Wells Fargo gave Washington University in St. Louis a $500,000 gift to go toward scholarships and internships for undergraduate business school students, Chancellor Mark Wrighton announced.
The bulk of the gift, $400,000, will fund annual scholarships, called Wells Fargo Scholars. Awards will be made to four to six promising sophomores through seniors whose academic studies align with the economic development priorities of the St. Louis Regional Chamber and Growth Association. Eligibility also will require maintaining a high grade-point average and preference will be given to students from underserved communities, the university said.
The remaining $100,000 of the gift is designated for five Wells Fargo Interns, summer internships for business students who demonstrate an interest in entrepreneurship and have completed their sophomore year.
The new interns will join the university’s existing Skandalaris Center Internship Program, which places 20 students in local commercial and social venture startups.
Wells Fargo Interns will be drawn from specific disciplines such as sustainable technology, multimodal supply chain management, financial and information systems, medical science and services, and advanced manufacturing and technology.
Wells Fargo Advisors previously funded a visiting professorship in entrepreneurship at the Skandalaris Center.
St. Louis-based Wells Fargo Advisors, led by President and CEO Daniel Ludeman, is the brokerage arm of San Francisco-based financial services firm Wells Fargo & Co. (NYSE: WFC) and one of the largest employers in St. Louis.
8/11/2010
Wells Fargo gives $500,000 to Washington University - St. Louis Business Journal
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