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Team Member Giving

Wells Fargo has a proud history of supporting communities. That spirit has been part of our culture since we opened our doors more than 160 years ago, and we’ll continue to be responsible and active members of our communities because it’s part of our Vision & Values.

Our team members are leaders. They give their time to teach money management skills, build homes, mentor youth, fundraise and serve on nonprofit boards. In 2013, our team members recorded 1.69 million volunteer hours in our My Volunteer Time tracking tool. This is equivalent to giving $37.4 million to support our communities. (Source: Independent Sector’s 2012 Dollar Value of a Volunteer Hour, which is stated as $22.14 per volunteer hour).

Annual Community Support Campaigns
Wells Fargo matches individual team members’ financial contributions to eligible schools and educational foundations dollar-for-dollar, up to $5,000 per person, per calendar year.

Each year Wells Fargo team members raise money for the nonprofits of their choice, including United Way, during our annual Community Support and United Way Campaign. In 2013, for the fifth year in a row, United Way Worldwide named Wells Fargo’s annual campaign as the No. 1 Giving Campaign. In addition, team members give to nonprofits throughout the year. In 2013 team members donated $89 million of their own money to nonprofits, and through the annual campaign.

One of the most important contributions our team members make is using their professional skills and knowledge to help nonprofits with business and organizational projects such as building a website, fundraising or training volunteers. We know thousands of team members company-wide are serving on nonprofit boards. This is how we often find out about projects and organizations that need funding or other support. It’s a critical part of our grassroots community giving strategy. We also support team member volunteering through the following programs:

Volunteer Chapters
These community-involvement networks support team member-led volunteer initiatives. Organized in local markets, Volunteer Chapters give team members the opportunity to create “volunteer communities” that make a positive impact on in their local communities and they align perfectly with our Vision & Values.

Volunteer Service Awards
Wells Fargo annually awards, through our Volunteer Service Awards and Cash for Your Cause programs, more than $500,000 in grants to nonprofits where team members volunteer. Since 1978, Volunteer Service Awards have encouraged our team member volunteers and provided valuable support for nonprofits in communities across the country.

Volunteer Leave Awards
Since 1976, this program has recognized our team members who give their time and service to causes that are important to them. Wells Fargo gives these team members the opportunity to take up to four months off work, with full pay and benefits, to volunteer with a nonprofit organization or K-12 school of their choice. We provide this support because we recognize the value of our team member volunteers in helping solve social problems and in contributing to the long-term sustainability of the nonprofits where they work.

Reading First
Since 1999, thousands of team members have participated in Reading First, Wells Fargo’s interactive read-aloud program designed to support early childhood adult literacy and increase company volunteerism. Through the program, more than one million books have been read and donated to prekindergarten through second grade classroom libraries.