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CSUN's Tax-Help Program Gets Assist from Wells Fargo

June 2, 2021

CSUN's Tax-Help Program Gets Assist from Wells Fargo by Katherine Tangalakis-Lippert, San Fernando Valley Business Journal

Wells Fargo has again donated $50,000 to California State University - Northridge’s Volunteer Income Tax Assistance Clinic, the university has announced.

For each of the last four years, the bank has awarded the university $50,000 to support the clinic at the David Nazarian College of Business and Economics and provide free financial education and coaching to low-income taxpayers.

“This year, Wells Fargo Bank's investment in the CSUN VITA Clinic has enabled us to launch and expand the virtual tax preparation services to members of our community during these challenging times,” accounting professor and the director of CSUN’s VITA Clinic, Rafi Efrat, said in a statement. “We are fortunate to be able to partner with Wells Fargo Bank in providing free tax preparation services and financial coaching to those in need in our community.”

The bank’s donation will support CSUN’s VITA Clinic in launching a virtual platform to scale up free tax preparation services to low-income taxpayers in Los Angeles County. Eligible taxpayers will also be able to receive free one-on-one financial coaching services from certified student financial coaches, supported by the financial gift.

“We are pleased that Wells Fargo can continue support of this impactful local initiative that assists so many of our community members, while additionally providing hands-on training to CSUN students,” Jack Olree, Wells Fargo’s vice president of social impact and sustainability, said in the statement.