Home >> Daily Dose >> Wells Fargo Supports Hurricane Ida Relief Efforts
Print This Post Print This Post

Wells Fargo Supports Hurricane Ida Relief Efforts

Wells Fargo has announced a donation of $350,000 from the Wells Fargo Foundation to support relief efforts across the Southeast and Northeast in communities impacted by Hurricane Ida.

A $100,000 donation was made to the American Red Cross, which is helping to provide shelter, food, water, relief supplies, and other assistance in the aftermath of Ida. The remaining $250,000 will be donated to local organizations to help communities with short- and longer-term needs, such as clean up, repairs, and rebuilding.

“We will be here for local communities as we band together to stay resilient in the wake of Hurricane Ida,” said Nate Hurst, President of the Wells Fargo Foundation. “Right now, there is a need to step up for hard-hit communities, and we hope this funding helps care for those individuals and families going through difficult times caused by the storm.”

In addition to the donation to the Red Cross, Wells Fargo is also supporting employees through its We Care Fund, a special program that provides financial grants to employees to cover unforeseen expenses caused by a disaster situation or a financial hardship that is beyond their control.

“Thanks to Wells Fargo’s generous support, the Red Cross, alongside its partners, is able to shelter and support thousands of families impacted by Hurricane Ida,” said Don Herring, Chief Development Officer at the American Red Cross. “We are proud to count on partners like Wells Fargo as we work together to provide much-needed comfort and care to help people in need.”

About Author: Eric C. Peck

Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.

Check Also

Addressing the Minority ‘Appraisal Gap’

A new Freddie Mac study has found that appraisal gaps exist among minorities in the nation’s top 30 metro areas.

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.