Allianz Life Grants $300,000 to Local Financial Literacy Programs

Funds support programs that offer financial and retirement education to underserved populations in the Twin Cities community

MINNEAPOLIS – July 19, 2021 – Allianz Life Insurance Company of North America (Allianz Life) announced today that is has renewed $300,000 in grants to Twin Cities non-profits focused on improving economic inclusion and security among underserved communities. The funds support financial literacy programs that teach money management, provide asset-building initiatives, and offer financial resources for people of all ages and backgrounds.

“These grants are an important way to close gaps in financial literacy, and to help secure the future of people who have traditionally received little financial education,” said Walter White, president and CEO, Allianz Life. “By working with partners in the community, we can help address these disparities, which contribute so significantly to other inequities in our community.”

The following nonprofits received a 2021 Financial Literacy Grant:

In addition, the company has also contributed $75,000 each to Junior Achievement of the Upper Midwest and BestPrep, two local organizations that provide business, entrepreneurial and financial literacy programs for students. As part of its Biz Town partnership, Junior Achievement of the Upper Midwest will receive another $25,000.

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 2020, Allianz Life provided additional value to its policyholders via distributions of more than $10.1 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 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.