Wells Fargo 2007 Annual Report Download - page 31

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29
The past two years we’ve contributed almost
$200 million
to 17,000 nonprofits, or an average of:
• $1.8 million every week
• $266,000 every day
• $11,000 every hour
Where We Give
Education . . . . . . . . . . . . . . . . . . . . . 31%
Human Services . . . . . . . . . . . . . . . . 29%
Community Development . . . . . . 23%
Arts and Culture . . . . . . . . . . . . . . . 10%
Civic . . . . . . . . . . . . . . . . . . . . . . . . . . . 6%
Environmental . . . . . . . . . . . . . . . . . 1%
$28.4 million
donated by 65,000 team members during
the ’07 Community Support Campaign;
Participation up 13% from ’06
$789 million
in Community Development Lending;
Includes affordable housing, community service and economic
development loans
796,000 hours
volunteered by team members;
Average value of a volunteer hour is $18.44 = $14.7 million
in time contributed, up 6% from ‘06
Volunteer Leave Program
Wells Fargo’s 30-year-old Volunteer Leave Program is one of the
few corporate programs of its kind in the U.S. that offers fully paid
sabbaticals for employees to provide community service. We
reward selected team members with up to four months off, with
full pay and benefits, to help a nonprofit of their choice achieve
long-term sustainability. This year, team member Adetoun Sokeye
was awarded three months to work with Rescue Now Services,
a nonprofit providing food, hygiene packs, vocational programs
and counseling to the homeless in Minneapolis, Minnesota. With
Sokeye’s help, Rescue Now can reduce its operating costs and
still expand its services. He was one of 20 team members who
received a portion of the 43 months of Volunteer Leave
awarded in 2007.
$550 million
spent with diverse suppliers;
Over halfway to our goal of $1 billion by 2010
$28.4 million
to 5,700 educational organizations;
+ $6.7 million in matched educational donations from team
members, up 32% from ’06
Environmental Stewardship
America’s largest buyers of renewable energy*
1. PepsiCo
2. Wells Fargo & Company
3. Whole Foods Market
4. The Pepsi Bottling Group, Inc.
5. U.S. Air Force
6. Johnson & Johnson
7. U.S. Environmental Protection Agency
8. Kohl’s Department Stores
9. Los Angeles County Sanitation Districts
10. Starbucks
* U.S. Environmental Protection Agency
$1.5 billion
in financing for Leadership in Energy and
Environmental Design certified “green” buildings;
Up 80% from ‘06
Corporate Citizenship Report
Our 2007 report on our progress in corporate citizenship is
available at: www.wellsfargo.com/about/csr
Investing in Our Communities