In 2019, the Wells Fargo Foundation launched a new philanthropic strategy anchored around unlocking economic opportunity for people and communities by addressing housing affordability, small business growth and financial health. The Foundation invested $455 million in grants in the last year, funding national organizations to deliver programs at scale and nonprofits that specifically address the needs of local markets. “Wells Fargo is on a journey to create greater community impact through its business and philanthropy,” said Bill Daley, vice chairman of Public Affairs at Wells Fargo. “Economic mobility is a critical issue, particularly for low-to-moderate income communities where people lack access to the resources necessary for a sustainable livelihood: adequate housing, stable jobs, or financial health services. In the year ahead, we will streamline our grant-making around these important areas and focus on addressing systemic barriers to success. This is the time to collaborate, be bold and think like social entrepreneurs.” “We commend Wells Fargo for their willingness to step up on issues facing our constituents and commit resources and expertise to look at community challenges at the local, state and national levels,” said Derrick Johnson, president and chief executive officer of NAACP. “We have a long way to go […]