55 Diversity, Equity, and Inclusion councils Every line of business and function has a Diversity, Equity, and Inclusion council aligned with and supporting our enterprise DE&I strategy, focusing on workforce and marketplace outcomes, including customers and suppliers, and advocacy outcomes such as external relationships, community outreach, and reputational efforts . The councils also collaborate closely with senior leadership, including the Operating Committee members and with our ERNs on priority initiatives . Supporting communities We have several external, diversity- focused initiatives focused on investing in communities, better serving our diverse customer base, and increasing supplier diversity . A few examples include the following: As of May 2021, Wells Fargo has made investments in a total of 13 Minority Depository Institutions (MDIs) and has fulfilled the bank’s March 2020 announcement to commit $50 million to Black-owned banks in communities across the country . As part of this equity capital investment, we also are offering access to a dedicated relationship team that can work with each MDI on financial, technological, and product development strategies to help strengthen each institution and support their growth . In May 2021, Wells Fargo awarded $1 million in grants to provide support for Asian American and Pacific Islander communities and small businesses in response to the COVID-19 pandemic and the recent increase in anti-Asian discrimination and violence . Funds provided for these organizations are in addition to our ongoing support for these communities through financial education, college scholarships, small business support, in-language services, and support of local and national Asian-focused nonprofit institutions and organizations . We work closely with Black and African American organizations and institutions that help support our customers, communities, and society, while advancing our mission to positively reflect, impact, and uplift Black families and voices . We collaborate with several longstanding U .S . organizations to advance the Black and African American community, such as the United Negro College Fund (UNCF), National Urban League, the Rainbow PUSH Coalition, the NAACP, the Thurgood Marshall College Fund, 100 Black Men of America, the National Council of Negro Women, and U .S . Black Chambers Inc . Wells Fargo continues to support organizations that serve Hispanic and Latino communities and future generations, providing economic opportunities and programmatic support to organizations such as the League of United Latin American Citizens, the National Association of Latino Elected and Appointed Officials, Hispanic Scholarship Fund, and many others . We’re a leading lender to minority-owned small businesses, and have strong national partnerships with the U .S . Hispanic Chamber of Commerce, UnidosUS, and Stanford Latino Entrepreneurship Institute (a collaboration between Stanford University and Latino Business Action Network) to encourage capacity building among minority-owned small businesses .