Wells Fargo Commits $800,000 to Help Boost Economic Recovery in Ventura and Santa Barbara Counties
Wells Fargo will award $250,000 to four local nonprofits during Community Day event at its Mobile Response Unit; remainder of funds to be granted throughout the year
VENTURA, Calif., March 14, 2018—Wells Fargo & Company (NYSE: WFC) announced today that it is making an additional $750,000 available for recovery efforts related to the Thomas Wildfire and Montecito mudslides. $250,000 will be immediately awarded to four nonprofits at the company’s Mobile Response Unit (MRU) Community Day event Friday, March 16.
$75,000 will be granted to Women’s Economic Ventures (WEV), Ventura County Community Development Corporation and Ventura County Community Foundation, and $25,000 to Food Share, Inc. The remaining $500,000 will be distributed to nonprofits in Ventura and Santa Barbara counties over the course of the year, as plans and programs are developed to address current and emerging community needs.
This new commitment follows an initial donation of $50,000 awarded to the Red Cross in December to help with firefighting efforts in Ventura and Los Angeles counties.
“We want businesses, team members, and our community at large impacted by the Thomas Fire and mudslides to know that we are committed to helping the region recover,” said Ernie Pineda, Wells Fargo’s Central Coast region bank president in a press release.
Pineda says that the $800,000 contribution exemplifies Wells Fargo’s commitment to the community.