Allianz Life Awards $275,000 in Grants to Local Nonprofits Supporting Financial Literacy

Over Last Six Years, Financial Literacy Grant Support Totals $1.6
Million

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.

Contacts

Allianz Life Insurance Company of North America
Tessa
Dahlstrom, 763-765-7763
tessa.dahlstrom@allianzlife.com