As the new school year rapidly approaches, Wells Fargo donated $1,000 each to 10 elementary schools in Central Oregon.
The recipients included three schools in Bend, three in Redmond, two in Prineville, one in Warm Springs and one in Madras.
Wells Fargo announced the gifts at a special gathering of principals and superintendents it hosted last Thursday evening, Aug. 16, at one of its offices in Bend. It will be up to each principal to determine how to use the unrestricted funds.
All of the recipients Wells Fargo selected are Title 1 schools, which means they have a high number or percentage of students from low-income families.
Wells Fargo Community Bank District Manager James Weber of Bend hosted the event, along with local Wells Fargo bank managers, Oregon Region President Don Pearson of Portland and other senior regional officers.
Weber told the educators that Wells Fargo wants to form a partnership with the schools because of the company's commitment to public education and to helping its communities.
"Like you, we believe that quality education is the most important investment we can make for our future generations," Weber said.
Public education is one of the major focus areas of the company's corporate philanthropy in Oregon. The $10,000 given is part of the more than $2 million that Wells Fargo will donate this year to hundreds of schools and nonprofit groups in Oregon. Nationally, Wells Fargo donated $213.5 million to 19,000 nonprofits and schools in 2011 (the fourth consecutive year the firm's giving topped $200 million).
The elementary schools that received the funds were Bear Creek, Ensworth and R.E. Jewell in Bend; M.A. Lynch, John Tuck and Vern Patrick in Redmond; Crooked River and Ochoco in Prineville; Warm Springs Elementary; and Madras Elementary.
About Wells Fargo
Serving Oregonians since 1852, Wells Fargo has repeatedly been named one of the most generous firms in Oregon and the nation. The firm is now celebrating its 160th anniversary. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. It provides banking, insurance, investments, mortgage, and consumer and commercial finance services.