Wells Fargo does not use company money or resources to influence any U.S. domestic or foreign candidate elections, including assisting candidate campaign committees, political parties, caucuses or independent expenditure or other political committees, or any other type of election-related activity. If, in the future, we change our policy on independent expenditures we will disclose those expenditures on our website, and also present them to our Board of Directors for review.
Wells Fargo may contribute to entities organized under Section 527 of the Internal Revenue Code (“527 organizations”) but payments may only be used for operational and administrative purposes, not to support or oppose any candidate for U.S. federal, state, or local office, or to support or oppose any ballot initiatives. Additionally, payments to 527 organizations may not be transferred to any federal, state, or local PAC, any other form of political committee, or any other entity for the purpose of making contributions or expenditures, independent or otherwise, to support or oppose any candidates for U.S. federal, state, or local office, or to support or oppose any ballot initiatives. View the current list of contributions to 527 organizations (PDF), which is updated semi-annually.
Additionally, Wells Fargo may make contributions for ballot initiatives that could affect its business operations. When Wells Fargo makes these types of ballot initiative contributions, it does so to promote the interests of the company without regard to the private political preferences of Wells Fargo’s executives. On a periodic basis Wells Fargo will disclose the amount and recipient of ballot initiative contributions over $25,000, which may include a 501(c)(4) organization. View the list of contributions for ballot initiatives over $25,000 (PDF).
Past reports