Allianz Life Promotes Financial Literacy with $475,000 in Local Grants

  Allianz Life Promotes Financial Literacy with $475,000 in Local Grants

 Elder Financial Abuse among Topics Addressed by Twin Cities-based Nonprofits

Business Wire

MINNEAPOLIS -- August 12, 2013

Allianz Life Insurance Company of North America (Allianz Life) today awarded
$275,000 in financial literacy grants to 17 nonprofit organizations throughout
the Twin Cities area. Organizations providing financial literacy and
retirement planning education received grants ranging from $10,000-$25,000.
Among the 2013 grant recipients is a Minneapolis-based group that will hold
elder financial abuse workshops to train seniors about financial exploitation
of older adults.

In addition to the 2013 grants, BestPrep and Junior Achievement each received
$100,000 financial literacy grants as part of an ongoing strategic
partnership. The BestPrep and Junior Achievement financial literacy
partnership, which began in 2010, was recently extended to last through 2016.
In the initial three years of the program, more than 1,900 Allianz Life
employees volunteered by working with youth through these programs. Programs
implemented as part of the partnership include: JA in a Day; JA Weekly
Delivery; eMentors/Job Shadow; Financial Matters Initiative; The Stock Market
Game; JA Finance Park; JA Biz Town; JA BIG Bowl and Minnesota Business Venture
Resident Business Leaders.

“Financial literacy and education are more important than ever, particularly
when related to the protection of our seniors from financial abuse,” said
Allianz Life President and CEO Walter White. “Allianz Life is proud to
contribute financial support to these organizations through our grant and
partnership platforms.”

Financial Literacy Grants – Focus on Seniors

The Community Action Partnership of Suburban Hennepin County (CAPSH), a
first-time Allianz Life grant recipient, will use the grant money to support
their financial literacy workshops for seniors. These workshops will educate
seniors about the increasing problem of elder financial abuse and offer
guidance on steps they can take to protect their finances. With assistance
from the Allianz Life grant, CAPSH will hold six workshops between August,
2013 and June, 2014, with the majority being held during February – April, to
coincide with CAPSH’s free Tax Preparation Clinics.

“Elder financial abuse is a serious issue that needs immediate attention, so
we’re grateful that Allianz Life is helping us raise awareness and provide
resources seniors can use to safeguard their financial security,” said Marcy
Harris, director of Planning Development and Legal Services for CAPSH. CAPSH
will provide one-to-one counseling to seniors upon completion of the workshops
and as requested.“The short-term counseling provides us the opportunity to
work with seniors who may have been victims of a scam,” added Harris.

The 2013 Allianz Life financial literacy grants will reach 17 nonprofits that
provide financial literacy and retirement planning education in the Twin
Cities. Recipients include:

  *AccountAbility Minnesota – supporting their Deepening Financial Services
    for Tax Customers program
  *CLIMB Theater, Inc. – supporting their play, "Emma and the Allianz Cash
    Cow"
  *CLUES – supporting their Financial Empowerment services
  *Community Action Partnership of Suburban Hennepin County– supporting their
    Senior Services Financial Literacy Workshops
  *College Possible – supporting their financial literacy curriculum
  *Emerge Community Development – supporting their North Minneapolis
    Financial Opportunity Center (FOC)
  *LifeTrack Resources – supporting their financial literacy work with
    employment programs
  *MACC Alliance – supporting their Economic Opportunity Collaboration
    Training
  *Minnesota Adult and Teen Challenge – supporting their Financial Literacy
    program
  *Minnesota Council on Economic Education – supporting their Community
    Mentorship for Financial Capability program
  *Neighborhood Development Center – supporting their Financial Literacy as
    part of new Entrepreneur Training and Technical Assistance program
  *People Serving People – supporting their Financial Fitness program
  *Phyllis Wheatley Community Center, Inc. – supporting their Financial
    Literacy program
  *Project for Pride in Living (PPL) – supporting their Employment Training -
    Financial Coaching program
  *Twin Cities RISE! – supporting their Financial Education program.
  *WomenVenture – supporting financial education within their
    Entrepreneurship program
  *YouthCare – supporting their Multicultural Youth Employment program

For more information about Allianz Life’s community giving programs, visit
Allianz Life Community Outreach.

About Allianz Life

Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best
Companies to Work For in 2013, has been keeping its promises since 1896.
Today, it carries on that tradition, helping Americans achieve their
retirement income and protection goals with a variety of annuities and life
insurance products. As a leading provider of fixed index annuities, Allianz
Life is part of Allianz SE, a global leader in the financial services industry
with 142,000 employees worldwide. More than 78 million private and corporate
customers rely on Allianz knowledge, global reach, and capital strength to
help them make the most of financial opportunities.

Contact:

Allianz Life Insurance Company of North America
Sara Thurin Rollin, 763-765-6703
sarathurin.rollin@allianzlife.com
 
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