Allianz Life Grants $260,000 to Local Nonprofits that Support Financial Literacy

$1.8 Million in Financial Literacy Grants Awarded Since 2010

MINNEAPOLIS – July 31, 2017 – Allianz Life Insurance Company of North America (Allianz Life®) announced that it has awarded grants to 13 Twin-Cities nonprofits. The grants range from $10,000 to $25,000 and support financial literacy programs for the organizations. Over the last seven years, the Allianz Life grant program has distributed more than $1.8 million to organizations that teach money management, provide asset-building initiatives, and offer financial resources.

“The first step toward attaining financial security is gaining financial acumen, often through access to important resources that can help,” said Allianz Life President and CEO Walter White. “Allianz Life is pleased to provide funding to outstanding organizations that offer these resources to people throughout the community.”

Allianz Life awarded grants to nonprofits that support financial literacy for people of all ages. Programs include financial education for low income college-bound students and homeless populations as well as credit counseling services for families to establish and maintain financial stability.

The following nonprofits received a 2017 Financial Literacy Grant:

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® in 2019, 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 2018, Allianz Life provided $2.8 billion in benefit payments that helped policyholders’ achieve their financial goals. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with over 142,000 employees in more than 80 countries. Allianz Life is a proud sponsor of Allianz Field in St. Paul, Minnesota, home of Major League Soccer’s Minnesota United.