Employee Hardship Fund Lifts Family from Crisis
Massive flooding caused extensive damage to the Wells Fargo employee Barry Booker's home in Tennessee in May 2010. Assistance from the WE Care fund helped the Booker family rebuild their lives.
Wells Fargo team member Barry Booker and his family were enjoying a weekend at their home in Nashville when they noticed the rainwater outside beginning to quickly rise. Realizing they had little time to spare, the Bookers grabbed the few possessions they could carry, left their home and waded through hip-deep water to higher ground.
More than four feet of water engulfed the Booker’s home that day, as massive flooding devastated central Tennessee in early May 2010. When the Bookers returned to their home, they were overwhelmed by the potential cost of repairing the extensive damage and replacing their possessions, nearly all of which had been ruined by floodwater.
Booker’s manager at provided some much-needed hope when he told Booker about Wells Fargo’s WE Care Fund. Administered by Foundation For The Carolinas, WE Care is an employee hardship and disaster relief fund that provides a way for Wells Fargo team members to support each other during periods of severe financial crisis resulting from catastrophic events, such as natural disasters or medical emergencies.
WE Care was initially a flagship regional effort of Wachovia Corporation. Thanks to the program’s prior success and the Foundation’s longstanding relationship with Wachovia, Wells Fargo expanded the WE Care Fund to a national program in 2009 after the two banks merged. WE Care now serves the 278,000 Wells Fargo team member from coast to coast.
Booker, a relationship manager in Wells Fargo’s commercial group, received assistance from the WE Care Fund to aid with the rebuilding process. “The WE Care fund was a big help in our rebuilding effort,” said Booker. “To learn that this fund was an available resource was very encouraging.”
“We support our team members professionally and personally, as reflected in our company’s Vision and Values,” said Tim Hanlon, president of Wells Fargo Foundation. “The WE Care Fund supports our commitment to our team members and delivers a resource to allow our team members to support each other.”
In addition to Wells Fargo, Foundation For The Carolinas administers employee hardship and disaster relief programs for Boddie-Noell Enterprises, Family Dollar, Lance and other corporations. The Foundation provides a way for employers to outsource this type of corporate philanthropy by working directly with employees seeking aid, offering counsel, referrals and application assistance, as well as by providing expertise in complex IRS regulations.
For more information about employee hardship funds, contact Client Services at 704.973.4500 or email@example.com. For more information about the WE Care Fund, visit www.fftc.org/wecare.