MINNEAPOLIS--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) today announced a $425,000 Wells Fargo NeighborhoodLIFT® local initiative grant to Lutheran Social Service of Minnesota (LSS), a nonprofit with a mission to revitalize Minneapolis and St. Paul neighborhoods.
“The East Side of Saint Paul and North Side of Minneapolis boast populations with powerful attributes of experience and diversity,” said Cate Rysavy, Sr. Director of Financial Services with LSS. “Each is a proud, active, and hardworking neighborhood with a vibrant network of people and organizations committed to revitalization. We are grateful to Wells Fargo for helping to provide the resources and opportunity to make a difference.”
The Wells Fargo Foundation grant will be used by LSS to launch GetLifted, an innovative effort focused on creating financial wellness and responsibly reducing debt among residents in the North Side of Minneapolis and East Side of St. Paul. The goal of GetLifted is to empower local residents with financial tools, capabilities, and resources from local community leaders. LSS will partner with local organizations and individuals to provide financial education training.
“Wells Fargo cares about our communities, and we are making these investments to continue revitalization efforts that strengthen the Twin Cities,” said Joe Ravens, Wells Fargo Minnesota regional president. “The GetLifted program will take traditional financial education a step further and reach more than 2,500 community members, which will make a big impact.”
The grant is funded through Wells Fargo’s NeighborhoodLIFT program that was expanded in June 2016 with a $5 million commitment for the Twin Cities to boost local homeownership and revitalize neighborhoods. First launched in 2012 for the Twin Cities, overall Wells Fargo has invested more than $14 million in NeighborhoodLIFT that has created nearly 700 homeowners by offering homebuyer education plus down payment assistance grants.
About 50 matching down payment assistance grants up to $7,500 are still available and interested homebuyers may contact NeighborWorks Home Partners, or Wells Fargo Home Mortgage in the Twin Cities for information about eligibility requirements.
NeighborhoodLIFT® program is the single largest corporate philanthropic effort of its kind in Wells Fargo’s history. In collaboration with NeighborWorks America, the Wells Fargo LIFT programs have helped to create more than 13,700 homeowners in 52 communities since 2012. A video about NeighborhoodLIFT programs is posted on Wells Fargo Stories.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 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 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.