The T.D. Jakes Foundation (TDJF) and Wells Fargo have announced a joint investment of $9 million in support of community development.

Part of a 10-year partnership launched in 2023, the grants were awarded to 16 community-based organizations across the United States to support the creation of financial wellness and innovation centers, help convert underutilized land into affordable homes, and drive impactful change for college students. Recipients will use the funds to further financial literacy in historically Black colleges and universities (HBCUs), build career centers and offices, support affordable housing projects, and cultivate top-tier careers for college students.

“To create transformational change, we need to collaborate simultaneously across the multitude of issues facing our communities,” said Wells Fargo head of philanthropy and community impact Darlene Goins. “With our philanthropic investment, Wells Fargo is aiming to expand the reach of the T.D. Jakes Foundation across housing, small business, and financial health to help tackle the complexities of the wealth gap.”

For a complete list of recipients, visit the T.D. Jakes Foundation press release.

(Photo credit: Getty Images/kate_sept2004)