Wells Fargo Renews Support for Wake Tech with Major Gift

The Ripple Effect

October 9th, 2012





Donation Will Continue to Fund Entrepreneurship

RALEIGH, N.C. (October 8, 2012) Wells Fargo has announced a $250,000 donation to the Wake Tech Foundation’s major gifts campaign, called “The Ripple Effect.” The generous gift will fund the Wake Tech/Wells Fargo Center for Entrepreneurship, established in 2010 to offer resources for small business owners and would-be entrepreneurs. The gift affirms Wells Fargo’s continuing support of the center and of Wake Tech’s efforts to foster local enterprise and economic growth.

“Wells Fargo’s gift is extremely important to Wake Tech – and to the entire community,” says Wake Tech President Dr. Stephen Scott. “Their commitment to education and entrepreneurship affects individual lives and improves the quality of life for everyone in our region. We are truly grateful for their continuing support.”

“We are pleased to make this grant to the Wake Tech Foundation in support of the Wells Fargo Center for Entrepreneurship,” said Jack Clayton, regional president of Triangle East Community Banking for Wells Fargo. “This helps demonstrate Wells Fargo’s ongoing commitment to our local community. We believe that education is one of the most important investments we can make in our country's future. Wells Fargo is known as America’s community bank and we’re responsible for being leaders to promote the long-term economic prosperity and quality of life for everyone in our communities. If our communities prosper, we all prosper.”

The Wake Tech/Wells Fargo Center for Entrepreneurship offers scholarships for degree programs as well as continuing education courses, seminars and events, one-on-one counseling, a speaker series, and a virtual “colony” of entrepreneurs for sharing ideas online. The Entrepreneur Speaker Series is a quarterly program where successful entrepreneurs share stories about their business ventures.

The Wells Fargo donation will help the Ripple Effect major gifts campaign reach its working goal of $10 million. The Ripple Effect is a response to record-breaking enrollment at Wake Tech and increased demand for the many training programs and educational options the college offers. The campaign supports scholarships and mentoring initiatives for students, faculty and staff innovation, and technology to provide the most up-to-date training. Investors may make gifts in the form of cash, securities, personal property, and planned gifts of many types. To find out more, visit http://therippleeffectcampaign.org or contact vgparker@waketech.edu.

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