Wells Fargo Invites Students to Apply for Disability Scholarships

Company also celebrates National Disability Employment Awareness Month in October.

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In honor of National Disability Employment Awareness Month, Wells Fargo & Company (No. 9 on the DiversityInc Top 50 Companies list) and Scholarship America announced the second annual People with Disabilities Scholarship Program. The program's goal is to help people with disabilities obtain the education or training they need to succeed in the careers they choose.


Applications for the scholarship program are being accepted online through Nov. 28, 2017, or until 700 applications are submitted.

"Scholarship America is pleased to work with Wells Fargo in offering this scholarship," said Robert C. Ballard, president and CEO, Scholarship America. "We are committed to making postsecondary success possible for all students. Students with disabilities have overcome many challenges, and this scholarship can help make the dream of postsecondary education attainable."

In 2016, Wells Fargo committed $1 million over four years to Scholarship America to develop and implement the program. In the first year of the program, 38 students from throughout the

U.S. received scholarships.

"We were thrilled with the overwhelming response and outpouring of gratitude from recipients in the first year," said Kathy Martinez, head of disability and accessibility strategy at Wells Fargo. "It was a clear indicator that there is a need for programs that help make career aspirations a reality for people with disabilities. We look forward to offering the program for a second year."

Selection Criteria

The selection criteria include academic performance, demonstrated leadership, work experience, a brief statement of career and educational goals, and an outside appraisal. Financial need will be considered.

Application Process

Applicants must meet all of the following criteria:

  • Have an identified disability (defined as someone who has, or considers themselves to have, a long-term or recurring issue that impacts one or more major life activities).
  • Have a minimum grade point average of 3.0 on a 4.0 scale, or equivalent.
  • Be a high school senior or graduate who plans to enroll (or already is enrolled) in full‑time or half-time (at least 6 credits per term) undergraduate study at an accredited two‑year or four‑year college or university in the U.S. for the entire 2018–2019 academic year

Applicants are required to complete the online application and provide a current academic transcript. The online application is accessible for users of all abilities. A dedicated toll-free phone number and email address will be provided to applicants who may need additional assistance.

Each applicant also is required to submit an essay on the question: What life experiences have shaped who you are today?

Awards

Awards are available for qualifying full-time students up to $2,500 per year and are renewable up to three years.  Awards are available for qualifying half-time students up to $1,250 and are renewable up to seven years or until a bachelor's degree is earned, whichever occurs first.

For more information about the scholarships, please visit https://scholarsapply.org/pwdscholarship.

Wells Fargo's Overall Commitment to People with Disabilities and National Disability Employment Awareness Month

In addition to the Scholarship America and other philanthropic initiatives, the company has an array of disability awareness programs for Wells Fargo team members to help foster inclusion, including:

  • Fireside Chat: Disability Inclusion Starts with Me

The internal "chat" on Oct. 4 will feature five senior leaders discussing Wells Fargo's commitment to people with disabilities, including the company's companywide strategy, benefits, resources, tools, community outreach, and upcoming innovation for team members and customers.

  • Juggling it all Caregiving – Special Guest Speaker and Panel Discussion

On Oct. 18, Wells Fargo will host special guest speaker Sherri Snelling, CEO and founder of Caregiving Club and author of Cast of Caregivers – Celebrity Stories to Help Prepare to Care. She and a panel of Wells Fargo leaders will discuss how team member caregivers can balance self-care while caring for a loved one.

In 2016, Wells Fargo implemented its first ever Accessibility Hackathon, in which 30 internal teams in the U.S. and abroad worked for two days in a virtual environment to develop technology that would improve the accessibility of a product, service, or platform used by team members at Wells Fargo. The hackathon winners produced insightful recommendations and solutions to improve accessibility for tracking time in the workplace for team members who have low-vision or are blind. Wells Fargo hosts its second Accessibility Hackathon in November.

  • Awareness Month Signature Event for Team Members in Des Moines, Iowa

For the third consecutive year, Wells Fargo's Diverse Abilities Team Member Network in Iowa will host a Signature Event Oct. 17 and Oct. 24. The event is designed to educate people about various disabilities through interactive tables at two locations.

