News
Member news plus local and national philanthropic reporting

  • June 14, 2021 6:01 PM | Philanthropy Delaware (Administrator)

    (June 14, 2021 by Holly Quinn Techincal.ly) Delaware Division of Libraries is a Philanthropy Delaware member. Delaware Libraries offer all kinds of free events, clubs and services, from 3D printing and laser cutting to job search and entrepreneurial services. You can even have a virtual medical appointment at the library.

    It’s also still one of the best places to go for youth programming, and with summer here, it’s a good time to make use of the free coding classes for kids and teens.

    Learning to code can start as early as pre-kindergarten age; Jonathan Adly, founder of the former Coderrific Academyonce described intro-level coding as a “building block” that can be taught to young children along with reading, writing and basic math. And keep in mind that the coding many young adults today learn in first-year college classes will eventually be considered elementary school level.

    With that, consider this summer’s coding class offerings from your local library system, including a few virtual options:

    • Virtual Scratch Coding Club for kids ages 7 to 12 — Saturdays, June 19; July 10; and Aug. 21
    • Virtual Scratch Jr. for kids ages 4 to 8 and their parents — Thursday, June 24
    • Fandemonium series teaching code for video games for ages 12 to 17 — Thursday, July 22
    • Coding for teens at Milford Public Library — Monday, Aug. 23

    You can find details and registration info for coding classes, and lots of other events, on the Delaware Libraries calendar.

  • June 14, 2021 1:08 PM | Philanthropy Delaware (Administrator)

    (June 14, 2021 by Daily Independent) Bank of America is a Philanthropy Delaware member. Indigenous Mesa Community College students are beneficiaries of a $150,000 grant from Bank of America awarded through the Maricopa Community Colleges Foundation as part of the bank’s overall efforts to advance economic opportunity and racial equality.

    The grant makes emergency funding available to MCC students for the spring and fall 2021 semesters, allows for the development of virtual programming to inform and interact with students online, and provides educational stipends for university transfers, according to a release.

    “The economic needs in tribal communities continue to be a challenge that we, as a society, need to address,” Benito Almanza, Arizona president for Bank of America, said in the release. “These challenges have been further exacerbated by the coronavirus, and there is an urgent need to invest in tribal education, as well as native-owned small businesses and health care - to help mitigate some of the enormous economic and health risks these communities currently face and open doors to greater racial equality and economic opportunity.”

    Many indigenous students are still reeling from job loss in their family, death and illness of loved ones and social unrest. To help, $60,000 is dedicated to providing emergency funding to support up to 120 students — $500 each per semester. Funds may be used for necessities such as food, transportation, technology needs and textbooks.

    Marina J. Notah, a Navajo tribal member, received support to complete this semester.

    “Upon receiving the news that I was receiving support, I was ecstatic because it meant that my internet bill would be covered for the rest of the semester. I am one step closer to becoming a marine biologist,” Notah said in the release.

    Zoe Irwin, a member of the Rosebud Sioux tribe, received support to enroll in classes for the fall semester.

    “Thanks to the Bank of America grant I am able to continue to move forward in working towards my Speech-Language Pathology degree,” Irwin said.

    An MCC American Indian Institute virtual program is being developed for indigenous students with $36,000 of the funds. The program will help students stay engaged with their studies, connect to each other and the campus community through online events and activities supporting college success.

    “Bank of America’s commitment and dedication to supporting the needs of indigenous MCC students is making a direct and transformational impact on their ability to complete their educational journeys,” Jim Larney, MCC American Indian Institute director, said in the release. “We know in working with our students even prior to the pandemic, that their basic needs are often not met and that transferring to a university to earn a higher degree is often hindered because of the lack of financial resources.”

    Indigenous students make up 3.4% of the MCC student body. This additional funding means that indigenous students completing an associate’s degree at MCC in 2021 may be eligible to receive $2,000 to continue their studies at a university.

    The initiative is one of the many ways MCC is able to fulfill its strategic priorities and values of diversity, equity and inclusion. Additionally, it addresses the MCCCD strategic commitments to build a thriving community through access and student success, and to be a driving force for economic and workforce development in Arizona, the release states.

    “In this time of great pivots, we all are navigating through challenges with innovation and creativity,” Christos Chronis, MCC chief development officer, said in the release. “Bank of America has been an outstanding partner, investing in the lives of indigenous students so they can grow, learn, and thrive. We are truly appreciative of their support and partnership.”

