing support to the Red Cross’ Annual Disaster Giving
Program will help the Red Cross provide food, emergency shelter,
relief supplies, and comfort to those affected.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is a leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy.
News, insights, and perspectives from Wells Fargo are also
available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo
*The American Red Cross name, emblem, and copyrighted materials
are being used with its permission, which in no way constitutes an
endorsement, express or implied, of any product, service, company,
opinion, or political position. The American Red Cross logo is a
registered trademark owned by The American National Red Cross. For
more information about the American Red Cross, please visit
redcross.org.
News Release Category: WF-PSEG
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version on businesswire.com: https://www.businesswire.com/news/home/20220920006074/en/
Media Kim Erlichson, 201-463-4243
kim.erlichson@wellsfargo.com
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