Wells Fargo Foundation
- Assets
- $19.9m
- Revenue
- $157.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/1980
- Data as of
- 12/2021
- EIN
- 41-1367441
Organization Overview
Wells Fargo Foundation is located in Minneapolis, MN. The organization was established in 1980. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wells Fargo Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wells Fargo Foundation generated $157.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $206.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Hurst Director & President | 0.5 | $0 | |
Mary T Mack Director | 0.5 | $0 | |
Saulus Van Beurden Director | 0.5 | $0 | |
Jeffrey Fink Vice President, Tax | 0.5 | $0 | |
Ashley Bennum Assistant Secretary | 0.5 | $0 | |
Molly Porter Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$99,980 |
| Capital Gain Net Income | $745,549 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,818,341 |
| Total Revenue | $157,727,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $33,340 |
| Contributions, gifts, grants paid | $206,811,348 |
| Total expenses and disbursements | $206,844,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,389,210 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,512,759 |
| Total assets | $19,901,969 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wells Fargo Foundation has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Northern Utah Ogden, UT PURPOSE: GENERAL OPERATIONS | $20,000 |
The Reitman Foundation Los Angeles, CA PURPOSE: PUBLIC SERVICES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wells Fargo Foundation Minneapolis, MN | $19,901,969 | $157,727,777 |
Mcknight Foundation Minneapolis, MN | $3,199,348,023 | $364,557,003 |
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
United Health Foundation Minnetonka, MN | $216,072,517 | $86,645 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Wisconsin Public Service Foundation Inc Green Bay, WI | $36,455,212 | $2,413,868 |
Stepping Stones Of Dunn County Inc Menomonie, WI | $1,791,074 | $2,010,388 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |