Non-profits profit from Wells Fargo $6 million donation in Charlotte

Eric Frazier | Charlotte Observer

Wells Fargo officials stunned 15 recession-weary Charlotte nonprofits this morning with some welcome gifts: $6 million in checks aimed at helping them survive the downturn and push new projects forward.

�I almost did my good news dance,� said Mark Pierman, head of United Family Services, after learning his agency would receive $700,000. �It's just fabulous. I'm overwhelmed.�

Bank officials said they hope the money bolsters arts programming and critical services for the needy. They added that it also demonstrates the commitment San Francisco-based Wells Fargo feels to the Charlotte region.

Wells Fargo bought Charlotte-based Wachovia last year, and some nonprofits have expressed fears they'd receive less support with leaders from outside Charlotte calling the corporate shots.

Read the complete story at charlotteobserver.com

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