Thursday, May 20, 2010

Big Donation

Wells Fargo donated in a really big way to United Way, as this story from the Sacramento Business Journal reports.

An excerpt.

“Wells Fargo & Co.’s employee contribution to United Way Worldwide was the largest of its kind in the United States last year, with pledges totaling $41.9 million.

“The workers’ pledges were up 21 percent from the combined Wells Fargo and Wachovia Corp. campaigns in 2008. San Francisco-based Wells (NYSE:WFC) bought Wachovia of Charlotte, N.C. in late 2008. The combined banks have the second-largest market share of deposits in the Sacramento region.

“With corporate gifts included, the Wells Fargo contributions exceeded $60 million.

“During these difficult economic times, it’s more important now than ever for companies and their team members to give back to their communities to help create economic growth and prosperity,” says Jon Campbell, executive vice president of the social-responsibility group at Wells Fargo. “I continue to be amazed by the incredible dedication and compassion our team shows by generously investing their time, energy and personal financial resources in our communities.”

“In the Sacramento region, United Way said Intel Corp. was its largest donor, raising $2.1 million for 265 local nonprofits.”