To learn more about Wells Fargo's commitment to accessibility, please visit www.wellsfargo.com/about/diversity/accessibility/

 About Scholarship America

For nearly 60 years, Scholarship America has worked directly with students, parents, donors, colleges, businesses and communities to empower people to achieve their educational goals. As the nation's largest private education support organization, having distributed over $3.7 billion to more than 2.3 million students, Scholarship America is now working to further engage the private sector to support programs and policies that advance equity in postsecondary education and help students overcome barriers to access, persistence and attainment. More information is available at scholarshipamerica.org.

 

Wells Fargo Observes International Day of Family Remittances, Offers Fee Waiver

Company to waive ExpressSend remittance transfer fees to all countries, payout locations June 15–18.

REUTERS

Originally Published by Wells Fargo.

Wells Fargo & Company announced it will commemorate the International Day of Family Remittances by waiving all transfer fees for ExpressSend ® remittances sent June 15–18.

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13 Organizations Awarded $12.1 Million From Wells Fargo to Support Diverse Small Businesses

Funding awarded to local Community Development Financial Institutions.

REUTERS

Originally Published by Wells Fargo.

Wells Fargo & Company announced that 13 Community Development Financial Institutions (CDFIs) around the U.S. have been selected to receive $12.1 million in lending capital and grants under the Wells Fargo Works for Small Business: Diverse Community Capital (DCC) program. The recipients are private, nonprofit financial institutions that are dedicated to delivering responsible, affordable financial products to underserved populations and communities. Many of the small and micro businesses CDFIs serve may not be ready to access capital through conventional financing methods.

The Diverse Community Capital recipients are:

  • BOC Capital Corp. - Brooklyn, N.Y.
  • California Capital Financial Development Corporation – Sacramento, Calif.
  • Cooperative Development Fund of CDS for Shared Capital Cooperative - St. Paul, Minn.
  • Cooperative Fund of New England – serving New England
  • Entrepreneur Fund – Duluth, Minn.
  • First American Capital Corporation – West Allis, Wis.
  • Hartford Community Loan Fund – Hartford, Conn.
  • Local Initiatives Support Corporation – serving Los Angeles
  • Mission Economic Development Agency (MEDA) – San Francisco
  • Mountain BizWorks – Asheville, N.C.
  • New Jersey Community Capital – New Brunswick, N.J.
  • PeopleFund – Austin, Texas
  • Rainier Valley Community Development Fund – Seattle, Wash.

Diverse Community Capital funds will be used by the awardees to increase lending to diverse small business owners; help more diverse small business owners get the coaching and education resources they may need to grow their business; and improve, create or add resources, materials, products, or programs to better serve their target market.

Under the program, awardees also have the opportunity to participate in a social capital component, delivered by Opportunity Finance Network, a national network of CDFIs. Social capital opportunities include an online learning community, working groups on specific topics, consulting, peer learning and mentoring.

"Now in its third year, the DCC program's impact on communities has been compelling," said Connie Smith, Wells Fargo's Diverse Community Capital program manager. "DCC awardees are increasing access to capital and development services for diverse small businesses in their local communities. These awards are inspiring collaboration and innovation in the CDFI industry every day."

In fiscal year 2017, Diverse Community Capital awardees closed more than $284 million in loans to diverse small business clients. That represents a year-over-year increase of 23 percent for the first 18 awardees and a 63 percent increase for the next 26 awardees. Awardees closed nearly $103 million to black or African American entrepreneurs and more than $75 million to Hispanic or Latino entrepreneurs. In addition, 76 of all development services offered by DCC awardees were delivered to diverse small businesses. Most awardees reported at least one new or changed program or product designed to increase capital deployment to their clients.

"When local businesses succeed, so do the communities where we live and work," said Mike Rizer, director of Community Relations at Wells Fargo. "By financing community businesses — including small businesses, microenterprises, and nonprofit organizations — CDFIs spark job growth and retention in communities across the U.S."

Today's announcement marks Diverse Community Capital's fifth installment, or round, of awardees since 2015. Wells Fargo has committed an additional $100 million over the next three years to CDFIs serving diverse small businesses.

To earn back your trust, Wells Fargo has renewed its commitment to you. See our re-established goals at http://www.wellsfargo.com/renew.
We are re-committing to you and re-inventing how we serve you, delivering banking features like Card-Free ATM Access, and Debit Card On or Off for when you misplace your debit card. We have changed our sales policies and culture to fix what went wrong and make things right, knowing an apology is just the beginning.