Wells Fargo Gives $100K to New Hospital

Announcement Information

Announcement

Wells Fargo check_large.Leyva

The Seton Fund has received a $100,000 donation from Wells Fargo to help fund construction of Dell Seton Medical Center at The University of Texas. The check presentation was part of a “topping out” celebration for Seton’s new teaching hospital that will open in spring 2017.

At the recent “topping out” celebration for the new hospital, pictured are (left to right) Christann Vasquez, president, Dell Seton Medical Center at UT and UMC Brackenridge; Jesús Garza, president and CEO, Seton Healthcare Family; Mark Curry, community banking president, Wells Fargo; Charley Scarborough, executive director, Dell Seton Medical Center at UT Capital Campaign; Pete Winstead, chair, Dell Seton Medical Center Capital Campaign Committee; and Helen Bow, Wells Fargo corporate communications.

“Wells Fargo is proud to support organizations working to strengthen communities by addressing vital community needs and issues, such as human services, education and community development,” Curry said.

Dell Seton Medical Center at UT, which broke ground in August 2014, will anchor a new downtown medical innovation district and serve as the primary training site for students at The University of Texas at Austin’s Dell Medical School. The new hospital, in partnership with the medical school and Central Health, Travis County’s health care district, will be part of a safety-net system that provides more doctors and specialized care locally and transforms health care delivery in Central Texas.

Seton is part of Ascension, the nation’s largest Catholic and largest non-profit health system. Ascension and Seton are investing $245 million to build Dell Seton Medical Center at UT, which is expected to cost $295 million.

The Seton Fund, with help from community leader fundraising volunteers, is spearheading the effort to raise the other $50 million from the community – one of the largest goals for a single, nongovernmental building campaign in Austin’s history.

“With this donation to help build the new teaching hospital, Wells Fargo has stepped forward as a champion for this community by supporting outstanding medical care for generations to come,” Scarborough said. “The Seton Fund is grateful for Wells Fargo’s generosity and vision for our community.”

Thanks to a generous matching challenge grant to the campaign by the Michael & Susan Dell Foundation, Wells Fargo’s $100,000 gift will be doubled to $200,000. Learn more about the capital campaign to build and equip Dell Seton Medical Center at UT.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available atWells Fargo Blogs and Wells Fargo Stories.