Real estate owned (REO) property donations and support valued at $30 million to qualifying nonprofits that serve military service members and veterans. The commitment includes:
• Real estate owned (REO) property donations and support valued at $30 million to qualifying nonprofits that serve military service members and veterans
• Hiring and mentoring initiatives,
• Customized financial education efforts, and
• Funds for philanthropic donations and sponsorships.
In addition, November 14-30, Wells Fargo is providing its customers an opportunity to make donations through the company's more than 12,000 ATMs in support of military service members and veterans. Prior to November 14, Wells Fargo gave customers an opportunity to give to the American Red Cross Disaster Release Fund through its ATMs for relief efforts for those impacted by Hurricane Sandy.
"With this $35 million commitment it is Wells Fargo's goal to have a role in our nation's efforts to support military service members, veterans and their families," said Jon Campbell, head of Wells Fargo Community and Government Relations. "We are pleased to extend these efforts by also making it easy for customers to support military members by donating at our ATMs."
The $35 million financial commitment is consistent with the three areas of support that Wells Fargo announced in September as its primary focus for supporting military service members and veterans: helping active duty military service members and veterans achieve homeownership, helping veterans transition to civilian careers and providing customized financial education.
REO donations and support already have been an ongoing part of Wells Fargo Home Mortgage support of organizations such as Military Warriors Support Foundation and Operation Homefront.
Here's how the REO donation program works: Wells Fargo gives properties to the participating nonprofits. In turn, the nonprofits match the properties to veterans according to home requirements and needs. Wells Fargo is not involved with the selection of individual recipients. Those interested in applying to receive an REO property should apply through the participating nonprofits at www.militarywarriors.org or www.operationhomefront.net.
Wells Fargo recently formed alliances with American Corporate Partners (ACP), 100,000 Jobs Mission and Military Spouse Employment Partnership (MSEP) to help mentor and hire veterans and military spouses. Organization details include:
American Corporate Partners (ACP)
American Corporate Partners provides a unique career development opportunity and mentorship program for veterans. The program is open to those who have served on active duty since 2001, including National Guardsmen and Reservists. Those interested can learn more about ACP and where to apply at: www.acp-usa.org.
100,000 Jobs Mission
The 100,000 Jobs Mission is a coalition of 83 companies committed to hiring at least 100,000 veterans by 2020. The coalition has hired more than 28,000 veterans since 2011. To learn more about the 100,000 Jobs Mission or to apply for jobs, please visit: www.100000jobsmission.com; and "Like" us on Facebook: Facebook.com/100000jobsmission.
Military Spouse Employment Partnership Program
Wells Fargo has joined the Military Spouse Employment Partnership program, which allows businesses to work together with the organization to provide jobs to military spouses. To learn more about MSEP, please visit: https://msepjobs.militaryonesource.mil/
Wells Fargo also launched Military Crosswalk software, which helps veterans translate their Military Occupation Codes (MOC) into available job openings within the company ( http://wellsfargo-veterans.jobs/)
Wells Fargo is launching a customized version of its Hands on Banking (www.handsonbanking.org) financial education program. Philanthropic Donations and Sponsorships
Philanthropic Donations and Sponsorships
Wells Fargo is proud to support organizations working to strengthen communities. Organizations can learn more at Wells Fargo's giving and where to apply at: www.wellsfargo.com/about/charitable/