Wells Fargo Awards $75,000 Grant to Universal Technical Institute Foundation
Phoenix, Ariz. – The Universal Technical Institute (UTI) Foundation announced today that Wells
Fargo has provided a $75,000 grant to establish the Wells Fargo Technical Scholarship Fund. The fund
will support 25 scholarships for students who are seeking degrees at Universal Technical Institute, Inc.
(NYSE: UTI). UTI is a provider of technical education for individuals pursuing careers as professional
automotive, collision repair, diesel, marine or motorcycle technicians.
“Wells Fargo believes every child and adult has the right to receive a quality education, and we are
committed to supporting education and job-training opportunities in our communities,” said Pam
Conboy, regional president for Wells Fargo Arizona Regional Banking. “In 2007, Wells Fargo
contributed $28 million to schools and educational programs across the country – including $1 million
to education in Arizona. We’re very pleased to continue that tradition and to support the UTI
Foundation with this grant. ”
“The scholarships created by the Wells Fargo grant will help deserving students get the technical
education they need to follow their passion and pursue successful careers,” said Veronica Meury, vice
president and executive director of UTI Foundation.
The UTI Foundation supports education, hands-on learning and the great need for qualified technicians.
U.S. Department of Labor statistics show that 773,000 automotive, marine, motorcycle and diesel
technicians were employed in the U.S. in 2006. This number is expected to increase by 14 percent by
2016, with an average of 43,600 new service tech jobs available annually. Since 1965, UTI has trained
some of the best and the brightest to fill these positions, and the UTI Foundation works with generous
donors like Wells Fargo to help ensure that financial aid is available to more students than ever.
Prospective UTI students who wish to attend any of UTI’s 10 campuses may apply for a $3,000
Wells Fargo Technical Scholarship. “When students cannot come up with the funding for school, they
lose their chance for an education before they even start,” added Meury. “A scholarship of $3,000
reduces the tuition gap, making it possible for even the neediest students to fulfill their educational
dreams.”
Application and criteria for the Wells Fargo Technical Scholarship Fund is available on the UTI
Foundation website at www.utifoundation.net.
About Wells Fargo
In Arizona, Wells Fargo has 14,000 team members and 262 stores. Wells Fargo & Company is a
diversified financial services company with $609 billion in assets, providing banking, insurance,
investments, mortgage and consumer finance through almost 6,000 stores and the internet
(wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the
only bank in the United States, and one of only two banks worldwide, to have the highest possible
credit rating from both Moody’s Investors Service, “Aaa,” and Standard & Poor’s Ratings Services,
“AAA.”
About UTI Foundation:
The UTI Foundation, a 501(c)(3) Arizona non-profit, is the umbrella organization for all Universal
Technical Institute, Inc. (NYSE: UTI) not-for-profit initiatives and is dedicated to raising funds to
further its mission and strategic goals. The UTI Foundation supports technical education for the
automotive, diesel, collision repair, motorcycle, marine and NASCAR industries through scholarships,
grants, career development and other special programs. For more information, visit
www.utifoundation.net.
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