Wells Fargo Donates $500,000 for Phoenix-Area Revitalization Efforts

NeighborhoodLIFT^® local initiative grants to
address homelessness, workforce development, and youth programs;
innovative program also creating homeowners in Maricopa County

PHOENIX–(BUSINESS WIRE)–Wells Fargo & Company (NYSE:WFC) today announced a total of $500,000 in
donations for seven local nonprofits will help revitalize Maricopa
County neighborhoods through the Wells Fargo NeighborhoodLIFT^®
program.

The local grant recipients were identified in collaboration with the
City of Phoenix and Mayor Greg Stanton.

The Wells Fargo Foundation is providing grants to the following Phoenix
nonprofits:

• Arizona Women’s Education and Employment – $50,000 grant to
  support women-owned small businesses, economic development, and job
  programs.
• Mission Create aka The Armory – $50,000 grant for economic
  development and small business entrepreneurship for military veterans.
• Native American Connections, Inc. – $125,000 grant for
  transitional housing services for the homeless.
• Teach for America: Phoenix – $50,000 grant to workforce
  development for teachers in Title 1 schools.
• UMOM New Day Centers, Inc. – $125,000 grant to support
  transitional housing services for homeless families and women.
• Greater Phoenix Urban League – $50,000 grant for small business
  economic development, workforce development and job programs.
• One N Ten, Inc. – $50,000 grant to support transitional housing
  for homeless LGBT youth.

The grants are funded through the Wells Fargo’s NeighborhoodLIFT^®
program that was expanded in 2016 for Maricopa County
homebuyers with a $5 million commitment by Wells Fargo to boost local
homeownership and revitalize neighborhoods.

“Each one of these grants will help a great organization and address a
key priority for our city – including support for veterans, education,
uplifting women and families and reengaging under-served communities,”
Mayor Stanton said. “Through NeighborhoodLIFT, Wells Fargo is bringing
our community closer together and helping Phoenix grow its economy at
all levels.”

The NeighborhoodLIFT program for Maricopa County follows the Phoenix
NeighborhoodLIFT program launched in 2012 that created 375 homeowners as
a result of an $8 million investment by Wells Fargo. Maricopa County is
now one of 45 communities across the country that will benefit from more
than $307 million Wells Fargo has committed through its LIFT programs.

“Wells Fargo cares about our communities and we are making these
investments to continue the revitalization effort to strengthen Greater
Phoenix,” said Pam Conboy, Wells Fargo Arizona Lead Regional President.
“These nonprofits are actively leading efforts to help stabilize
housing, create jobs and provide education programs, and we believe
these grants with add up to make a big impact.”

In addition to the local grants, the NeighborhoodLIFT^®
program is revitalizing neighborhoods by providing down payment
assistance to help more local families achieve successful, sustainable
homeownership. In Maricopa County, more than 200 down payment assistance
grants of up to $7,500 are still available for eligible homebuyers.
Wells Fargo is collaborating with the City of Phoenix, national
nonprofit NeighborWorks America, and its local affiliate, Trellis, to
implement the program.

How to apply for NeighborhoodLIFT ^® program
down payment assistance

To learn more about the matching down payment assistance program
eligibility requirements, visit www.NeighborhoodLIFT.com
or contact Trellis at (602) 258-1659.

About NeighborhoodLIFT

NeighborhoodLIFT® program is the single largest corporate philanthropic
effort of its kind in Wells Fargo’s history that launched in February
2012. Since February 2012, LIFT programs combined have helped create
more than 12,000 homeowners in 45 communities. A video about LIFT
programs is posted on Wells
Fargo Stories.

About Wells Fargo

In Arizona, Wells Fargo has 253 banking stores and more than 15,000 team
members. Wells Fargo & Company (NYSE:WFC) is a diversified,
community-based financial services company with $1.9 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through more than 8,600 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 36 countries and
territories to support customers who conduct business in the global
economy. With approximately 268,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was
ranked No. 27 on Fortune’s 2016 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy our customers’
financial needs and help them succeed financially. Wells Fargo’s vision
is to satisfy our customers’ financial needs and help them succeed
financially. Wells Fargo perspectives are also available at Wells
Fargo Blogs and Wells
Fargo Stories.

Contacts

Wells Fargo & Company
Media
Lori Brown, 602-378-4434
brownlo@wellsfargo.com
Alfredo
Padilla, 213-253-3379
alfredo.padilla@wellsfargo.com