    To participate, students must be affiliated with an indigenous tribe, enrolled in at least three credit hours at MCC, pursuing a certificate or degree, and have a minimum of a 2.0 GPA (on a 4.0 scale). Students receiving emergency funding are required to attend a minimum of three AII-hosted workshops or become an active member in an MCC student club such as the Inter-Tribal Student Organization, or the American Indian Science and Engineering Society.

    Learn more about the American Indian Institute at MCC at mesacc.edu/students/american-indian-institute.

  • June 02, 2021 9:18 AM | Philanthropy Delaware (Administrator)

    (June 1, 2021 by Dan Parks, Philanthropy.com) President Biden’s first budget proposal calls for a big boost in domestic spending to help low-income people while proposing certain tax increases that could boost incentives for charitable giving, experts say.

    Nonprofits advocates — also noting the absence of an effort to limit the value of itemized deductions, including contributions to charity — generally gave the budget plan high marks.

    Michael Nilsen, vice president of communications and public policy at the Association of Fundraising Professionals, noted in an emailed statement that Biden’s budget proposes increasing the capital-gains tax on the wealthy, plus changes to estate taxes that “could cause heirs to incur significant capital-gains taxes.”

    Nilsen added: “These increases could create a strong incentive for some taxpayers to contribute property or shares of stock to charity, as we know that tax and financial incentives play a key role in giving decisions as the amount of money involved gets larger.”

    In an analysis that will publish later Tuesday, the National Council of Nonprofits notes that the budget calls for a 16 percent increase in domestic spending. David Thompson, vice president for public policy at the council, said that such strong growth in domestic spending likely would mean extra revenue for nonprofits that contract with the government to provide services to poor and low-income people.

    The council also praised the budget and associated documents for proposing to make “permanent several temporary tax provisions, including the expanded Earned Income Tax Credit, the Premium Tax Credit, the Child Tax Credit, and the Child and Dependent Care Credit.”

    However, Thompson expressed disappointment that the budget does not call for an extension of a tax deduction available to people who don’t itemize their tax returns.

  • June 01, 2021 3:20 PM | Philanthropy Delaware (Administrator)

    (June, 1 2021 by Holly Quinn, Technical.ly) Business owners of color received significantly more emergency Paycheck Protection Program funding in 2021 than they did in 2020, when just 12% of applicants of color received what they asked for, and as many as 95% of Black-owned businesses across the board were effectively shut out for being non-employer firms.

    The second round of PPP, which launched in January 2021, contained changes that were aimed at making the aid accessible to minority-owned businesses. For instance, the first loans went through community banks more likely to have relationships with business owners of color, and they opened up eligibility to smaller businesses, businesses without employees, and contractors. Some banks, like M&T, accepted applications from business owners who had never done business with them previously, which took down a major barrier for businesses that had no bank loan for their business.

    Small business platform Womply, which says it facilitated 27% of all minority loans in 2021, including 981 PPP loans for minority-owned businesses in Delaware, has released a report on the impact of PPP on minority-owned businesses that shows a marked increase in 2021.

    “Minority,” in the report’s data, is comprised of Black, Hispanic and Latino, North America Indigenous/Alaska Native and Hawaii Native/Pacific Islander.

    Graph of PPP loan data

    Graph of PPP loan data. Screenshot)

    While the data has much improved for minority-owned businesses between the first and second rounds, with minority access doubling in four months from January to April 2021, the initial numbers were so low that doubling it still leaves many businesses without needed funding. Within its process, Womply identified 2,364 minority-owned businesses in Delaware that are still in need of PPP.

    That tracks with Womply’s national findings that, for every one PPP loan that goes to a minority-owned business, there are two such businesses that need it but are denied.

    The report concluded that another $50 million of PPP loans would be required to fund all eligible businesses, including 1.2 million minority owned businesses.

  • June 01, 2021 3:04 PM | Philanthropy Delaware (Administrator)

    (May 25, 2021 by Press Release) The Food Bank of Delaware announced today that the Swank Family Foundation has donated $356,000 to support the expansion of the Food Bank of Delaware’s Milford branch.

    Last night, Milford City Council voted in favor for a conditional use and preliminary site plan approval, enabling the anti-hunger organization to purchase 11.5 acres of property in the Independence Commons Business Park off Delaware Veterans Boulevard. Pictured to the right, Food Bank of Delaware Board Chair, Andy Larmore, and Food Bank of Delaware President and CEO, Cathy Kanefsky, show off the notarized sales agreement with the City of Milford making the purchase official.

