By Kristin Maffei
03 June 2022
Wells Fargo today announced the Wells Fargo Scholarship Fund for Diverse Businesses in collaboration with the Tuck School of Business at Dartmouth. The $100,000 program creates 24 scholarships for Tuck Diversity Business Programs, so that certified minority, women, veteran, LGBTQIA+, and disabled entrepreneurs will be able to attend one of Tuck’s programs. The company has been funding scholarships for Tuck Diversity Business Programs for almost a decade.
“We’re proud to continue our work with the Tuck Diversity Business Program,” said Priscilla Wallace, SVP and head of Supplier Diversity and Supply Chain Sustainability. “At Wells Fargo, we’re focused on growing diverse businesses by offering executive training, providing access to capital, and working with external organizations to broaden opportunities that will benefit diverse-owned businesses, which are so vital to our country’s economy.”
The $100,000 Wells Fargo Scholarship Fund program creates 24 scholarships for Tuck Diversity Business Programs, so that certified minority, women, veteran, LGBTQIA, and disabled entrepreneurs will be able to attend one of Tuck’s programs. Wells Fargo scholarships can be used for participants to attend either Building a Successful Diverse Business or Growing an Established Diverse Business during the 2022-2023 school year.
Tuck’s Diversity Business Program started in 1980 and is the country’s oldest program designed to develop diverse business owners at a graduate business school. Since its inception, thousands of business owners have participated in the programs. Wells Fargo has been funding scholarships for Tuck Diversity Business Programs for over a decade.
“The Tuck Diversity Business Programs team deeply values our relationship with Wells Fargo, since for almost a decade it has allowed us to bring our experience developing diverse businesses to even more entrepreneurs from communities from across the country,” said Emmanuel Ajavon, associate director of Tuck Diversity Business Programs.
How to Apply
Priority consideration for a Wells Fargo scholarship will go to current Wells Fargo diverse suppliers, and diverse business owners who sell goods and services that have the potential to become Wells Fargo suppliers.
Applicants to Building a Successful Diverse Business should have a minimum of three years of experience running a business and at least $250,000 in annual sales. Applicants to Growing an Established Diverse Business should have already attended Building a Successful Diverse Business or be able to demonstrate comparable experience and education.
Applicants who are interested in being considered for a Wells Fargo scholarship must complete the online application and enter “Wells Fargo Applicant” under “Sponsor Company (if applicable).”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
About Tuck Diversity Business Programs
The Tuck School of Business at Dartmouth was the first U.S. institution of higher education to offer executive programs dedicated to advancing the capabilities of underserved entrepreneurs and executives. Since setting the standard in 1980, Tuck has continuously honed its program, expanding and refining what is covered to create the maximum impact on the businesses of its attendees. For more information, please visit the Tuck DBP website.