Wells Fargo Donates $3 Million to United Negro College Fund

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The Los Angeles Wave
By:  Olu Alemoru
January 11, 2013

The United Negro College Fund (UNCF) has announced a $3 million donation from Wells Fargo to help more African-American students to attend and graduate college.

The financial services giant, which has $1.3 trillion in assets, presented UNCF with a check Jan. 10 in conjunction with the taping of the 34th edition of "UNCF An Evening of Stars," the fund's annual television special, which took place in Pasadena.

Wells Fargo will invest $1 million annually in UNCF during the next three years, providing financial aid to support more than 57,000 students attending historically Black colleges and universities HBCUs).

"UNCF is grateful for Wells Fargo's investment in better futures for African-American students," said UNCF President and CEO Michael L. Lomax. "By investing in the UNCF, Wells Fargo is making a major contribution to helping students earn college degrees and to making the case for the right of every student to a college-ready high school education."

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