Wells Fargo & Company has announced a $3.3 million contribution to the Thurgood Marshall College Fund in support of capacity-building initiatives at historically black colleges and universities across the country.
Announced at TMCF's twenty-sixth annual awards gala, the gift — the largest corporate contribution ever received by the fund — will support capacity-building efforts at TMCF's forty-seven member schools, which together enroll nearly three hundred thousand students. The gala, which was hosted by rapper LL Cool J and raised a total of $4.1 million for the fund, concluded a scholar leadership development conference in Washington, D.C., for nearly five hundred students who attend historically black colleges and universities.
"Wells Fargo's newly expanded partnership with the Thurgood Marshall College Fund is a reflection of our longstanding commitment to the invaluable work it does in the community," said Tim Hanlon, head of Strategic Philanthropy and Partnerships for the bank. "No other organization has the potential to help so many students at the nation's forty-seven publicly-supported historically black colleges, universities, and law schools. One of our core company values is helping build strong communities, and education is the lifeblood of that strength."