Customers, community demanding Wells Fargo cut ties to Murdock Trust
April 26, 2016
Tuesday, April 26 11:00AM
Wells Fargo VP linked to group behind North Carolina’s anti-LGBT law
Portland, OR: In reaction to recent news reports, (Willamette Week; Portland Business Journal) customers and community supporters are demanding Jeffery Grubb, a Wells Fargo top executive in Portland, cut ties with the Murdock Charitable Trust, located in Vancouver, WA.
The Murdock Trust is a major funder of anti-LGBT groups like the Alliance Defending Freedom, the Arizona group behind a recent wave of efforts to repeal LGBT discrimination protections in North Carolina and other states.
“We’re holding Wells Fargo accountable for looking the other way while Jeffery Grubb, one its high level executives, helps fund the very groups trying to repeal LGBT discrimination protections,” says Diana Pei Wu, Executive Director of Portland Jobs with Justice and Wells Fargo customer. “As customer, I think it’s a conflict of interest, and just plain unethical, to run marketing campaigns to bring in the money of LGBT customers like me while allowing one of your senior executives to work towards hurting our LGBT families and communities.”
Portland groups recently asked the Mayor and City Council to consider divesting from Wells Fargo.
Wells Fargo Executive Vice President by day, Jeffery Grubb is one of just three trustees for the billion-dollar Murdock Charitable Trust, one of Northwest’s largest charitable foundations.
The Murdock Trust sends millions to anti-LGBT groups including:
- Nearly $1 million to the Alliance Defending Freedom, the Arizona group behind North Carolina’s HB2and other anti-LGBT bills being pushed in state legislatures;
- Nearly $3.5 million to the Heritage Foundation. The Heritage Foundation’s Ryan Anderson campaigns against same sex marriagedespite the recent US Supreme Court decision affirming that right, and recently defended HB2; and
- More than $200,000 to the Portland Fellowship, an ex-gay Christian ministry in Oregon that has practiced gay conversion therapy and advocates for “freedom from homosexuality.”
Tuesday’s event is organized by the Northwest Accountability Project. The Northwest Accountability Project is a 501(c)(4) social welfare organization dedicated to educating the public on the issues that enhance the well-being of middle-class families and workers while shining a light on extremism and the moneyed special interests that attempt to bring an agenda of hate and division to Washington and Oregon. More info at www.nwaccountabilityproject.org