{"id":4764,"date":"2024-02-13T14:35:00","date_gmt":"2024-02-13T19:35:00","guid":{"rendered":"https:\/\/sfepd.org\/?p=4764"},"modified":"2024-02-13T14:52:06","modified_gmt":"2024-02-13T19:52:06","slug":"grant-funding-part-of-10-year-strategic-partnership-between-t-d-jakes-group-and-wells-fargo-to-promote-economic-advancement-nationwide","status":"publish","type":"post","link":"https:\/\/sfepd.org\/grant-funding-part-of-10-year-strategic-partnership-between-t-d-jakes-group-and-wells-fargo-to-promote-economic-advancement-nationwide\/","title":{"rendered":"Grant funding part of 10-year strategic partnership between T.D. Jakes Group and Wells Fargo to promote economic advancement nationwide"},"content":{"rendered":"\n
Grant funding part of 10-year strategic partnership between T.D. Jakes Group and Wells Fargo to promote economic advancement nationwide<\/em><\/h5>\n\n\n\n

<\/p>\n\n\n

\n
\"\"
T.D. Jakes Foundation<\/figcaption><\/figure><\/div>\n\n\n

<\/p>\n\n\n\n

DALLAS, Feb. 7, 2024 \/PRNewswire\/ —<\/strong> The T.D. Jakes Foundation (TDJF), in collaboration with Wells Fargo, are creating opportunities for historically underrepresented communities with a philanthropic investment of $9 million in grants to 16 community-based organizations across the United States. This funding is poised to support the creation of financial wellness and innovation centers, help organizations convert underutilized land into affordable homes, and drive impactful change for college students.<\/p>\n\n\n\n

In April 2023, T.D. Jakes Group and Wells Fargo announced a 10-year partnership that could result in up to $1 billion in capital and financing to support underserved communities across the United States.<\/p>\n\n\n\n

The philanthropy spans across diverse communities, including Black, Brown, and impoverished White populations. The alliance is a resounding commitment to narrowing divides and empowering marginalized communities with tools and resources for generational wealth. The grants are funded through a donor-advised fund managed at the Communities Foundation of Texas on behalf of T.D. Jakes Foundation and Wells Fargo.<\/p>\n\n\n\n

“This partnership allows both of our organizations to catalyze change in a myriad of sectors and to help craft better lives for those benefiting from the work of the T.D Jakes Foundation and other community organizations funded by the partnership. While our work is just beginning with Wells Fargo, this is a continuation of our organization’s commitment to providing financial literacy, career development opportunities and financial resources for underserved students and communities,” said T.D. Jakes, CEO of T.D. Jakes Group. “Disruption is the only solution to systemic inequality. Partnerships with impactful and relevant organizations enable us to provide even more opportunities to transform historically marginalized groups and areas across the entire nation.” <\/p>\n\n\n\n

“To create transformational change, we need to collaborate simultaneously across the multitude of issues facing our communities,” said Darlene Goins, head of philanthropy and community impact at Wells Fargo. “With our philanthropic investment, Wells Fargo is aiming to expand the reach of the T.D. Jakes Foundation across housing, small business, and financial health to help tackle the complexities of the wealth gap.”<\/p>\n\n\n\n

The 16 community-based organizations represent a combined effort to strengthen the economic, entrepreneurial and cultural infrastructure across America.  These grant recipients will use the funds to further financial literacy in Historical Black Colleges and Universities (HBCUs), build career centers and offices, support affordable housing projects and cultivate top-tier careers for college students. <\/p>\n\n\n\n

Organizations receiving grants include: <\/p>\n\n\n\n