Wells Fargo is doubling as a food bank this holiday season in a joint effort with local food banks to fight hunger.
Until the end of the year, approximately 5,900 Wells Fargo branches nationwide will serve as food donation centers, collecting nonperishable foods in specially marked bins as part of the Wells Fargo Holiday Food Bank.
“The stark reality is that one in seven Americans rely on a food bank over the holidays to help put food on the table,” said Mary Mack, head of Community Banking. “By bringing together our customers, our team members, nonprofits, and others, we’ll make it easier for everyone to enjoy holiday meals together.”
The hope is that, by working together this holiday season, Wells Fargo can help support the 41.2 million Americans the U.S. Department of Agriculture estimates are “food insecure” – meaning they can’t always obtain adequate nutrition.
“The holidays are about people coming together as family and friends to celebrate,” Mack said, “and sharing meals together and making memories around the table is a cherished part of that tradition.”
The holiday food banks add to Wells Fargo’s year-round philanthropic support of nonprofit organizations and volunteer efforts of the company’s more than 260,000 team members.
From Nov. 28 to Dec. 30 alone, Wells Fargo volunteers will support 41 food-related nonprofits — delivering meals, sorting food, and working to fight hunger in 14 states and the District of Columbia.
In 2016, Wells Fargo donated a total of $281.3 million to nonprofits, and team members volunteered 1.7 million volunteer hours to their favorite charities.
Wells Fargo’s holiday food bank support comes as annual giving declines nationally, and millions of families depend on food banks for nutrition. According to Indiana University and Purdue University’s Generosity for Life initiative to improve the world by improving giving, annual charitable support dropped from $1,011 per person in 2007 to $872 in 2015.
More than 15 million — or 12.3 percent — of all U.S. households were food insecure at some point in 2016, according to the U.S. Department of Agriculture’s annual study.
While the overall percent considered food insecure improved slightly from 2015 to 2016, the Pew Research Center found that the number facing severe poverty — defined by the U.S. Census Bureau as those with family or individual incomes below half of their poverty threshold — reached its highest point in at least 20 years in 2016.
Because of those trends, Wells Fargo conducted research in advance of the holiday food bank campaign. Its online survey of 1,000 adults ages 18 and up examined the motivators for giving, food versus money donations, and other factors involved in increasing food-bank support.
The survey revealed:
•83 percent are more likely to donate food this season if they could do it at a convenient location in their local community
•55 percent believe donating around the holidays is more important than other times of the year
•77 percent throw out non-perishable food they buy – which a food bank could use and people could benefit from.
•33 percent say they don’t have a convenient drop-off location for their charitable donations.
Visit wellsfargo.com/foodbank to learn how you can help make more meals possible for the hungry and #feeditforward this holiday season.