Allianz Life Grants $1.5M to Twin Cities Nonprofits to Support Financial Security for All

30 organizations received investments to help reduce barriers to economic inclusion

MINNEAPOLIS – Dec. 21, 2023 – Allianz Life Insurance Company of North America (Allianz Life) has invested $1.5M in grants to local nonprofit organizations to increase equitable access to economic opportunities and resources.

Allianz Life provided charitable grants of $50,000 to 30 local organizations that ensure all people in the Twin Cities have access to basic needs, gainful employment, financial education, and protection from financial scams and abuses.

“At Allianz Life, we’re committed to supporting our neighbors by addressing barriers to economic inclusion, and helping secure the future of our community,” said Jasmine Jirele, president and CEO, Allianz Life. “These grants are an important way for us to give back and make a lasting impact in the Twin Cities for generations to come.”

Allianz Life supports organizations that provide basic needs to members of the community, including food, shelter and clothing, with a focus on creating stability and financial independence. The following organizations received a one-year grant focused on financial stability:

  1. Aeon
  2. Amherst H. Wilder Foundation
  3. CommonBond Communities
  4. Emma Norton Services
  5. Merrick Community Services
  6. Model Cities
  7. People Serving People
  8. Sabathani Community Center
  9. The Bridge For Youth
  10. The Food Group

Allianz Life also supports organizations that help members of the community be successful in the workforce, including through college preparedness, skills training, entrepreneurial support and access to capital investment. The following organizations received a one-year grant focused on financial sustainability:

  1. African Economic Development Solutions
  2. American Indian OIC
  3. CLUES
  4. College Possible Minnesota
  5. Hmong American Partnership
  6. Project for Pride in Living
  7. Rondo Land Trust
  8. Summit Academy OIC
  9. The Sanneh Foundation
  10. Ujamaa Place

“Allianz has been an essential partner for 17 years providing funding, volunteer opportunities, and strategic leadership. The continued support from Allianz and our community of partners enabled College Possible Minnesota to celebrate our 5,000th college graduate last spring, which translates to $5 billion in additional household income for those graduates,” said Isaiah Allen, senior director external relations, College Possible Minnesota.

Lastly, Allianz Life supports organizations that help ensure all community members have financial well-being, know how to prepare for their future and are protected from fraud and other financial abuse. The following organizations received a one-year grant focused on financial security:

  1. Association for Black Economic Power
  2. Better Business Bureau Foundation
  3. CAPI USA
  4. Emerge Community Development
  5. Hired
  6. Junior Achievement North
  7. Lutheran Social Services of Minnesota
  8. Minnesota Elder Justice Center
  9. Minnesota State Council on Economic Education (MCEE)
  10. Prepare + Prosper

“With the support of Allianz, LSS Financial Counseling trained front-line workers from anti-poverty and human service agencies in the tools and knowledge they need to provide low-to-moderate income individuals and families with high quality financial capability training,” Cherrish Holland, program director of partnerships & financial education, Lutheran Social Services Minnesota. “Trainees increased their knowledge of financial wellness topics and increased their confidence in teaching financial wellness to the individuals and families they support.”

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.

Learn more about Allianz Life’s community engagement program at www.allianzlife.com/community.

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, 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 2022, Allianz Life provided additional value to its policyholders via distributions of more than $7.7 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.