October 16, 2013
LOS ANGELES, CA – October 16, 2013 – The Hispanic Scholarship Fund, the nation’s largest non-profit supporting Hispanic-American higher education, announced today its new Groundbreaking Partnerships with Wells Fargo and Target. Each partnership is based on a critical donation to HSF, with a major portion of that commitment specifically earmarked to support HSF’s 2.0 technology build out.
The essential support from Wells Fargo and Target enabled HSF to build and release the first phase of the Fund’s HSF 2.0 project, September 1, 2013, and to continue into the next major phase of “the build.” HSF 2.0 delivers a state-of-the-art, interactive website that makes it easy for today’s students, parents, and donors, as well as HSF Scholars and Alumni, to get information, submit information, and complete various critical tasks online. “These two groundbreakers’ continued commitment to HSF 2.0 will allow us to further improve our all-important web application, our overall technology, processes and analytics and increase our capacity to serve our stakeholders, over time,” said Marcela Bailey, Chief Information and Marketing Officer at HSF. “The more useful our web application and overall capabilities become, the more funds we are able to raise and allocate to scholarships and services.”
“Wells Fargo has had a strong and enduring partnership with the Hispanic Scholarship Fund because it’s been such a powerful source of support for students in the Latino and Hispanic communities,” said Tim Hanlon, head of Philanthropy for Wells Fargo. “Education is critical to the lives of young people, and it’s the key to healthy, prosperous communities. That’s why organizations like the HSF are so important.”
“As a longtime partner of the Hispanic Scholarship Fund, Target is proud to support this innovative solution that leverages technology to improve education outcomes,” said Laysha Ward, president, Community Relations, Target. “This initiative underscores the importance of collaboration in providing all students with a quality education and a pathway to economic opportunity.”
Ms. Bailey indicated that these Groundbreaking Partnerships are intended to provide a bridge to a better future for the Hispanic community, through improved service to college-bound students and their families.
About the Hispanic Scholarship Fund
Founded in 1975, the Hispanic Scholarship Fund provides scholarships to Latino students, as well as related support services. HSF seeks to give students all the tools they need to apply to college, do well in their course work, graduate, enter a profession, excel, help lead our nation going forward, and mentor the generations to come. As the nation’s largest not-for-profit organization supporting Hispanic American higher education, HSF has awarded over $400 million in scholarships and provides a range of ancillary programs for students, scholars, and their families. HSF further strives to make college education a top priority for every Latino family across the nation and to mobilize our community to proactively advance that goal – each individual, over a lifetime, in every way he/she can. For more information about the Hispanic Scholarship Fund please visit: www.HSF.net.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 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 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 270,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2013 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. In 2012, the Company invested $315.8 million in grants to 19,500 nonprofits, and team members contributed more than 1.5 million volunteer hours around the country. For more information, please visit: www.wellsfargo.com/about/csr. Wells Fargo perspectives are also available at blogs.wellsfargo.com.
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,870 stores – 1,788 in the United States and 82 in Canada – and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week. For more information about Target’s commitment to corporate responsibility, visit target.ca/corporateresponsibility.