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 firstname.lastname@example.org
Allianz Life Promotes Financial Literacy with $475,000 in Local Grants
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