Allianz Life Awards $275,000 in Grants to Promote Financial Literacy

Recipients Include Community Programs for Children, Teens, and Seniors

MINNEAPOLIS--(BUSINESS WIRE)-- Allianz Life Insurance Company of North America (Allianz Life®) has awarded $275,000 in financial literacy grants to 17 nonprofit organizations in the Twin Cities. Each grant was between $5,000 and $20,000, and continued the support Allianz Life has provided these organizations in the past. The recipients are using the funds to educate consumers on retirement, financial abuse, and personal finance.

Among the recipients are organizations helping low-income students go to college, families to become more resilient, adults and teens to emerge from addiction, and women to become entrepreneurs. Some of the approaches to building financial literacy are traditional, while other groups take a unique approach to the topic. For example, a theatre group presents a whimsical take on personal finance for first- through fourth-graders with a talking cow and enterprising chickens.

“These organizations are finding new and creative ways to reach many different audiences with important information about how to build a more secure financial future,” said Allianz Life President and CEO Walter White. “Allianz Life supports their efforts to educate young people and seniors, in particular, because these groups may be vulnerable to financial exploitation.”

Allianz Life also maintains a strategic partnership with Junior Achievement and BestPrep to drive financial literacy in youth. This partnership, running through 2016, provides the organizations annually with $100,000 each and the time of hundreds of Allianz Life employee volunteers.

Grants were awarded to the following 17 nonprofits:

• CLIMB Theatre, Inc. – $15,000 to support its play, "Emma and the Allianz Cash Cow"
• College Possible – $15,000 to support its financial literacy curriculum
• Comunidades Latinas Unidas en Servicio (CLUES) – $15,000 to support its Financial Empowerment program
• Emerge Community Development – $20,000 to support its North Minneapolis Financial Opportunity Center
• FamilyMeans – $15,000 to support its Consumer Credit Counseling Services Education and Outreach
• Lifetrack Resources – $20,000 to support financial literacy within its employment program
• Lutheran Social Services of MN – $15,000 to support financial education workshops for Twin Cities senior citizens
• Minnesota Adult and Teen Challenge – $5,000 to support its financial literacy program
• Minnesota Community Action Partnership Association Resource Fund – $15,000 to support its Twin Cities Metro Area Financial Education Initiative
• Minnesota Council on Economic Education – $20,000 to support its Community Mentorship for Financial Capability program
• Neighborhood Development Center – $15,000 to support financial literacy as part of its new Entrepreneur Training and Technical Assistance program
• People Serving People – $20,000 to support its Financial Fitness program
• Phyllis Wheatley Community Center, Inc. – $15,000 to support its financial literacy program
• Prepare + Prosper (formerly AccountAbility) – $20,000 to support its financial services program
• Project for Pride in Living (PPL) – $20,000 to support its Employment Training – Financial Literacy program
• Twin Cities RISE! – $15,000 to support financial education within its employment programs
• WomenVenture – $15,000 to support financial education within its entrepreneurship program

For more information about Allianz Life’s community giving programs, visit Allianz Life Community Outreach.

Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2015, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 147,000 employees worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150730005284/en/

Allianz Life Insurance Company of North America
Sara Thurin Rollin, 763-765-6703
[email protected]

Source: Allianz Life Insurance Company of North America

You May Also Be Interested In

• PSEG Declares Regular Quarterly Dividend for the Second Quarter of 2024
• Aspen Ideas Festival Announces Inspiring Leaders and Thinkers for 20th Year Celebrating Bright Minds for Dark Times
• Federal Prosecutors Ordered to Unseal FBI Warrants Related to L.A. City Attorney's Office and DWP Corruption says Consumer Watchdog