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Wells Fargo Donates $1 Million to The First Tee®

04/27/2015
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Becomes national Trustee, supporting the participants and programs of The First Tee across the country

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo (NYSE:WFC) today announced a $1 million donation over the next five years to The First Tee, becoming a Trustee of the youth development organization that builds character through the game of golf for children at 175 local chapters across the U.S.

As a Trustee, Wells Fargo’s gift of $1 million will allow The First Tee home office to support its growing network by providing strategic direction and continued education, enhanced curriculum and training, operational standards and national participant opportunities.

Building on Wells Fargo’s long history of local support of The First Tee and several years of hosting the company’s Succeeding Together SM community program, today’s announcement takes the relationship to the national level, celebrating the important work of The First Tee and the impact it has on the lives of tens of thousands of youth every day.

“Wells Fargo is committed to improving the lives of children by maintaining an active role in our local communities and working together with organizations like The First Tee,” said Jamie Moldafsky, Wells Fargo Chief Marketing Officer. “As a Trustee, Wells Fargo can now help further support the organization, its participants and volunteers – recognizing that little by little, we can join together to make a huge difference in the lives of so many kids.”

As part of this commitment, Wells Fargo’s national Succeeding Together program will continue to celebrate the huge impact The First Tee has on young people across the country by offering opportunities for participants to meet and engage with PGA TOUR professionals. Through these interactions, participants gain a new perspective on how the life lessons they learn from The First Tee can help them succeed in the future.

“The First Tee is providing young people the opportunity to learn life skills and build character to help them be successful in school and in life,” said Joe Louis Barrow, Jr., chief executive officer of The First Tee. “Wells Fargo’s support as a Trustee will help us advance our mission and positively impact more young people.”

The First Tee Trustees represent individuals, corporations and foundations that donate gifts of $1 million or more. Wells Fargo’s gift of $1 million will allow The First Tee to invest in ongoing research to understand and enrich its programs, as well as to provide training for coaches and physical education teachers across the country.

About Wells Fargo & Company

Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.7 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 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

About The First Tee ®

The First Tee (www.thefirsttee.org) is a 501(c)(3) nonprofit youth development organization whose mission is to impact the lives of young people by providing educational programs that build character, instill life-enhancing values and promote healthy choices through the game of golf. With its home office at World Golf Village in St. Augustine, Fla., The First Tee reaches young people on golf courses, in elementary schools and at other youth-serving locations.

Since its inception in 1997, The First Tee has introduced the game of golf and its values to more than 10.5 million young people in all 50 United States and select international locations. The First Tee’s Founding Partners are LPGA, the Masters Tournament, PGA of America, PGA TOUR and the USGA. Shell Oil Company is The First Tee’s Founding Corporate Partner and Johnson & Johnson is its Legacy Partner. Former President George W. Bush serves as honorary chair.

To learn more about The First Tee, please visit:
www.thefirsttee.org
www.facebook.com/thefirsttee
www.twitter.com/thefirsttee
blog.thefirsttee.org

Wells Fargo & Company
Matt Wadley, 704-654-2479
matthew.l.wadley@wellsfargo.com

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