Wells Fargo Regional Foundation
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
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
Cities
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.
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| 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
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2022
Grant Size Distribution
50 grants across all recorded years
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
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN THURBER | CHAIR OF BOARD | 1 | — |
| KEVIN DOW | VICE CHAIR OF BOARD | 1 | — |
| DOUG DIMMIG | PRESIDENT | 1 | — |
| JOSEPH KIRK | EXECUTIVE VICE PRESIDENT | 1 | — |
| PEILIN CHEN | GOVERNANCE CHAIR | 1 | — |
| SIDNEY HARGO | PROGRAM AND PLANNING CHAIR | 1 | — |
| ROBERT DURKIN | BOARD MEMBER | 1 | — |
| JONATHAN ENCARNACION | BOARD MEMBER | 1 | — |
| WANDA HARDY | BOARD MEMBER | 1 | — |
| CRAIG DRINKARD | BOARD MEMBER | 1 | — |
| CHRISTIAN WILLAUER | BOARD MEMBER | 1 | — |
Recent News & Activity
Recent developments and announcements
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 GrantsRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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