Foundation / Corporation
Wells Fargo - Minnesota Region
10/01/18 - Deadline for Workforce and Small Development, and Financial Education Focus Areas; Requests for Sponsorships are due the 1st Monday of every month.
Grants to Twin Cities Metropolitan Area, Minnesota nonprofit organizations, government agencies, and public schools to strengthen the economies of local communities. Program areas include financial education, small business development, and workforce development. Funding is also available to sponsor events that fall under these program categories.
Wells Fargo understand that being active corporate citizens is critical to the communities it serve and to its business. Funding priority is given to programs that are effectively addressing Minnesota’s economic racial disparity gap and low-income neighborhoods in three key areas:
1. Financial Education: Wells Fargo recognizes financial education as a core life skill and have developed HandsOnBanking.org, a free online individual/classroom curriculum for public use; Wells Fargo also offers several funding programs.
2. Small Business Development: Programs with proven outcomes of growing and expanding minority-owned small businesses and those that provide aspiring entrepreneurs with technical assistance, backroom business services, and/or access to capital.
3. Workforce Development:
a. Youth Career/Jobs Readiness Programs that provide students ages 16-26 with out-of-school employment experience, cross-cultural and professional soft skill development, technical training, and meaningful connections with employers and mentors.
b. Post-secondary education institutions who are leaders in their industry in enrolling, graduating and placing students of color in competitive jobs/careers may apply; funding must be for programs that directly support student transition from college to career.
c. Adult Employment – The primary support for adult employment is through Greater Twin Cities United Way; programs that do not receive United Way funding are eligible to apply for a project grant if they have proven outcomes of providing job training and job placement.
Additional Community Funding Strategies:
-Sponsorships (501c3)/Team Member Community Leadership – Wells Fargo is proud to support community events that team members are involved with and that align with the following Wells Fargo local and national priorities: Workforce Development, Small Business Development, Financial Education, Diversity & Inclusion, Veterans and Affordable Housing.
-Wells Fargo is proud to be one of the largest workplace corporate contributors to Greater Twin Cities United Way to help build and support a strong community. Wells Fargo also supports Affordable Housing initiatives through the Wells Fargo Housing Foundation and Education Institutions (preK through college) through Team Member Education Matching Grant Program.
￼Workforce & Small Business Development
Funding Use: Grants must be used for one-time, non-recurring expenses that will help expand and/or improve program services, increase agency efficiencies, or implement innovation.
-Marketing: website development, software, commercial printer, one-time agency print materials post rebranding
-Technology: data system, phone system, servers, software, staff computers
-Facility Renovation (does not include housing renovations)
-Program Equipment: computers, vehicles, furniture, training equipment
-Capacity Building: train the trainer, third-party evaluation, strategic planning, merger/acquisition
-Pilot Program Expenses: may be considered if there is broad-based support from other funders to help sustain it
-Financial Education Program Expenses: see “Financial Education”
-Capital Campaign Expenses: see “Capital Campaign”
Funding Use: Wells Fargo recognizes financial education as a core life skill and have developed HandsOnBanking.org a free online individual/classroom curriculum for public use. In addition, Wells Fargo provides funding for one-time expenses up to $5,000, such as curriculum development, outreach, program materials, and staff training/certification, to organizations that support financial education initiatives. Nonprofits that recognize financial education as a core life skill and would like to incorporate it into their existing program may apply for funding.
Wells Fargo also provides annual funding and volunteers to Junior Achievement of the Upper Midwest and BestPrep to support in classroom financial education learning throughout Minnesota.
