Press Releases

June 21, 2016

Contacts:
Leilani Pimentel
Director of Communications & Strategic Initiatives
lpimentel@apiasf.org
202.715.0273

Wells Fargo Contributes $1 Million to Support Asian American & Pacific Islander Higher Education Attainment

Washington, D.C. (June 21, 2016) — The Asian & Pacific Islander American Scholarship Fund (APIASF), the nation's largest nonprofit provider of college scholarships for Asian American and Pacific Islander students (AAPI), announced today a renewed one-year, $1 million grant from Wells Fargo & Company (NYSE: WFC).

Wells Fargo presented the $1 million check at a June 16th reception culminating the seventh annual APIASF Higher Education Summit in Washington, D.C. As part of an ongoing partnership, this contribution will be used to provide scholarships and support services during the 2017-2018 academic year to accelerate the success of AAPI students.

"Wells Fargo recognizes that access to higher education can be one of the most critical life events for students and families, not just from a cost perspective, but because it can lead to a better and more fulfilling quality of life," said Gigi Dixon, Wells Fargo's Strategic Philanthropy and Partnerships senior vice president. "Students working toward their higher education goals should not be met with discouragement, they should be embraced by a community that reminds them of optimism and opportunity. Wells Fargo's partnership with APIASF represents a passion we have for America's youth and complements the resources available through Wells Fargo's Get College Ready and CollegeSTEPS campaigns, which help show students a pathway to academic and financial success."

Over the last two years, the Wells Fargo grant has supported the Jump Start College Tour series to provide money management and financial literacy sessions in ten cities across the nation – serving over 1,000 students and family members by helping them navigate the college planning landscape.

"APIASF is honored to continue our partnership with Wells Fargo to help increase the opportunities for underserved students to access higher education and build the skills needed to succeed after graduation," said Horikoshi. "Over the past thirteen years, our partnership has supported over one thousand students with a holistic range of programs that equip students with critical life-skills such as financial literacy. Our renewed collaboration will allow APIASF to increase the scale of our programs and serve even more students."

For details about APIASF's work to strengthen communities and its scholarship programs, visit APIASF's website at apiasf.org. The full list of the upcoming Jump Start College Tour locations will be available on APIASF's website later this summer. Free money management resources can be accessed at handsonbanking.org and wellsfargo.com/financial-education. Also, follow APIASF on Facebook (www.facebook.com/apiasf) and Twitter (www.twitter.com/apiasf).

About APIASF

Based in Washington, D.C., the Asian & Pacific Islander American Scholarship Fund (APIASF) is the nation's largest non-profit organization devoted to providing college scholarships for Asian Americans and Pacific Islanders (AAPI). APIASF works to create opportunities for students to access, complete, and succeed after post-secondary education; thereby developing future leaders who will excel in their career, serve as role models in their communities, and will ultimately contribute to a more vibrant America. Since 2003, APIASF has distributed over $100 million in scholarships to AAPI students. APIASF manages three scholarship programs: the APIASF General Scholarship, the APIASF Asian American and Native American Pacific Islander - Serving Institutions (AANAPISI) Scholarship, and the Gates Millennium Scholars/Asian Pacific Islander Americans funded by the Bill & Melinda Gates Foundation.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,800 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune's 2015 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.