The Wells Fargo Foundation recently awarded a $25,000 grant to Misericordia University for the 2018-19 academic year. The donation will support the Wells Fargo Foundation Scholarship Fund that benefits financially deserving and academically eligible undergraduate students at Misericordia.
The grant allows Misericordia University to grow the number of low- and moderate-income students who receive financial aid at a time when more families are finding it increasingly difficult to cover the cost of tuition. Overall, about 99 percent of full-time students at Misericordia University receive some form of financial aid to finance their college education.
To address the growing need for financial aid, Misericordia University seeks the support of new and traditional sources of scholarship funding such as the Wells Fargo Foundation. The Wells Fargo Foundation Scholarship Fund is a financial lifeline for many students as it helps them pursue their academic dreams and professional aspirations.
"Misericordia has a tradition of serving students of lesser economic means, many of whom are first-generation college students whose families want to provide them with a college education, but are dependent upon significant financial assistance,'' said Misericordia University President Thomas J. Botzman, Ph.D. "We are grateful for the continued support Wells Fargo provides for our students."
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 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 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune's 2016 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
The Wells Fargo Foundation awarded a $25,000 grant to Misericordia University for the 2018-19 academic year in support of the Wells Fargo Foundation Scholarship Fund. Participating in a ceremonial check presentation at Misericordia University, from left, are Sara E. Hogan, Back Mountain store manager, assistant vice president, Wells Fargo; Michael D. Kashnicki, senior business relationship manager, Wells Fargo; President Thomas J. Botzman, Ph.D., Misericordia University; Doug Iracki, senior business relationship manager, vice president, Wells Fargo, and Kevin Engelman, district manager, vice president, Wells Fargo.