Funding Use: New construction or facility renovation
Additional Program Requirements:
-Itemized breakdown of the campaign components and proposed/committed sources of income
-3-5 year income and expense projections to include a narrative of your assumptions
-Contingency plan(s) if campaign goal is not met
-An analysis of the impact that a new/expanded facility will have on the organization’s operating expenses; if an organization projects that operating expenses will increase, please include assumptions about the source/s of increased income that will be required
Funding Consideration: Priority is given to projects that have raised 50% or more of their capital campaign goal and/or near campaign completion; funding amount is based on the following three criteria:
-The degree of agency’s overall alignment with the MLC’s funding priorities
-Whether or not the agency has recently received a grant from the committee or another Wells Fargo grant program
-Campaign budget size
￼Wells Fargo Community Leadership Academy:
Application Deadline: The RFP announcement for this special initiative will be posted annually in March through the “Grant Alert” on Minnesota Council of Nonprofit’s website. The announcement will include information about the application deadline and a time sensitive invitation code. The invitation code must be entered into the online grant system when applying in order for an application to be considered.
Funding Use: Grants help expand and/or improve program services, increase agency efficiencies, or implement innovation.
Additional Program Requirements:
-Accepting grant applications from 501c3 organizations located in the Twin Cities, Duluth, Mankato, Rochester, and St. Cloud
-Grants must be for one-time non-recurring expenses
￼Sponsorships 501c3/Team Member Community Leadership:
Sponsorship level will be based on the following priorities:
-The degree of alignment with Wells Fargo’s local and national community priorities
-The breadth and depth of team member volunteerism and leadership
-The degree of preferred donor recognitions
Additional Program Requirements:
-Eligible applications must have Wells Fargo team member involvement. Please include in the online application section titled “Team Member Advocate” the name of the Wells Fargo team member who is actively involved with the organization and will be responsible for implementing all sponsorship benefits.
-In the section titled “Community Development” please include how the event aligns with local and national priorities and a summary of Wells Fargo’s volunteer involvement to include the total number of volunteers and their impact on the organization.
Important: Marketing sponsorships for non-501c3 and/or for business development are not eligible to apply through Wells Fargo’s charitable giving website. For consideration, you may apply through https://wellsfargosponsorships.com or contact your Wells Fargo business relationship manager.
GrantWatch ID#: 174045
Workforce & Small Business Development: The grant range is $15,000 to $30,000.
Financial Education: This program provides funding for one-time expenses up to $5,000.
Capital Campaigns: If your campaign is over $5 million the committee will consider up to 1% of your campaign goal up to $200,000 whichever is less. If your campaign goal is under $5 million the committee will consider 1%-3% of campaign goal up to $200,000 whichever is less.
Wells Fargo Community Leadership Academy: Grants are up to $12,000.
For Workforce and Small Business Development, no consecutive year or simultaneous funding will be made to a single agency.
Wells Fargo makes contributions to organizations with tax-exempt status under Section 501(c)(3) of the U.S. Internal Revenue Code, as well as qualified tribal and governmental agencies, including public school systems.
Applicants are advised to review the eligibility criteria for the program area for which they intend to apply.
Please note that Wells Fargo is unable to consider grants for the following:
-Start-up costs for new organizations
-Political action committees, candidates, causes, and lobbying
-Video or film production
-For-profit entities including start-up businesses
-Travel, including student trips
￼Workforce and Small Business Development deadlines: Feb. 1, April 1, June 1, Aug. 1, Oct. 1
￼Financial Education deadlines: Feb.1, April 1, June 1, Aug. 1, Oct. 1
￼Capital Campaigns deadline: July 1st for review in November
￼Wells Fargo Community Leadership Academy: The RFP announcement for this special initiative will be posted annually in March through the “Grant Alert” on Minnesota Council of Nonprofit’s website. The announcement will include information about the application deadline and a time sensitive invitation code. The invitation code must be entered into the online grant system when applying in order for an application to be considered.
The Sponsorship 501c3/Team Member Community Leadership deadline is the 1st Monday of every month. The application must be received at least 60 days prior to the event.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Apply for Workforce and Small Business Development:
Apply for Financial Education:
Apply for Capital Campaigns:
Apply for Sponsorships 501c3/Team Member Community Leadership:
MayKao Fredericks, Vice President
Wells Fargo – Minnesota Region
3030 Nicollet Ave, 2nd Floor
Minneapolis, MN 55408
USA: Minnesota: Anoka, Carver, Dakota, Hennepin, Ramsey, Washington, and Scott Counties