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Wells Fargo Regional Foundation and Wells Fargo Regional Community Development Corporation announced Friday that they will transfer their programmatic activities and $100 million in charitable assets to a new Regional Foundation LLC, which will be operated as a component of the Philadelphia Foundation. The Regional Foundation LLC will begin operations in the coming weeks. “There is no better time to have a bold, robust, and inspiring public-private partnership than now given the impact particularly that the pandemic has had on communities of color,” said Aldustus Jordan, national community co-head of the Wells Fargo Social Impact and Sustainability Group. “This partnership will provide resources directly to neighborhoods involving residents and thought leadership partnerships with key institutions to drive impact and change in communities.

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