Wells Fargo Foundation

Location: 109 South 7th St., 4th Floor Mail Code N9312-043Minneapolis MN 55402

EIN: 41-1367441

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Phone: (612) 667-7860

Fax: (612) 667-8283

Website: www.wellsfargo.com/about/charitable

82%

18%

What was the overall relationship with the funder?

How many hours did the grant application process take?

8 hours

Median

58%

42%

How would you rate this funder's accessibility?

67%

33%

How successfully do you think the funder is accomplishing its current philanthropic goals?

Important Information

2017 Deadlines: See website for details

Types of Grants Awarded: Project, Capital, Sponsorship, Management/Technical Assistance, Other

Geographic Focus: Minnesota Statewide

Interests/Priorities

The Foundation’s current priorities in grantmaking are nonprofit organizations that improve economic development, human services, educational, artistic, cultural, civic and environmental programs. The Foundation places emphasis on programs and organizations whose chief purpose is to benefit low- and moderate-income individuals and families.

The Foundation provides funds through the following programs:
• Capital Campaign: Supports organizations and programs that are focused on employment and economic development for low-income individuals and neighborhoods.
• Employment and Economic Development: Supports programs serving the 7 county metro area. The Foun-dation’s priority is to fund one- time, non-recurring program costs in the areas of employment and economic development for low-income families and neighborhoods. They are particularly interested in programs address-ing employment issues for single-parent heads of households, people of color and the working poor.

Note: The Wells Fargo Community Funding Council selects a new annual funding focus during the first quarter of each year. The funding focus is announced each year during the first week of April through the Minnesota Council of Nonprofit’s “Grant Alert.”

Key Personnel

Senior Vice President: Carolyn Roby

Vice President: May Kao Fredericks

Financial Summary

For Fiscal Year 2015

Total Assets: $214,364,582

Total Grants: $226,902,237

Change in Assets FY 2015: -27%

Amount of Grants to Minnesota Nonprofits: 100%

Sample Grants to Minnesota Nonprofits in 2015

Largest Grant: $1,300,000

Smallest Grant: $50

Average Grant: $10,000

Top descriptors for this funder

5Friendly5Positive leader in the field4Responsive3"Gets" nonprofits and issues3Worth the time to pitch3Builds relationships2Bureaucratic2Culturally sensitive2Gives more than money2No contact person2Reasonable reporting terms1Doesn't "get" nonprofits and issues

Advice from a Friend

Wells Fargo Foundation

Nov 13, 2017

Reviewer 2126 - Grant Applicant - applied in 2017

Definitely appreciate their history of support and contributions to our organization. Getting to a contact person other than their reporting staff is something of a challenge.

Pros

Positive leader in the field, Responsive

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Oct 24, 2017

Reviewer 216 - Grant Applicant - applied in 2016

Recognize that you are dealing with a corporate foundation and their corporate objectives/timing are paramount.

Pros

Risk taker, Friendly, Responsive

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Oct 05, 2017

Grant Applicant - applied in 2017

They've been a little inconsistent in what they wanted us to do. We had to pull one application at their request and then submit another. That's pretty rare - you should know where the funder's head is before hitting the button.

Pros

Builds relationships

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Sep 14, 2017

Reviewer 293 - Grant Applicant - applied in 2017

Like with many corporate funders, so much depends on having a Board member who is an executive with Wells Fargo to get sufficient attention to have your request seriously considered.

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Sep 07, 2017

Reviewer 554 - Grant Applicant - applied in 2016

It is difficult to get funded even with a connection and as a past grantee.

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Aug 29, 2017

Grant Applicant - applied in 2017

Don't be afraid to ask questions. The feedback you get will be realistic, which lets you make a sound decision on whether to apply or not. We were turned down in the past. Was told a capital request was a long shot and still do a program request even though we had a capital request pending review. We got the capital with no employee involvement or bank connection.

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Aug 29, 2017

Reviewer 627 - Grant Applicant - applied in 2017

Our Program Officer really takes the time to understand our strategic vision. Grantees should be prepared to articulate their goals over the next few years. They actively encourage collaboration among grantees within their portfolio. Great support, great communicators and a key partner in our success.

Pros

Positive leader in the field, Gives more than money, Culturally sensitive, Insightful, Friendly, Builds relationships, Likes site visits, "Gets" nonprofits and issues, Openminded, Responsive

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Aug 22, 2017

Reviewer 215 - Grant Applicant - applied in 2016

Personal contact. Cultivate the relationship. Get representative to visit and tour your facility. What makes your organization special that WFF would want to fund you? How might you collaborate with Wells Fargo team members going forward?

Pros

Positive leader in the field, Gives more than money, Culturally sensitive, Friendly, "Gets" nonprofits and issues

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Aug 16, 2017 2

Grant Applicant - applied in 2015

We were basically told that unless we had someone from the bank on our board, we wouldn't get funded, even though we align with their funding criteria.

Cons

Bureaucratic

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Jul 24, 2017 1

Grant Applicant - applied in 2017

Wells Fargo Foundation application asks redundant questions, is bureaucratic, and doesn't offer a format for the nonprofit to express its mission how it accomplishes meeting that mission.
Even though we have been funded for three years in a row, we have had zero contact with an actual person at the Foundation.

Cons

Doesn't "get" nonprofits and issues, Bureaucratic

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Wells Fargo Foundation