Wells Fargo grants $3 million to healthcare and crisis response. Included in its reaction to the continuing COVID-19 related humanitarian catastrophe in India, Wells Fargo & Company is devoting over $3 million through non-governmental organizations to improve hospital capacity, provide oxygen concentrators and crucial medical equipment, supply emergency transport, and encourage healthcare employees. Wells Fargo has many offices in India, and the firm has taken measures across the pandemic to help ensure the safety and health of its workers in India and internationally through distant work and improved advantages.
“It has been heartbreaking to see the catastrophic effect of the COVID-19 outbreak in India,” stated Bill Daley, Vice Chairman of Public Affairs. “Our priority will be to take care of our workers and local communities in India. These grants will help nonprofits quickly offer essential medical equipment and build capability when providing care for all those affected and support to healthcare professionals working to save lives”
The grants are in addition to $225 million in philanthropic gifts for COVID-19 relief which Wells Fargo has set up worldwide since 2020.
Grants will visit United Way agencies in Bengaluru, Hyderabad and Chennai; Nirmaan Organization; Akshay Patra Foundation; Mantra Social Services; and NASSCOM Foundation.
Funding will aim to:
- Supply mobile hospital annex components with 200 beds
- Deploy oxygen concentrators to hospitals
- Deliver COVID-19 isolation kits for individuals recovering at home
- Support ICU ambulances to assist transport patients to hospitals.
Since the start of the COVID-19 pandemic, Wells Fargo has continued to offer improved benefits and support to its own employees. Virtually all Wells Fargo workers in India are now working remotely, as well as the firm has been covering prices for COVID-19 vaccines and testing, in addition to offering improved medical insurance policy, COVID-19-related depart, and time off for vaccines.
“We thank all of our employees throughout the world, but particularly those in India and the Philippines right now, because they demonstrate an enormous amount of resiliency and courage in this tough period, while continuing to take care of one another, their communities, our enterprise and our clients,” stated Arindam Banerrji, managing director of India and the Philippines.