Allianz Life Grants $500,000 in Support of Financial Sustainability in the Twin Cities

10 organizations that help people sustain financial success received investments.

MINNEAPOLIS – Oct. 24, 2022 – As part of its efforts to reduce barriers to economic inclusion in the Twin Cities community, Allianz Life Insurance Company of North America (Allianz Life) has granted $500,000 to 10 local organizations.

Allianz Life provides charitable grants to nonprofit organizations that focus on economic inclusion in three areas – financial stability, sustainability and security. The 10 organizations receiving $50,000 grants from Allianz Life help people sustain financial success through equitable access to resources and opportunities for gainful employment.

“Allianz Life is committed to creating a more equitable and financially secure Twin Cities,” said Jasmine Jirele, president and CEO, Allianz Life. “These organizations are helping members of the community be successful in the workforce, including through college preparedness, skills training, entrepreneurial support, and access to capital and investment. All of this leads to long-term financial security, helping improve the lives of many in our community.”

The following organizations received a one-year grant:

•            30,000 Feet

•            Asian Economic Development Association (AEDA)

•            Breakthrough Twin Cities

•            Comunidades Latinas Unidas En Servicio (CLUES)

•            Dress For Success Twin Cities

•            Genesys Works

•            Lunar Startups

•            Project for Pride In Living (PPL)

•            Rondo Community Land Trust

•            Summit Academy OIC

Allianz Life provides grants in the seven-county Twin Cities metro area with priority given to organizations that serve low- to moderate-income families, are led by and primarily serve people who are racially and/or ethnically diverse, have a mission rooted in equity, collaborate with other community organizations, and include some focus on the St. Paul Midway and adjacent communities.

 

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® and one of the Ethisphere World’s Most Ethical Companies®, has been keeping its promises since 1896 by helping Americans achieve their retirement income and protection goals with a variety of annuity and life insurance products. In 2021, Allianz Life provided additional value to its policyholders via distributions of more than $10.6 billion. As a leading provider of fixed index annuities, registered index-linked annuities and fixed index universal life insurance, Allianz Life is part of Allianz SE, a global leader in the financial services industry with approximately 150,000 employees in more than 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.