    Initial plans call for the construction of a 3,000-square-foot building to house the Food Bank of Delaware’s Healthy Pantry Center and up to a 60,000-square-foot warehouse/workforce training space in upcoming phases.

    The new property is less than a mile away from the Food Bank’s current 16,000-square-foot facility on Mattlind Way.

    “While we have seen the need for food assistance rise as a result of the COVID-19 crisis, demands for food in Kent and Sussex Counties were growing even prior to the pandemic,” said Food Bank of Delaware President and CEO Cathy Kanefsky. “Additional warehouse and cold storage capacity is needed so we can effectively serve our neighbors in Kent and Sussex Counties who are struggling with food insecurity. We are thrilled to announce this generous lead gift made by the Swank Family Foundation as we share our plans for this exciting project.”

    Ed Goldenberg, President of the Swank Family Foundation, stated, “We are pleased to provide the Food Bank of Delaware with support to increase services Kent and Sussex County residents. This is not a typical Swank Family Foundation grant but 2020-21 wasn’t a typical year. The Board feels confident that Delawareans who live with neurological diseases and their families are among those who will benefit from the Food Bank’s expansion.”

    Construction will begin on the new Healthy Pantry Center later in 2021 with an early 2022 opening. Design and construction of the new warehouse/workforce training space will continue through 2022 with an anticipated opening in 2023.

  • June 01, 2021 12:12 PM | Philanthropy Delaware (Administrator)

    (June 1, 2020 by Press Release) Bank of America is a Philanthropy Delaware Member. The Texas Tech University (TTU) School of Veterinary Medicine (SVM) is receiving $350,000 in gift funds from Bank of America to build and support a new world-class school of veterinary medicine to address the region’s growing shortage of veterinary resources.

    The new 185,000 square-foot, two-story facility will enroll its first students later this year. Once fully implemented over the years ahead, the School anticipates more than 450 veterinary and graduate students. While the veterinary curriculum is firmly focused on general veterinary practice in rural and regional communities, the graduate program will produce scientists who provide solutions to the world’s most pressing problems.

    “Our facilities are truly world class. They will be a fantastic academic home for our students, staff and faculty,” said Guy Loneragan, dean of the School of Veterinary Medicine. “We are so thankful that our community, the region as a whole and Bank of America have made these facilities and our programs a reality. This gift will contribute to a premier space for students and support critical programs and recruitment efforts across the region.”

    The project is estimated to generate more than $75 million annually for the region and create nearly 375 new jobs. Located in the region that is responsible for nearly a quarter of the country’s beef, the School’s programs and research components will support sustainability efforts in the livestock industry. The School’s unique geographic placement will enable it to serve as the closest veterinary school for students in five states that support large-animal agriculture and all face veterinary shortages.

    “Amarillo is a very special community, and everyone here knows how important quality animal care is to our economy,” said Amarillo Mayor Ginger Nelson. “This school gives Amarillo a competitive advantage and opens the doorway to a wide array of opportunities for students, farmers, researchers and so many more.”

    The SVM’s mission can be distilled to supporting the veterinary service and educational needs of rural and regional communities, and to provide access to an affordable world-class education. To achieve this mission, the School is implementing a three-pronged strategy based on targeted admissions, curricular focus, and experiential learning. In terms of the admission process, the School is preferentially recruiting and admitting students with deep life experiences rooted in rural and regional communities across Texas and New Mexico. This includes many underserved communities with a substantial Latino population. This is an important part of the fabric of Texas that has been traditionally underrepresented in veterinary medicine.

    To meet its mission more effectively, the school is implementing programs to enhance cultural competency. These will inform approaches, for example, to more effectively recruit students in communities on Texas’ southern border, refine the admissions process to identify students with tremendous potential but who might not have had the opportunity to attend pre-veterinary programs at larger comprehensive universities, or to design educational models to help veterinary students develop Spanish competency to effectively communicate with clients or animal care givers for whom English is a second language. The School’s cultural competency initiatives are funded in part by the Bank of America gift and the SVM Cultural Competency Council will be led by Drs. Arlene Garcia and László Hunyadi.

    “The Texas Tech University’s School of Veterinary Medicine will serve as a social and economic anchor for Amarillo, the region and our state. The groundbreaking research and teaching on animal and human interface will benefit all societies and animal well-being,” said W. Ashley Allen, President Bank of America Amarillo. “Our philanthropic investment will pay dividends for years to come, supporting economic mobility and bolstering rural jobs for the region.”

