Wells Fargo 2008 Annual Report Download - page 32

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
Wells Fargo contributed
$102 million
to 14,000 nonprofi ts, or an average of:
• $1.96 million every week
• $279,660 every day
• $11,652 every hour
Where we give
 Education . . . . . . . . . . . . . . . . . . . . 32%
 Human Services . . . . . . . . . . . . . . 30%
 Community Development . . . . . 22%
 Arts and Culture . . . . . . . . . . . . . . 10%
 Civic . . . . . . . . . . . . . . . . . . . . . . . . . . . 5%
 Environmental. . . . . . . . . . . . . . . . . . 1%
Wachovia contributed
$124 million
to 22,000 nonprofi ts, or an average of:
• $2.38 million every week
• $339,000 every day
• $14,000 every hour
Our community commitment
Our community involvement goes far beyond just writing
checks. We aspire to the highest level of community
involvement in four areas:
  Social capital — applying our best
thinking as leaders in making
communities better places to live
and work
  Team member volunteerism —
encouraging and celebrating the
good work our team members do in
their communities
  Financial contributions — giving
with purpose and focus
  Compliance — conducting business
ethically and responsibly according
to legal requirements and our
own standards
$40.3 million
donated by Wells Fargo and Wachovia team
members during annual Community Support
and United Way Campaigns
1.4 million hours
volunteered by Wells Fargo and Wachovia
team members
Average value of a volunteer hour is $19.51 = $27.3 million
in time contributed
Environmental progress
•  $4 billion in environmental fi nancing since 2006; surpassed
$1 billion goal two years ahead of schedule.
•  One of the fi rst companies pre-certifi ed for Leadership in
Energy and Environmental Design (LEED) new construction
by the U.S. Green Building Council.
•  New banking stores will use about 20 percent less energy
and 40 percent less water than conventional buildings of the
same type.
$4.8 billion
in Wells Fargo and Wachovia Community
Development Lending
Includes a ordable housing, community service and economic
development loans
$63.4 million
to educational organizations
$14.4 million in matched educational donations from team
members, up 20 percent from 2007
Wells Fargo spent
$2.3 billion
with diverse suppliers the last six years
including $400 million in 2008
Wachovia spent $2.5 billion and $542 million, respectively
Bank-owned to Owner-occupied
Wells Fargo became the fi rst lender in the country to
complete a transaction through the new National Community
Stabilization Trust, helping move bank-owned properties
to nonprofi ts and municipalities in a quicker, cost-e ective
way. Four nonprofi ts and the O ce of the Comptroller of the
Currency (OCC) organized the Trust, which has pilots in
New York City, Minneapolis-St. Paul, Memphis, and
Rochester (New York), and is planning 40 more.
Investing in our communities