East Lake Foundation Receives $20,000 Grant from Wells Fargo

The East Lake Foundation today announced it received a $20,000 contribution from Wells Fargo to fund the Resident and Community Support Program (RCSP) in The Villages of East Lake. The grant will provide residents with expanded employment readiness and financial education services.

“We are incredibly thankful for our long-term partnership with Wells Fargo for more than 20 years,” said Daniel Shoy, Jr., president of the East Lake Foundation. “With this important financial support, the Resident and Community Support Program at The Villages of East Lake will continue to provide employment and financial assistance to families and improve their overall economic stability.”

The East Lake Foundation offers residents in Atlanta’s East Lake community opportunities to build a better life through a three pillar model: cradle-to-college education, affordable mixed-income housing and community wellness initiatives. RCSP, one of the Foundation’s community wellness programs, provides economic stability education and support designed to help residents reach their career and financial goals.

“Our support of The East Lake Foundation is a powerful way for Wells Fargo to help create positive change in our community and we applaud the Foundation’s three pillar strategy,” said Mike Donnelly, Wells Fargo Atlanta Region President. “Empowering our neighbors to reach their fullest potential is central to who we are at Wells Fargo and this grant is one way we can contribute to that in Atlanta.”

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. In 2015, Wells Fargo donated $281.3 million to 16,300 nonprofits, ranking No. 3 on the Chronicle of Philanthropy’s rankings of the top corporate cash philanthropists. Wells Fargo team members volunteered 1.86 million hours in 2015, serving more than 40,000 nonprofits. Wells Fargo’s corporate social responsibility efforts are focused on three priorities: economic empowerment in underserved communities, environmental sustainability, and advancing diversity and social inclusion. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

 About The East Lake Foundation

Founded in 1995 by developer and philanthropist Tom Cousins, the East Lake Foundation collaborates with public and private organizations to provide tools that enable Atlanta’s East Lake residents to build a better future through its holistic model for community revitalization.

The East Lake model includes cradle-to-college education at Drew Charter School and its early learning partners, mixed-income housing at The Villages of East Lake and community wellness through programs including The First Tee® of East Lake, the Resident and Community Support Program, Start ME: East Lake, a micro-entrepreneurship program, and East Lake Healthy Connections. This approach to building a strong community not only helps break the intergenerational cycle of poverty, but also creates a place where people of all ages and incomes choose to live.

East Lake has become a national model for holistic community redevelopment across the country through Purpose Built Communities. For more information, please visit eastlakefoundation.org.


Wells Fargo Contact:  Crystal Drake, Vice President, Corporate Communications, (404) 214-3805, crystal.drake@wellsfargo.com, @crystaldrakeWF

East Lake Foundation Contact: Catherine Woodling, Director of Communications, (404) 974-4506, cwoodling@eastlakefoundation.org