POINTS OF PRIDE

Contributions: In 2006, Wachovia . . .

• Contributed nearly $118 million to charitable organizations through company and foundation giving.
• Contributed $27 million through employee workplace giving campaigns and personal donations.
• Gave special grants totaling more than $268,000 to educational institutions and charitable organizations in recognition of employee volunteer service through our volunteer grants program.
• Provided more than $8.2 million to match employee gifts to educational institutions and charitable organizations.

Volunteerism: In 2006, Wachovia . . .

• Logged more than 710,000 hours of employee volunteer community service.
• Launched eight new chapters of WachoviaVolunteers!, the employee-driven organization that encourages and supports employee volunteerism. We now have 33 chapters around the company. One in four employees is a member of a WachoviaVolunteers! chapter.
• Supported employee volunteerism through our Time Away from Work for Community Service policy, giving all employees four hours per month—or six days per year—of paid time off to volunteer in their communities.

Education: In 2006, Wachovia . . .

• Involved employees in nearly 6,100 partnerships with local classrooms through the Reading First early childhood literacy program, donating more than 121,000 books to classroom libraries.
• Expanded support for the United Negro College Fund (UNCF) by pledging the first gift—$1 million—to the post-Hurricane Katrina "Wave of Hope" campaign. Proceeds from the campaign will rebuild colleges and replenish scholarships in the Gulf Coast.
• Was named a Founding Corporate Partner by Teach For America, which recruits top college graduates to teach for two years in schools in low-income rural and urban communities. For the fourth consecutive year, the Wachovia Championship contributed $1 million in proceeds to Teach For America.
• Continued its involvement with the Foundation for Investor Education's Stock Market Game Program, which teaches students investing basics by letting them create and track hypothetical portfolios online. The Wachovia Securities Stock Market Game, the only such effort to be sponsored by a corporation, encourages Financial Advisors to implement the game in local classrooms. Nearly 5,000 students participated in the Wachovia Securities program last year.

Community Development: In 2006, Wachovia . . .

• Provided $30 billion in community loans and investments to revitalize neighborhoods.
• Provided nearly $10.8 million in community development grants and in-kind donations.
• Provided more than $15 billion in small business loans to nearly 80,000 entrepreneurs building their businesses.
• Invested nearly $210 million in equity to create more than 1,700 affordable rental-housing units.
• Helped an average of 429 low-and moderate-income families and families in low-and moderate-income neighborhoods buy a home each week.
• Helped create nearly 1,850 jobs in low-income communities by lending $122 million to finance New Markets Tax Credit (NMTC) projects. Wachovia received a $143 million NMTC allocation in 2006, making us the third largest recipient and single largest bank recipient under this program.
• Trained more than 26,000 families and individuals in PC, Internet and money management skills through our financial literacy programs, Money Smart and eCommunitiesfirst®. Employee volunteers partnered with community groups to offer classes in English and Spanish.
• Launched Extra Credit,^SM a financial literacy lesson designed to teach advanced credit topics such as credit scores, debt management and credit repair.
• Worked with nearly 200 community mortgage partners to provide homeownership counseling and mortgages to more than 1,000 first-time homebuyers.
• Held an "Outstanding" rating from the Office of the Comptroller of the Currency for Community Reinvestment Act performance.

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