Wachovia Wells Fargo Donates $5,000 for Scholarships

The Wachovia Wells Fargo Foundation has given Cape Fear Community College (CFCC) $5,000 for scholarships in business programs. This donation will provide ten merit-based, partial tuition scholarships in the amount of $500 to students enrolled in one of CFCC’s business programs or to students with a pre-major in business administration, accounting, economics, finance, or marketing who plan to transfer to a four-year institution upon completion of the associates of arts degree at CFCC.

Funding for this project will help CFCC attract bright students who may not otherwise enroll or remain in college because of financial struggles. These scholarships will also help close the widening gap between the number of students with financial need and the number of scholarships available to students pursuing a career in business. The scholarships will be awarded to students from low to moderate income households.

“The Wachovia Wells Fargo Foundation has a strong focus on supporting education and we are proud to support this scholarship fund,” said Randy Tomsic, Wilmington Market President for Wachovia, a Wells Fargo Company.

“We know that the students of today are tomorrow’s future leaders.They’ll comprise our workforce and help define our economy. A college education helps ensure students receive the necessary skills and knowledge needed for success, both in business and life,” Tomsic said.

The Wachovia Wells Fargo Foundation is a private foundation that provides grants to eligible 501(c)(3) tax-exempt organizations to support the following focus areas: Education, Community Development, Health/Human Services, Arts/Culture, Civic and Environment. The mission of the Wachovia Wells Fargo Foundation is to build strong and vibrant communities, improve the quality of life, and make a positive difference. Before Wells Fargo and Wachovia merged, the foundation was named the Wachovia Foundation.