Allianz Life Awards $275,000 in Grants to Local Nonprofits Supporting Financial Literacy
August 2, 2016 by Allianz Life
MINNEAPOLIS–(BUSINESS WIRE)–
Allianz Life Insurance Company of North America (Allianz Life®) announced today that is has awarded $275,000 in financial literacy grants, ranging from $10,000 to $25,000, to 14 nonprofit organizations in the Twin Cities. Since 2010, the Allianz Life financial literacy grant program has distributed more than $1.6 million. Grant recipients will use the funds to educate and train consumers on topics such as budget counseling, personal finance and debt management.
“Making smart financial decisions creates a more secure future. The work these organizations do to help people develop financial literacy is invaluable to building a better community,” said Allianz Life President and CEO Walter White. “We are committed to helping them succeed.”
Grants were awarded to nonprofits that teach financial literacy in a variety of ways to people of all ages. This includes programs that offer coaching for low-income students making college admission and success possible; financial education to homeless and low-income populations; and credit counseling services to help families establish and maintain financial stability.
Grants were awarded to the following nonprofits:
- Boys and Girls Club of the Twin Cities – $20,000 to support their Money Matters program
- CLIMB Theatre, Inc. – $20,000 to support their play, Emma and the Allianz Cash Cow
- CLUES – $20,000 to support their Integrated Economic Vitality Services
- College Possible – $25,000 to support their financial literacy program
- EMERGE – $20,000 to support their financial coaching program
- FamilyMeans – $25,000 to support their consumer credit counseling services
- Lifetrack – $20,000 to support their financial literacy work within employment programs
- Lutheran Social Services – $15,000 to support their senior fraud prevention education project
- Minnesota Council on Economic Education – $20,000 to support their Community Mentorship for Financial Capability program
- People Serving People – $20,000 to support its financial fitness program
- Project for Pride in Living (PPL) – $20,000 to support their employment training and financial literacy education program
- Prepare + Prosper – $20,000 to support their financial capability program
- The Cookie Cart – $10,000 to support their financial education program
- Twin Cities RISE! – $20,000 to support their financial education program
For more information about Allianz Life’s community giving programs, visit Allianz Life Community Outreach.
About Allianz Life Insurance Company of North America
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2016, 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. In 2015, Allianz Life provided a total of $2.4 billion in benefit payments that supported policyholders’ financial objectives. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees in more than 70 countries 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.
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