Wells Fargo Donates $350,000 for Columbia-Area Revitalization Efforts

Local NeighborhoodLIFT grants address economic and workforce
development, youth programs and neighborhood beautification for Columbia

COLUMBIA, S.C.–(BUSINESS WIRE)–Wells Fargo & Company (NYSE:WFC) today announced a total of $350,000 in
donations for three local nonprofits intended to help revitalize
Columbia neighborhoods through the Wells Fargo NeighborhoodLIFT®
program.

The local grant recipients were identified in collaboration with City of
Columbia Mayor Steve Benjamin.

“The best part about these causes is that they impact all generations,”
said Mayor Benjamin. “From playgrounds, to job training, to home
repairs, these grants will foster economic opportunity and make lives
better for so many of our residents. I salute Wells Fargo for their
commitment to helping our neighborhoods and families.”

The Wells Fargo Foundation is providing grants to the following Columbia
nonprofits:

  • Columbia Urban League – $100,000 grant to support the Summer
    Work Experience Leadership Program (SWELP), which enhances character
    and leadership skills for youths ages 14-19 as it relates to
    employability and job training. SWELP helps teens develop critical
    thinking techniques, teaches a sense of responsibility, and encourages
    effective, appropriate communication. It also helps to foster strong
    work ethic and self-esteem. About 400 participants will work 20 hours
    per week during the program.
  • HomeWorks of America, Inc. – $100,000 grant to serve low- and
    moderate-income homeowners with home repairs that may otherwise be
    unattainable. HomeWorks will rebuild at least six homes that were
    damaged in the October 2015 flood, provide safety and sanitation
    repairs to nearly 100 homes across the state, and provide case
    management to homeowners in need of meals, transportation and more.
    Repairs will continue throughout the year, maintaining a continual
    flow of volunteers.
  • Parks and Recreation Foundation – $150,000 grant will be used
    for two projects:

    • An educational initiative to provide people in communities with
      high unemployment, lack of access to nutritious food, and
      unfamiliarity with healthy cooking and eating habits with
      resources and tools for dietary and lifestyle changes, as well as
      job skills to help participants enter into the culinary field.
      Programming will include certification for employment upon
      completion, health and wellness workshops and afterschool sessions
      focused on gardening and farm-to-table foods. It will also serve
      as an incubator for entrepreneurs beginning a start-up business,
      and small businesses requiring a commercial kitchen. Services will
      benefit approximately 688 families, including adults, senior
      citizens and children.
    • A neighborhood beautification project that includes construction
      of a new playground in the Fairwold Acres/Harlem Heights
      neighborhood. The playground will have two sections to foster
      creative play – an area for kids ages 5 to 12 and another for 2 to
      5-year-olds. Upon completion, it will provide a playground for the
      local elementary school, which does not currently have one, and be
      a place where children can feel safe.

The grants are funded through Wells Fargo’s NeighborhoodLIFT program
that was launched in July 2016 for Columbia-area homebuyers with a $4.1
million commitment by Wells Fargo to boost local homeownership and
revitalize neighborhoods. NeighborhoodLIFT created
more than 100 homeowners in Richland and Lexington counties by offering
homebuyer education plus matching down payment assistance grants up to
$7,500. About 250 down payment assistance grants are still available and
interested homebuyers may contact NeighborWorks America’s local network
member, Origin, or Wells Fargo Home Mortgage in Columbia for information
about eligibility requirements.

The Wells Fargo NeighborhoodLIFT local initiative grants for Columbia
will provide support for economic and workforce development, youth
programs and neighborhood beautification.

“Wells Fargo cares about our communities, and we are making these
investments to continue the revitalization effort to strengthen
Columbia,” said Kathy Heffley, Wells Fargo region president in South
Carolina. “These nonprofits are actively leading efforts to help create
jobs, foster youth development and much more. We believe these grants
will add up to make a big impact.”

About NeighborhoodLIFT

NeighborhoodLIFT® program is the single largest corporate
philanthropic effort of its kind in Wells Fargo’s history. In
collaboration with NeighborWorks America, the Wells Fargo LIFT program
has helped create more than 13,250 homeowners in 50 communities since
2012. A video about NeighborhoodLIFT programs is posted on Wells
Fargo Stories
.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Founded in 1852
and headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial finance
through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com)
and mobile banking, and has offices in 42 countries and territories to
support customers who conduct business in the global economy. With
approximately 269,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 27
on Fortune’s 2016 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and help
them succeed financially. News, insights and perspectives from Wells
Fargo are also available at Wells
Fargo Stories
.

Contacts

Wells Fargo & Company
Media
Amy Amirault,
843-870-6385
Amy.Amirault@wellsfargo.com
Chris
Hammond, 415-222-4106
chris.l.hammond@wellsfargo.com