Wells Fargo Aims to Provide up to $60 Million to Concordance Anti-Recidivism Program
Concordance says re-entry program cuts reincarceration by
The new funding is "transformative," according to Concordance officials, in accelerating plans to open 40 new "healing first" centers nationwide over the next eight years. The program is expanding to
"Our evidence-based model breaks the generational cycle of crime, transforms communities, and changes racial equity for the better," said Danny Ludeman, chairman and CEO of Concordance. "It's a holistic program that provides a structured pathway for successful re-entry into society and lowers crime and reincarceration rates in the process."
According to the Prison Policy Initiative, more than one million people are held in state penitentiaries, including about
"Wells Fargo is committed to strengthening underserved communities and building a more inclusive economy," said Wells Fargo CEO Charles Scharf. "Concordance's mission of helping people build a new life and learn lasting financial skills aligns well with our desire to have a positive community impact."
Concordance's re-entry program is based on insights discovered after three years of research uncovering the root causes of repeat criminal offenders, which include consequences of a childhood traumatic event, substance abuse, mental health disorders, and low education and work skills. The 18-month program begins prior to release from prison and addresses the root causes of reincarceration through mental and behavioral health treatment, substance use treatment, education and job training, and more, with Wells Fargo's support bringing additional financial education and counseling.
"Our alliance with Concordance and Wells Fargo creates a ripple effect of reducing crime, restoring families, and cutting the strain on public resources," said David Steward, founder and chairman of World Wide Technology, the largest
World Wide Technology is providing technology and services needed at each new Concordance center as well as supporting job education and training.
About Concordance
Concordance is a CARF-accredited nonprofit that offers the country's first set of integrated, holistic, and evidence-informed services to individuals returning to society from prison. Founded in 2015 by Danny Ludeman, former CEO of Wells Fargo Advisors, Concordance has lowered the rate of reincarceration among its participants who have released from prison in the last three years by 56 percent. The nonprofit works with individuals in pre-release and post-release and assists them in three primary areas: behavioral health and wellness; education and employment; and community and life skills. Concordance is committed to healing individuals, reuniting families, transforming communities, achieving racial equity, and advancing the field of re-entry services. Headquartered in
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately
News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo
About World Wide Technology
World Wide Technology (WWT), a global technology solutions provider with
Media Contact
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SOURCE Concordance