Wells Fargo invests $6.7 million in AZ nonprofits in 2012 - WAFB 9 News Baton Rouge, Louisiana News, Weather, Sports

Wells Fargo invests $6.7 million in AZ nonprofits in 2012

CBS 5 CBS 5
PHOENIX (CBS5) -

Wells Fargo said Thursday it invested more than $6.7 million to almost 900 nonprofits and schools in Arizona in 2012.

Wells Fargo team members personally shelled out more than $2.4 million of the total. They also logged almost 100,000 volunteer hours to help Arizona neighborhoods and communities succeed. 

"There are people who have been affected by economic challenges in communities all across the country," said Arizona Lead Regional President Pam Conboy. "Wells Fargo is committed to meeting the challenge of bringing local solutions to local needs, and I am so proud of how our company and team members have truly helped make a difference."

In 2012, community development received the largest amount of donations, totaling $1,378,372.  Other areas included: 

Human Services: $1,149,744

Education: $1,077,969

Environment and Civic: $229,450

Arts and Culture: $219,086 

Nationally, Wells Fargo invested $315.8 million in 19,500 nonprofits in 2012, a 48 percent increase over the total donations for 2011.

In addition, Wells Fargo team members contributed more than $60.5 million and 1.5 million volunteer hours to 25,000 nonprofits and schools.

Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.

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