Wells Fargo transferring $100 million in charitable assets to Philadelphia Foundation
Wells Fargo Regional Foundation and Wells Fargo Regional Community Development Corporation announced Friday that they will transfer their programmatic activities and $100 million in charitable assets to a new Regional Foundation LLC, which will be operated as a component of the Philadelphia Foundation. The Regional Foundation LLC will begin operations in the coming weeks. âThere is no better time to have a bold, robust, and inspiring public-private partnership than now given the impact particularly that the pandemic has had on communities of color,â said Aldustus Jordan, national co...
Source: phillytrib.com