MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life®) announced in its annual Giving and Volunteerism Report that nearly 1,500 employees volunteered 15,500 hours, an increase of 2,500 hours compared to 2014. Together with corporate grants, vendor contributions and employee donations, the company impact totaled $1.9 million to make a difference in the lives of others.
Highlights of the company’s contributions include:
- Supporting financial literacy and senior services through $550,000 in corporate grants to 33 Twin-Cities nonprofit organizations.
- Raising more than $195,000 for the Alzheimer’s Association MN-ND Helpline through the Allianz Driving to Donate Golf Tournament.
- Collecting 24,090 pounds of food, 22,681 pounds of clothes, 3,684 toys (including 74 bicycles) and more than $100,000 in cash donations via the company’s year-round Spirit of Giving event—benefiting PRISM (People Responding In Social Ministry), Arc Greater Twin Cities, Toys for Tots and Second Harvest Heartland.
“We all benefit from a stronger community in which people have the resources and support to live more confidently,” said Allianz Life President and Chief Executive Officer Walter White. “I am grateful to the employees who contributed thousands of volunteer hours in 2015 with enthusiasm and dedication. They also supported our contributions of nearly $2 million in grants and donations to help those who need it most.”
Allianz Life’s 2016 Giving and Volunteerism Report is available on the company’s website and describes the corporate- and employee-driven giving and community programs that Allianz Life supports. Allianz Life encourages employees to get involved in volunteer activities—through hands-on work, fundraising walks or runs, and other activities. When groups of five or more volunteer together, Allianz Life backs their commitment with financial support. In 2015, 1,478 employees took advantage of this program and nearly $150,000 was donated to their chosen charities.
Other highlights from 2015 include:
- Reaching more than 6,500 students through Junior Achievement and BestPrep to advance youth financial literacy, as well as donating $100,000 to each organization.
- Awarding 10 post-secondary scholarships through the Allianz Legacy Scholarship Program which memorializes employees who have passed away.
About Allianz Life Insurance Company of North America
Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For in 2016, 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. In 2015, Allianz Life provided a total of $2.4 billion in benefit payments that supported policyholders’ financial objectives. 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 in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.