    This anchor gift is Bank of America’s largest gift in the region to date and comes as part of its focus on advancing economic mobility by supporting nonprofit organizations serving education and workforce, community development and basic needs.

  • May 27, 2021 11:07 AM | Philanthropy Delaware (Administrator)

    (May 27, 2021 by Business WireWells Fargo is a Philanthropy Delaware Member. Wells Fargo is awarding $1 million in grants to provide support for the Asian American and Pacific Islander (AAPI) community and small businesses in response to the COVID-19 pandemic and the recent increase in anti-Asian hate, discrimination and violence.

    The Wells Fargo grants are being awarded to four organizations: the Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE), OCA - Asian Pacific American Advocates (OCA), the US Pan Asian American Chamber of Commerce (USPAACC), and Asian Americans Advancing Justice | AAJC. The investment is part of the company’s longstanding commitment to the AAPI community and our employees, and in recognition of Asian American and Pacific Islander Heritage Month.

    “The $1M commitment was shaped by listening to and learning from our community partners and employees to support ongoing efforts for advancing meaningful and tangible solutions that will make a positive impact in the AAPI communities we serve,” said Kleber Santos, head of Diverse Segments, Representation, and Inclusion. “Against the backdrop of the disturbing increase of anti-Asian sentiment and violence, this year’s Asian American and Pacific Islander Heritage Month takes on additional importance and meaning for us as a company. We will continue to stand in solidarity with the AAPI community and use our voice and resources both locally and nationally to help advance the inclusion and wellbeing of individuals across all our diverse communities.”

    The four organizations will use Wells Fargo grant funds, each in varying amounts, to assist the AAPI community and small businesses in a number of ways:

    • National ACE – Grant dollars will support a number of efforts by the organization designed to help AAPI small businesses, including training for small business owners on responding to hate incidents and anti-Asian harassment in the workplace. The program will also include surveys to better understand the impact of anti-Asian sentiment and help policymakers improve support for AAPI small business communities.
    • OCA - Asian Pacific American Advocates – OCA will use the support from Wells Fargo to empower OCA chapters across the country, and enhance their local programming and outreach in AAPI communities. OCA will expand its Advocates in Action program, which addresses anti-Asian hate incidents through a series of situational awareness workshops and webinars on allyship, anti-racism and Asian American history and social media campaigns.
    • USPAACC – USPAACC will provide grants to local AAPI chambers of commerce across the country to assist in their efforts to support Asian-owned small businesses who have been impacted by COVID-19 and economic hardship. The organization will help AAPI and other minority business enterprises with education, training, advice, technical assistance, business development assistance, referrals and advocacy services. Efforts include the creation of a Procurement Opportunity Center (POC) designed to help AAPI small businesses who have been struggling to enter into and become successful in federal contracting.
    • Asian Americans Advancing Justice – AAJC will use grant funds to support anti-Asian hate efforts, including raising awareness about the increased racism and discrimination against Asian Americans being wrongly blamed for the coronavirus. These efforts include a public awareness campaign to fight coronavirus-related violence and discrimination.

    Funds provided for these organizations are in addition to Wells Fargo’s ongoing support for the AAPI community focused on financial education, college scholarships, small business support, in-language services and support of local and national Asian-focused non-profit institutions and organizations. Since 2016, Wells Fargo has contributed more than $140 million to nonprofits, educational programs, and schools that serve Asian communities. In addition, since 2019, Wells Fargo has achieved more than $2.6 billion in spending with certified diverse suppliers, with more than $820 million with Asian-owned businesses.

  • May 18, 2021 11:10 AM | Philanthropy Delaware (Administrator)

    (May 18, by Coastal Point) Delaware nonprofits are being invited to apply for general operating grants of $10,000 from the Community Needs Grants Program at the Delaware Community Foundation (DCF).

    The Community Needs Grants Program is part of the Delaware COVID-19 Strategic Response Fund, a partnership of the DCF and Philanthropy Delaware. In this round, the program — which has awarded more than $3.6 million in pandemic-related grants — will fund a mix of small and mid-sized organizations serving Delaware communities.

    Priority consideration will be given to smaller organizations and those with a board of directors that represents the diversity and demographics of the clients and communities they serve.

    Visit delcf.org/covid-grants to apply. The deadline is 5 p.m., Wed., June 9, with recipients announced in July.

