Wells Fargo has announced it will donate $250,000 to help with earthquake recovery efforts, according to a press release Wednesday.

The release also outlined where that money will go: 

- $185,000 will help start the Alaska Community Foundation (ACF) disaster fund. That money will address long-term recovery efforts. 

- $30,000 to the American Red Cross of Alaska for immediate recovery and people who need it.

- $30,000 to the Salvation Army for immediate recovery.

- $5,000 to the Foraker Group and will create a needs portal for ACF.

In the release, the ACF president and CEO Nina Kemppel said, "We are thrilled Wells Fargo has stepped up to help seed this important fund." 

The ACF was started in 1995, and according to their mission statement it has been working to "cultivate, celebrate and sustain all forms of philanthropy to strengthen Alaska communities forever."

The Eagle River branch of Wells Fargo is currently closed for repairs after being damaged in the Nov. 30 earthquake.

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