Wells Fargo Invests $300,000, Employee Volunteers in Austin Neighborhood

Wells Fargo Invests $300,000, Employee Volunteers in Austin Neighborhood

Celebrates commitment with employee volunteer day

Wells Fargo has announced a commitment to invest in the United Way Neighborhood Network Initiative in the Austin neighborhood on the city’s west side. Wells Fargo will contribute $300,000 over the next three year to help advance the community transformation strategy in Austin through funding, volunteer hours, and strategic insight.

Through its Neighborhood Network Initiative, United Way works with neighborhood stakeholders to identify critical local challenges that need addressing in education, income and health, and then builds on the strengths of existing services in the community with additional resources. United Way adds financial investments, staff, and programmatic partners to more closely coordinate services and measures progress toward concrete goals set by each neighborhood, such as increasing high school graduation rates, reducing levels of chronic disease and reducing community violence.

In Austin, Wells Fargo will be working with United Way and Austin Coming Together, the lead coalition in the Network, on improving 3rd-grade success as a key milestone for further educational attainment. Among the coordinated strategies being implemented toward the goal are increasing parental supports such as ESL, improving access to quality early learning programs, improving neighborhood safety and increasing job training.

The Wells Fargo/Austin United Way Neighborhood Network partnership is an integral part of achieving success and transforming lives in Austin. The partnership will result in a tangible return on investment toward 3rd grade success and educational outcomes and make a lasting impact in the Austin community.

“As a company, we believe that Wells Fargo cannot succeed unless our communities succeed,” said Lisa Johnson, Wells Fargo’s Midwest division manager for Commercial Banking and chair of the bank’s Chicago Leadership Council. “We are deeply committed to supporting organizations like United Way that positively influence the quality of life for neighborhoods throughout Chicago.”

Wells Fargo will announce their investment in the neighborhood with a volunteer day on Wednesday, September 30th. Volunteers will complete a number of projects in the neighborhood including facilitating programs with kindergarten and 1st grade students at Moving Everest Charter School, assisting with programs at New Moms, Inc. and leading a community clean up effort in Austin’s 37th Ward, which has a high concentration of foreclosures and abandonments.

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