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Nov-29-2010 22:00printcomments

Wells Fargo Donates $35,000 and 489 Volunteer Hours to Habitat for Humanity in Salem

Habitat for Humanity Willamette Valley

(SALEM, Ore.) - Wells Fargo has donated $35,000 and 489 volunteer hours to Mid-Willamette Valley Habitat for Humanity in Salem. With Wells Fargo's support, the nonprofit group is building two affordable homes in south Salem for low-to-moderate-income residents.

The grant is part of the $345,000 Wells Fargo Housing Foundation donated to eight Habitat for Humanity affiliates in Oregon and southwest Washington to support the construction of 15 homes. The donation total includes:
• $70,000 to the Portland/Metro East affiliate to help build three homes in Portland and Gresham.
• $70,000 to the Willamette West affiliate in Hillsboro to help build a home in Aloha.
• $50,000 to the Evergreen affiliate in Vancouver, Wash., to help build a home in Vancouver.
• $50,000 to the Springfield/Eugene affiliate in Eugene to help build two homes in Springfield.
• $30,000 to the Rogue Valley affiliate in Medford to help build three homes in Medford.
• $30,000 to the Bend affiliate to help build two homes in Bend.
• $10,000 to the Tillamook affiliate to help build a home in Bay City.

About 550 Wells Fargo team members in Oregon and southwest Washington volunteered more than 3,480 hours this year for Habitat for Humanity. They raised walls, made interior improvements, painted, landscaped and performed a variety of other construction duties at build sites around the region.

"Wells Fargo is one of the strongest corporate supporters of Habitat for Humanity, both in this region and across the nation," said Don Pearson, Wells Fargo's regional president for Oregon and southwest Washington. "The funds we donated in this region were among the $58 million that Wells Fargo has given to local Habitat for Humanity affiliates since 1993."

The Wells Fargo Housing Foundation's mission is to provide sustainable homeownership opportunities for low-to moderate-income people by providing volunteer and financial resources to local and national nonprofit housing organizations.

The Habitat for Humanity affiliates are among the hundreds of nonprofit groups in Oregon and Southwest Washington that Wells Fargo has supported this year with more than $2 million in donations. Wells Fargo team members in this region augment that support by volunteering and expect to give more than 65,000 hours this year. Wells Fargo won a Governor's Volunteer Award this year for having the best statewide volunteer program in Oregon.

About Habitat for Humanity
Habitat for Humanity creates lasting, affordable homeownership by partnering with families who have a demonstrated need for stable, affordable housing and do not qualify for a traditional mortgage. Each family volunteers 500 hours towards the completion of other people's homes and their own. Habitat for Humanity then sells the home to the family using a zero-interest loan. The loan payments are used to help build more homes.

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 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 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and other distribution channels across North America and internationally.

News Release from: Wells Fargo




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