    To be eligible:

    • In 2020, the organization must have had an operating budget for the fiscal (or calendar) year of at least $25,000, but not more than $750,000.
    • The organization must be actively providing services.
    • The organization must be a 501(c)(3) public charity in good standing with the IRS.
    • A full 100 percent of the requested amount must benefit Delaware communities.

    Organizations are not eligible to apply this round if they received a general operating grant in the March 2021 round. Organizations are eligible to apply even if they received funding previously from the Delaware COVID-19 Strategic Response Fund from March 2020 to September 2020.

    Some types of nonprofit organizations are not eligible for this program, including:

    • Sports clubs, leagues or facilities.
    • Public or tuition-based educational institutions.
    • Fundraising entities for programs and organizations that are primarily supported through government funding.
    • Endowments.
    • Religious organizations for their sectarian purposes. (Projects that serve the entire community, regardless of religious affiliation, are eligible to apply.)

    A partnership of the DCF and PD, the Delaware COVID-19 Strategic Response Fund was established to address the state’s emerging and evolving needs resulting from the COVID-19 pandemic. The fund, which launched on March 18, 2020, has awarded $3.6 million to more than 150 Delaware nonprofits so far through its Community Needs Grants Program and Vision Grants Program. To contribute, visit delcf.org/covid19-fund.

  • May 17, 2021 5:00 PM | Philanthropy Delaware (Administrator)

    (May 17, 2021 by Holly Quinn Technical.lyThe Delaware Department of Education is seeking community input on how to apply the state’s education funding from the American Rescue Plan Act. The virtual session is set for May 20. 

    The State of Delaware received more than $410 million in supplemental federal Elementary and Secondary School Emergency Relief (ESSER) funding (known as ESSER III funding) from the the federal government’s recently-passed American Rescue Plan Act. Two-thirds of those funds are immediately available for states to distribute to school districts and charter schools, with the remaining funds to be made available once states, districts and charters develop ESSER III implementation plans.

    Before that money is distributed, The Delaware Department of Education (DDOE) wants community input on how to best use it. An event this week offers a chance to weigh in.

    The federal government has the following requirements for ESSER III: 20% of the funding must address learning loss due to the pandemic, supporting things such as summer learning, after school and extended day programs, and there must be a consideration of disproportionate impact of COVID-19 on underrepresented student subgroups, including racial subgroups, low income students, disabled students and English learners. No more than 1% can be used for administrative costs.

    Other uses of the money will include COVID-19-related expenses such as reopening schools safely, sustaining their safe operation, and addressing students’ social, emotional, mental health, and academic needs resulting from the pandemic.

    Delaware Secretary of Education Susan Bunting and Deputy Secretary of Education Christine Alois will host a virtual community conversation at 4 p.m. on Thursday, May 20, where they will share the feedback they’ve received so far and to solicit additional public comment.

    According to the ESSER III information page, Delaware will receive the funding on May 24, and must have it distributed within 60 days.

    The livestream will happen on the DDOE’s Youtube channel. Feedback can also be submitted by email via Stakeholder.Feedback@doe.k12.de.us.

  • May 14, 2021 3:30 PM | Philanthropy Delaware (Administrator)

    (May 14, 2021 by WellsFargo Newsroom) WellsFargo is a Philanthropy Delaware Member. Wells Fargo has invested in 11 Minority Depository Institutions in 2021 as part of a $50 million pledge and a commitment to foster economic growth in Black and African American communities

    Wells Fargo & Company today announced equity investments in five African American Minority Depository Institutions, or MDIs, as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks. As part of the equity capital investment, Wells Fargo is also offering access to a dedicated relationship team that can work with each MDI on financial, technological, and product development strategies to help each institution strengthen and grow.

    “The country’s MDIs are vital to minority communities, but over the last two decades, many have declined or have closed. The capital investment we are announcing is important, but it’s our relationship approach that will make the difference in their futures. We want to be a partner to these important institutions and, in turn, have a positive effect on local communities,” said William Daley, vice chairman of Public Affairs at Wells Fargo.

    Today’s announcement includes investments in the following institutions:

    • Carver State Bank in Savannah, Georgia
    • Citizens Trust Bank in Atlanta, Georgia
    • First Independence Bank in Detroit, Michigan
    • Liberty Bank in New Orleans, Louisiana
    • Unity National Bank in Houston, Texas

    These investments follow Wells Fargo’s Feb. 8, 2021, announcement regarding its investments in six African American MDIs and takes the Company’s total investment to 11 MDIs to date. In addition, Wells Fargo will be making its nationwide ATM network available for customers of these 11 MDIs to use without incurring fees.

