"14th Street Union Square East Wells Fargo" by Tdorante10 / CC BY-SA 4.0

Two major banks pull support from Florida school voucher programs because of anti-LGBTQ policies

Feb 4, 2020

By Valerie Strauss

(Update: Comment from Wells Fargo; a third company withdraws support)

Two of the largest banks in the country are ending — at least temporarily — financial support for a Florida school voucher program after a newspaper investigation found that scores of participating schools have policies that discriminate against LGBTQ students.

A third company, Wyndham Destinations, also announced it would stop donating millions of dollars to support the voucher program, NBC and CNBC reported. Wyndham said late Thursday it had warned last year it would stop supporting the program if “concerns” were not addressed and had decided to do so after seeing no action, the company told the news organizations.

Earlier this week, Ohio-based Fifth Third Bank and California-based Wells Fargo said they would no longer donate money to organizations that administer the five programs in Florida that allow individuals and companies to donate money for student private/religious school scholarships in exchange for tax credits.

Continue reading by clicking the name of the source below.

Leave a Reply

View our comment policy.