Wells Fargo Provides Winter Coats to More Than 10,000 Chicago Students

This week, more than 200 local Wells Fargo & Company (NYSE: WFC) volunteers provided free winter jackets to over 10,000 students at 13 Chicago Public Schools. This season marks the companys ninth consecutive year of giving.

Wells Fargos Coats for Kids campaign raised more than $200,000 from team member donations, company contributions and a private matching grant to buy the jackets. Since the program began in 2009, Chicago team members “ including Wells Fargo Bank and Wells Fargo Advisors “ have raised more than $1 million and donated about 60,000 coats.

Wells Fargo collaborates with Operation Warm, one of the leading U.S. nonprofit organizations dedicated to providing children with new winter coats. Operation Warm uses the donations raised by Wells Fargo to supply the new outerwear, and then company volunteers distribute the coats in early November.

The company contributed 2,500 coats to low-income children at a Chicago Housing Authority event on Oct. 16and will help fund 250 more coats with Childrens Home + Aid and Rainbow Push Coalition. In addition, Wells Fargo employees in Rockford, Illinois, provided 400 coats to local schoolchildren for the fourth consecutive year. Since 2014, the group has donated about 1,600 coats.

We believe that the kids in our community should be able to walk to school and play outside regardless of the weather, said Carter Wellford, Chicago branch manager for Wells Fargo Advisors. A winter coat gives them that opportunity and can help keep them healthy. This is an important event to our Chicago team members each year, and were excited about what weve accomplished thus far.

Rich Lalley, development director for Operation Warm, said, Were grateful for the partnership weve had with Wells Fargo for almost a decade now. For these children, it represents more than just a new coat. It is an offering of physical and emotional support, boost in confidence and hope for the future. When Wells Fargo team members meet these students and personally fit them for a coat, a lasting personal connection is made.

In addition to funding the coats, Wells Fargo Illinois team members volunteered nearly 30,000 hours and contributed more than $1.7 million to nonprofits through the companys internal Community Support Campaign in 2017. In Chicago alone, team member contributions to the campaign broke the $1 million mark three years in a row. That same year, Wells Fargo donated more than $4 million to nearly 300 nonprofits through corporate and foundation giving, including more than $525,300 to match team member gifts to educational institutions. The company also recently doubled its investment in the United Way Neighborhood Network Initiative in Chicagos Austin neighborhood to $600,000 by 2020.

More than 3,600 team members across 50 Wells Fargo lines of business serve a broad range of commercial, corporate, and individual customers in Chicagoland.

About Operation Warm

Since 1998, Operation Warm has inspired hope and empowered communities by manufacturing and distributing high-quality, new winter coats to over 3 million children in need throughout the U.S. Each year, over 40,000 Chicago-area children in need receive the gift of a new Operation Warm winter coat. The nonprofit works with organizations at a community level, assisting local advocates to help children receive coats in their own backyard. Operation Warm’s vision is that every child wearing a new winter coat is warm, feels valued, and is empowered to get to school and gain an education. To learn more or start your own community coat program, visit www.operationwarm.org.

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About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargos vision is to satisfy our customers financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,950 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 37 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortunes 2018 rankings of Americas largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

About Wells Fargo Advisors

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.

Latrina Shepherd, 312-339-0012
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Anklam, 415-769-1027
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