Twin Cities Financial Literacy Programs Receive $300,000 in Grants from Allianz Life

Funds benefit local nonprofits focused on financial education and empowerment in an effort to address the racial equity gap

MINNEAPOLIS – Oct. 14, 2020 – To help further financial literacy programs and address the racial equity gap in the Twin Cities, Allianz Life Insurance Company of North America (Allianz Life) announced today that it has given $300,000 in grants to 14 Twin Cities nonprofits. The grants range from $15,000 to $30,000 and support financial literacy programs that teach money management, provide asset-building initiatives, and offer financial resources for people of all ages and backgrounds.

“There is a significant need to address the issues of financial inclusion and financial security with the underserved populations in our community,” said Cecilia Stanton Adams, chief diversity and inclusion officer, Allianz Life. “These grants will help nonprofits continue the important work of educating members of the community about their finances, and will empower them to take charge of their financial future.”

Since 2010, Allianz Life has given over $2.7 million in grant money to organizations with strong financial literacy programs that support the community. Some of their initiatives include: money management coaching and counseling, financial and retirement planning, and credit counseling services for families to establish and maintain financial stability.

The following nonprofits received a 2020 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® and one of the Ethisphere 2020 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 2019, Allianz Life provided additional value to its policyholders via distributions of more than $10.4 billion. 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 147,000 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.