Economy

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

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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