Since 2015, the company has worked with Military Warriors
Support Foundation and U.S. auto dealers to support combat wounded
veterans and Gold Star spouses
Wells Fargo & Company (NYSE: WFC) announced today that — in
collaboration with Military Warriors Support Foundation’s
Transportation4Heroes program and auto dealers across the U.S. — it
has supported $1 million in payment-free vehicle donations since
2015 to over 30 veterans and Gold Star spouses across the country.
As part of the effort, veterans also receive one year of family and
financial mentoring to help them develop the skills necessary to be
financially stable and successful. In addition to vehicle
donations, Wells Fargo has donated more than 350 homes (valued at
more than $55 million) since 2012 through the foundation’s
Homes4WoundedHeroes program.
“Buying a vehicle is one of the most expensive purchases most
people make,” said Laura Schupbach, head of Wells Fargo Auto. “For
veterans transitioning back to civilian life, fitting the cost of a
new vehicle into their budget can be difficult. Helping people
succeed financially is the backbone of Wells Fargo’s vision, so
we’re pleased that, beyond being able to provide reliable
transportation for veterans, we’re also supporting their journey to
financial stability and success.”
Through the program, vehicle recipients use the skills they
acquire during family and financial mentorship to pay down their
total debt. On average, graduates of the Transportation4Heroes
program reduce their total debt by nearly $10,100 and improve their
credit scores by approximately 58 points.
“Our Transportation4Heroes program is about more than awarding a
payment-free vehicle to combat wounded veterans,” said Andrea
Dellinger of the Military Warriors Support Foundation. “When
veterans leave the service and begin reintegrating into their
communities, our programs are there to ensure they have the
resources they need to be successful through family and financial
mentorship. We look forward to working with Wells Fargo in 2020 and
beyond to continue providing transportation to veterans and Gold
Star spouses across the country.”
For retired U.S. Marine Corps Sgt. Felix Garcia, it has meant
having a reliable vehicle and peace of mind. Garcia, of Sugarland,
Texas, received a Ford Expedition in 2017. He applied for the
program because his previous vehicle was old and would break down,
but he could not afford to purchase another. “I had debt that would
not have allowed me to be able to make the payments for a new
vehicle, and I was in need of one,” Garcia said.
For retired U.S. Army Sgt. Jeremy Voss, it has meant living
without debt. Voss, of West Des Moines, received a Kia Sorrento in
2017. Since receiving the vehicle, Voss’s family is now debt free.
“No student loans, no car loans, no mortgages,” Voss said. “We live
a debt-free lifestyle, which not very many people can say. The
program has reduced that burden to nothing, and we’re
thankful.”
For more about Garcia and Voss, read this article on Wells Fargo
Stories.
Dealerships across the United States have participated in the
program since its inception, including:
Larry H. Miller Auto Group – Peoria, Ariz. Bill Luke Chrysler
Jeep Dodge RAM – Phoenix, Ariz. Kuni Chevrolet Cadillac –
Sacramento, Calif. Chevrolet of Montebello – Montebello, Calif.
Magnussen's Toyota of Palo Alto – Palo Alto, Calif. Honda of
Pasadena – Pasadena, Calif. Toyota Marin – San Rafael, Calif.
Executive Auto Group – multiple locations, Conn. Billion Automotive
– multiple locations, Iowa Robert Brogden Buick GMC – Olathe, Kan.
Jones Junction – Pleasant Hills, Md. Luther Brookdale Mazda –
Brooklyn Park, Minn. Walser Automotive Group – Minneapolis, Minn.
Felix Sabates Ford Lincoln – Charlotte, N.C. Rick Hendrick City
Chevrolet – Charlotte, N.C. Jim Shorkey Auto Group – Irwin, Pa.
Five Star Automotive – Florence, S.C. Gullo Ford of Conroe –
Conroe, Texas Classic of Denton – Denton, Texas Rairdon Auto Group
– multiple locations, Wash.
Since 2010, Military Warriors Support Foundation has awarded
nearly 1,000 mortgage-free homes through its Homes4WoundedHeroes
program and has assisted combat wounded veterans, Gold Star spouses
and their families in paying off almost $21 million in debt through
family and financial mentorship.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,700 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 33 countries and territories to support customers who
conduct business in the global economy. With approximately 262,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 29 on
Fortune’s 2019 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at
Wells Fargo Stories.
About Military Warriors Support Foundation
Military Warriors Support Foundation is a 501(c)(3) non-profit
charity, founded by LTG. Leroy Sisco (Ret), in 2007. Their mission
is to provide support and programs that facilitate a smooth and
successful transition for our nation’s combat wounded heroes and
Gold Star families. Their programs focus on housing and
homeownership, recreational activities, transportation assistance
and leadership development. Through their programs, they award
mortgage-free homes and payment-free vehicles to combat wounded
heroes, Gold Star spouses and their families. In addition to the
home or vehicle, the families receive family and financial
mentoring. For more information, visit MilitaryWarriors.org.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191008005306/en/
Media Natalie Brown, Wells Fargo 775/ 689-6123
Natalie.M.Brown@wellsfargo.com @NatalieBrownWF
Ashley Clyne, Military Warriors Support Foundation 817/
320-6624 Ashley@militarywarriors.org @WarriorsSupport
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