SAN ANTONIO--(BUSINESS WIRE)--

Wells Fargo & Company (NYSE:WFC) today announced a total of $500,000 in donations for seven local nonprofits will help revitalize San Antonio neighborhoods through the Wells Fargo NeighborhoodLIFT^® program.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160916005110/en/

The local grant recipients were identified in collaboration with the City of San Antonio and Mayor Ivy Taylor. The Wells Fargo Foundation is providing grants to the following San Antonio nonprofits:

• Local Initiatives Support Corporation of San Antonio – $100,000 grant for its affordable housing programs
• San Antonio Foundation for Excellence in Education Inc. – $75,000 grant for its youth mentorship program
• San Antonio Housing Trust Foundation – $75,000 grant for the 2016 Mayor’s Housing Summit held Sept. 30
• Education Investment Foundation Inc. – $75,000 grant for its innovative ConnectHome program that is connecting families in HUD-assisted housing with access to the internet
• Family Service Association – $75,000 grant for its Financial Empowerment Center
• P16PLUS Council of Greater Bexar County Foundation – $50,000 grant for the My Brother’s Keeper youth development program
• San Antonio Public Library Foundation – $50,000 grant for establishing financial literacy programs in the city’s two newest libraries

The grants are funded through Wells Fargo’s NeighborhoodLIFT^® program that was launched in January 2015 for San Antonio homebuyers with a $6 million commitment by Wells Fargo to boost local homeownership and revitalize neighborhoods.

In San Antonio, the NeighborhoodLIFT program, created 278 homeowners by offering homebuyer education plus down payment assistance grants. Wells Fargo collaborated with the City of San Antonio, national nonprofit NeighborWorks America, and its local affiliate, Alamo Community Group, to implement the program.

“It was an honor and a pleasure to help identify great causes in San Antonio that will benefit from these investments by Wells Fargo,” said Mayor Ivy R. Taylor. “From the Mayor’s Housing Summit to My Brother’s Keeper San Antonio, each of the seven recipients is a cause that I believe in and I know these grants will make lives better for so many San Antonians. I salute Wells Fargo for their commitment to helping our neighborhoods and families.”

The Wells Fargo NeighborhoodLIFT local initiative grants for San Antonio will provide support for community revitalization, workforce development and youth programs.

“Wells Fargo cares about our communities and we are making these investments to continue the revitalization effort to strengthen San Antonio,” said Steve Arnold, Wells Fargo area president for San Antonio. “These nonprofits are actively leading efforts to help stabilize housing, create jobs and provide youth education programs, and we believe these grants with add up to make a big impact.”

About NeighborhoodLIFT

NeighborhoodLIFT^® program is the single largest corporate philanthropic effort of its kind in Wells Fargo’s history. Since February 2012, LIFT programs combined have helped create more than 12,000 homeowners in 46 communities. A video about LIFT programs is posted on Wells Fargo Stories.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160916005110/en/