Wells Fargo lifts students up
Actions we're taking on social issues that young adults bound for college and in college care about
Wells Fargo works across the country to create solutions to pressing societal challenges via its corporate responsibility efforts. Wells Fargo Stories and the corporate responsibility pages on the main Wells Fargo website are two places that regularly chronicle how we’re helping our communities thrive.
Here at CollegeSTEPS, you’ll see specific actions Wells Fargo takes to address issues that matter directly to high school students, college students and recent college graduates.
Wells Fargo has a long history of providing significant support to propel diverse students along their higher-education journey. Our signature sponsorships offer empowering scholarships and student programs through the American Indian Graduate Center, APIA Scholars, Hispanic Scholarship Fund, Hispanic Scholarship Fund, Point Foundation, Scholarship America, Thurgood Marshall College Fund, and United Negro College Fund.
Amount Wells Fargo has given, since 2010, to support programming and scholarships to diverse programs, including signature sponsorships.
Number of recipients of the Wells Fargo Student Impact Scholarship, which launched in 2020 with $1 million in funds to recognize and celebrate students who were financially impacted by COVID-19 and who are making an impact in their communities.
Estimated time Wells Fargo employees volunteered in support of diverse scholar programs since 2018.
Diversity, inclusion & equity
When people of different races, ethnicities, experiences, genders, abilities, and perspectives work together, communities benefit. That’s why it's important to address systemic inequality and injustice in America.
Our numerous corporate social responsibility commitments are intertwined. So we look for ways to address multiple issues when we act: for example, promoting access to higher education and lifting up underserved populations in sponsoring scholarships, or fueling small-business growth and helping minority entrepreneurs through Wells Fargo commercial banking programs.
Our company aims to attract more diverse talent, become a more inclusive workplace, and serve diverse communities more meaningfully. We acknowledge we have a ways to go to reach these goals, so we're strengthening our efforts and increasing our speed of change. Read comments from our CEO Charlie Scharf on diversity, equity, and inclusion, and follow our progress on Wells Fargo Stories.
In 1987, Wells Fargo added sexual orientation to our nondiscrimination policy. Since then, we have continued our support internally through the Wells Fargo PRIDE Team Member Network and externally through financial and volunteer support to LGBTQ organizations. Key nonprofit partners include:
HRC, Point Foundation, The Trevor Project, Out & Equal Workplace Advocates, True Colors United, SAGE, GLSEN, GLAAD
Wells Fargo and GLSEN have worked together since 2010 to distribute Safe Space Kits to teachers, counselors and administrators who want to be educated allies to K-12 LGBTQ+ youth. In 2014, we reached the goal of getting a kit into every middle and high school in the U.S. Wells Fargo has continued its philanthropic support to GLSEN and is now funding programs, including student leadership programming, which develops individual student leaders and acts to end bullying.
Internships are an important way for students to network and gain real-world work experience. Wells Fargo offers a range of undergraduate and graduate internship opportunities around the country, including many internship roles that can be done remotely.
We want to make housing more affordable for all, and to end homelessness. Roughly 568,000 people were counted homeless in America on a single surveyed night in January 2019, according to the U.S. Department of Housing and Urban Development 2019 Point-in-Time estimate. Housing affordability continued to decrease between April and June 2020, according to the National Association of Home Builders/Well Fargo Housing Opportunity Index.
Wells Fargo often works with nonprofits to effectively take action on housing. We also offer our own programs that give down payment assistance and financial guidance to first-time and low-income homeowners.
A recent survey found that 66% of college students say that the coronavirus pandemic has changed the way they feel about their financial futures. As a student, you are seeking out trusted resources to help you find answers to your questions and learn about ways to improve your financial health. Because when you’re in good financial health, you’ve got a plan that works for you today, for rainy days, and for the goals you want to reach some day. Wells Fargo helps students and their families with the following programs and partnerships:
Small business growth
The entrepreneurial spirit is strong with students. In a 2018 American Institute of CPAs survey, 53% of students from the college graduating classes of 2016 through 2019 expected to start their own business at some point, and even more (70%) said that the freedom of being your own boss is more appealing than the security of working for an employer.
To help new and growing small businesses, Wells Fargo provides both educational guidance at Wells Fargo Works for Small Business and access to capital through the Diverse Community Capital program, founded in 2016.
Impact Today is a collaboration between Wells Fargo and our employees, customers, suppliers, and communities to create a sustainable tomorrow through action today. We want to increase awareness of sustainability practices and issues, improve the sustainability of our supply chain, and support and collaborate with individuals and community nonprofits solving environmental challenges.
Wells Fargo sets annual goals for the corporation in these green activities. Among our 2020 aims, we are making progress toward providing $200 billion in financing sustainable businesses and projects between 2018 and 2030, and we are reaching the finish line for our goal of $65 million in philanthropic donations to clean energy and environmental education.
Three student and young-adult focused green partnerships of note are:
Thank you for learning more about Wells Fargo impact for students. You can share this page with others who are interested in these issues, and help us raise awareness and support.