Financial Capacity Grantees Selected for Program with NALCAB and Wells Fargo

SAN ANTONIO, TX – With the generous support of the Wells Fargo Foundation, The National Association for Latino Community Asset Builders (NALCAB) has provided grants to twelve organizations in the amount of $45,000 to expand family financial capability programming across the NALCAB network. With this funding, NALCAB will quadruple the number of organizations it supports to provide community-based financial coaching and counseling for Latino and immigrant families. NALCAB member, Mission Economic Development Agency (MEDA) of San Francisco, California will be a technical assistance partner.

In addition to grant funding, NALCAB will provide customized technical assistance and will facilitate a community of practice among grantees to address needs identified in selected proposals and within the broader industry. This program of grant-making, technical assistance and training is intended to help integrate financial capability curricula and coaching into existing asset building programs.

“Wells Fargo is committed to helping people succeed financially, and we know that families who participate in financial coaching learn lessons that empower them for the rest of their lives,” said Mike Rizer, head of Community Relations for Wells Fargo. “NALCAB and its network of community partners has a proven track record of really being there on the journey to financial success so we’re excited to help significantly expand the number of communities that will benefit from their work.”

The selected subgrantees include:

1. Agriculture & Land-Based Training Association (Salinas, CA)

2. Azteca Economic Development and Preservation Corporation (Laredo, TX)

3. Building Skills Partnership (Los Angeles, CA)

4. Center for Community Self-Help (Durham, NC)

5. Chinese American Service League (Chicago, IL)

6. Comunidades Latinas Unidas En Servicio, Inc. (Minneapolis/St. Paul, MN)

7. Grow Brooklyn (Brooklyn, NY)

8. Hispanic Interest Coalition of Alabama (Birmingham, AL)

9. Homewise, Inc. (Santa Fe, NM)

10. Houston Area Women’s Center (Houston, TX)

11. Lawrence CommunityWorks (Lawrence, MA)

12. Merit (Oregon, OR)

 

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s 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, insurance, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. In 2017, Wells Fargo donated $286.5 million to 14,500 nonprofits and Wells Fargo team members volunteered a record 2 million hours. In 2018, Wells Fargo is ranked as the #2 corporate cash donor in the U.S., according to the Chronicle of Philanthropy. Wells Fargo’s corporate social responsibility efforts are focused on three strategic priorities: diversity and social inclusion, economic empowerment, and environmental sustainability. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.