Wells Fargo pledges $1.7M towards educating Philadelphia's most vulnerable communities

"It's really important that we have partnerships like this."

Hadas Kuznits
September 21, 2018 - 5:35 pm
Wells Fargo Education Grant

Hadas Kuznits | KYW Newsradio

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PHILADELPHIA (KYW Newsradio) -- Philadelphia school children will be the beneficiaries of a grant announced Friday at Cramp Elementary School in Kensington.

Officials from Wells Fargo were at the school to pledge $1.7 million towards education in Philadelphia.

"Read by 4th is one of the organizations that will be recipients of this money," said A.J. Jordan, senior VP of community relations with Wells Fargo, "but we also support organizations that provide after school programs and organizations that focus on college and career readiness."

School District of Philadelphia Superintendent Dr. William Hite says corporate partnerships that bring in money beyond what is budgeted by the state are necessary for the success of Philadelphia school children.

"These are monies that help us do things that can be done one time," Hite said. "This is not money that we budget against, but the fact remains that when you're educating the number of children we're educating with the circumstances from which many of those children come, it takes more resources than what's available."

Hite says Philadelphia has the biggest poverty numbers among large cities, so partnerships like this are a very important part in providing children with a quality education.