    "Guided by our founding principles to promote financial stability and equality for all communities, Citizens Trust Bank is proud to partner with Wells Fargo in expanding these efforts. The partnership enhances our ability to deploy more capital in our markets and beyond. We appreciate Wells Fargo for its commitment and alliance in providing solutions to the very important challenge of addressing inequalities that disproportionately impact communities of color,” said Cynthia N. Day, President and CEO of Citizens Trust Bank.

    Wells Fargo’s financial commitments are in the form of critical equity capital, which is foundational to the MDIs’ ability to expand lending and deposit-taking capacity in their communities. The investments, primarily non-voting positions, are designed to enable the banks to maintain their MDI status. Wells Fargo is also supporting each MDI’s development through a banking relationship in the form of a single touchpoint coverage model that will help them access Wells Fargo’s expertise and pursue strategic priorities like entering new markets, expanding locations, designing new products, and hiring staff to support loan growth.

    External partners that assisted Wells Fargo include the National Bankers Association and Sullivan & Cromwell. External advisory committee members are Kim D. Saunders, president and CEO of NBA; Aron Betru, managing director of the Center for Financial Markets at Milken Institute; and John W. Rogers Jr., chairman, co-CEO, and CIO of Ariel Investments.

    Wells Fargo’s financial commitment announced today complements additional initiatives that aim to serve all of our customers and communities:

    • On March 30, 2021, Wells Fargo closed on a $5 million patient capital loan to Hope Enterprise Corporation (HOPE), a 501(c)(3) and a certified Community Development Financial Institution that is dedicated to strengthening communities, building assets, and improving lives in the Delta and other economically distressed areas of the Deep South. HOPE plans to use the funds as secondary capital for its credit union, providing financial services to underserved markets and people in the Deep South. Based in Jackson, Mississippi, HOPE serves Alabama, Arkansas, Louisiana, Mississippi, and Tennessee
    • On March 25, 2021, Wells Fargo was one of several U.S. banks and payment technology companies named as investors in Greenwood, the digital banking platform for Black and Latino individuals and business owners, as part of Greenwood’s $40 million of Series A funding. Greenwood is partnering with FDIC-insured banks to give customers the ability to spend and save securely and will feature best-in-class online banking services, innovative ways to support minority-owned banks, and give-back programs focused on Black and Latino causes and businesses.
    • Wells Fargo was one of the first banks to sign the Office of the Comptroller of the Currency’s Project REACh MDI Pledge, which encourages banks to develop meaningful partnerships with MDIs to help them remain a vibrant part of the economic landscape and better promote fair, equal, and full access to financial products and services in their communities.
    • The company’s Open for Business Fund donates all gross processing fees we received from the Paycheck Protection Program in 2020 — approximately $420 million — to nonprofits helping small businesses navigate the pandemic, with an emphasis on small businesses owned by Black, African American, and other small business owners of color.
    • The Wells Fargo Diverse Community Capital program is a $175 million program with Community Development Financial Institutions, or CDFIs, to provide capital and technical assistance for diverse small business owners in the U.S. Approximately 75% of awardees are led by leaders from underrepresented communities. The DCC program has enabled CDFIs to lend nearly $350 million to Black and African American small business owners across the country since the program launched in 2015, according to Opportunity Finance Network.
    • In the 10 years spanning 2009 to 2018, Wells Fargo was the No. 1 financier of home loans to African Americans and originated more mortgages to help Black home buyers purchase homes than the four other largest bank lenders combined.
    • In 2017, the company pledged to create 250,000 Black homeowners by 2027 through lending $60 billion for home purchases, increasing the diversity of the sales team, and supporting homebuyer education and counseling. In the first three years of the commitment, 60,527 African American homeowners have been created with $15.2 billion in financing.
    • Wells Fargo is donating $5.4 million in grants to 15 legal assistance organizations across the U.S. that work to keep people and families housed through services and advocacy efforts. This first-of-its-kind effort seeks to enable these nonprofit organizations to provide free or low-cost legal representation to people at risk of eviction. These organizations have track records of serving, on average, more than 60% people of color.

Contact Us:
Office: (302) 588-1342
info@philanthropydelaware.org

Address:
100 W. 10th Street, Suite 500
Wilmington, DE 19801

Copyright Philanthropy Delaware, Inc. 2017
Philanthropy Delaware, Inc. is a 501(c)3 nonprofit organization

Powered by Wild Apricot Membership Software