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Wells Fargo Regional Foundation

PHILADELPHIA, PA EIN: 22-2625990 Website

Wells Fargo Regional Foundation is a private foundation based in Philadelphia, Pennsylvania, established in 1998. The foundation focuses on improving the quality of life for families living in low-income neighborhoods through neighborhood-based economic and community development initiatives.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

Revenue

-100.0% YoY

Net Investment Income

Expenses

-100.0% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission is to improve the lives of families living in low-income neighborhoods through neighborhood-based economic and community development. Primary funding areas include:

  • Economic and community development
  • Education
  • Human services
  • Philanthropy and voluntarism

Grantmaking

The foundation has awarded over 800 grants totaling more than $100 million since its establishment in 1998. Historical grant awards have ranged from $2,500 to $297,000.

Grant Range

$50,000–$125,000 for 12–18 month periods

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Geographic Focus

Where this funder awards grants

The foundation serves Pennsylvania, New Jersey, and Delaware.

Grant Distribution by State

4states

Cities

Asbury ParkBridgetonBryn MawrCamdenDeptfordDoverEastonEgg Harbor TownshipExtonLancasterLatrobeMilfordMillvilleMt LaurelNew BrunswickNewarkNewtownOrangePatersonPerth Amboy

Financial History

Multi-year comparison from IRS filings

According to the most recent available filings (2022), the foundation reported $0 in total assets, total giving, and expenses. This reflects the foundation's transition of assets and operations.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$3M$5M$8M$11M202020212022
Metric202220212020
Total Assets$100,935,836
Revenue$224,530$9,651,227
Expenses$133,991$6,220,426
Qualifying Distributions
Net Investment Income$9,318,273
Distributable Amount$1,860,594$4,303,622

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$3M$4M$6M54 grants20200 grants20210 grants2022

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2022

Grant Size Distribution

50 grants across all recorded years

12<$50K12$50–100K22$100–250K4$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

Pedro Ramos serves as President and CEO of the Philadelphia Foundation, which now oversees the Regional Foundation following the 2020 transition.

Compensation Overview

From 2022 IRS filing

From 2022 filing

NameTitleHoursCompensation
JOHN THURBERCHAIR OF BOARD1
KEVIN DOWVICE CHAIR OF BOARD1
DOUG DIMMIGPRESIDENT1
JOSEPH KIRKEXECUTIVE VICE PRESIDENT1
PEILIN CHENGOVERNANCE CHAIR1
SIDNEY HARGOPROGRAM AND PLANNING CHAIR1
ROBERT DURKINBOARD MEMBER1
JONATHAN ENCARNACIONBOARD MEMBER1
WANDA HARDYBOARD MEMBER1
CRAIG DRINKARDBOARD MEMBER1
CHRISTIAN WILLAUERBOARD MEMBER1

Recent News & Activity

Recent developments and announcements

2020

In December 2020, Wells Fargo Regional Foundation and Wells Fargo Regional Community Development Corporation announced the transfer of their programmatic activities and $100 million in charitable assets to a new Regional Foundation, LLC, which became a component of the Philadelphia Foundation. The new Regional Foundation operates as a public charity while retaining the original foundations' commitment to improving quality of life in low-income communities and their geographic focus on Pennsylvania, New Jersey, and Delaware.

Wells Fargo & Company: Wells Fargo Foundation Awards $3.2 Million in Grants

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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