Wells Fargo Awards $2 Million for Veterans Programs

San Francisco-based Wells Fargo & Company has announced a four-year, $2 million grant to Scholarship America to help veterans successfully reintegrate into civilian life.

The grant will support the development and implementation of a pair of programs designed to help veterans and the spouses of disabled veterans obtain education and training. The Wells Fargo Veterans Scholarship Program will award renewable $10,000 grants to honorably discharged veterans or spouses of disabled veterans who are high school graduates or have earned a GED. Scholarship amounts will be based on financial need and consideration of academic performance, work experience, leadership/community service, and applicants’ challenges with respect to completing a postsecondary program. Award renewals will increase by $1,000 over the previous year to encourage program participants to complete their education or training.

The bank also announced the Wells Fargo Veterans Emergency Grant Program, which will provide grants of $1,000 to veterans who are enrolled in postsecondary education and experiencing unexpected financial difficulties that might cause them to drop out of school. The one-time grants will be calibrated to the emergency need, which could include rent, utilities, daycare, or a medical expense.

"American veterans are important to the strength of our country and our company, which is why we want to make sure they are able to contribute their talents to our workforce," said Wells Fargo Military & Veteran program manager Jerry Quinn. "Our work with Scholarship America will help fill some of the financial gaps our veterans and their families face with scholarships and emergency aid that will help set them on a course to success."

"Wells Fargo Supports Veterans With $2 Million to Scholarship America." Wells Fargo & Company Press Release 01/04/2016.