MINNEAPOLIS--(BUSINESS WIRE)--With thousands of nonprofits located in the Twin Cities, choosing which organizations receive corporate dollars can be a challenging task. That’s why Allianz Life Insurance Company of North America (Allianz Life®) doesn’t do it alone; they solicit input from employees. The votes for 2018 are in: Allianz Life will donate $100,000 to four local charities including the American Cancer Society, Animal Humane Society, HopeKids, and Cystic Fibrosis Foundation – Minnesota Chapter. These organizations will each receive a donation of $25,000.
Over the past 16 years, Allianz Life has given more than $1.2 million to local charities through the Employee-Elected Charities program. The program gives employees a direct vote on where the company’s corporate giving dollars are distributed. To be nominated as an Employee-Elected Charity, 10 or more Allianz Life employees must have volunteered with the organization during the previous year. In addition to the monetary contribution, the company’s employees will volunteer time at one event held by each charity during the year.
Every year, Allianz Life provides each employee eight hours of paid time off to volunteer for the charity of their choice. In 2017, more than 1,500 employees contributed 16,080 volunteer hours, the equivalent of over $388,000 of in-kind donations.
About the 2018 Employee-Elected Charities
- American Cancer Society is dedicated to eliminating cancer through research, education, advocacy and service. Its mission focuses on helping people stay well and get well, by finding cures, and by fighting back.
- Animal Humane Society provides programs and services for animals to compassionately serve all stages of their life.
- HopeKids organizes events and activities that restore fun, excitement and hope for children facing debilitating health issues.
- Cystic Fibrosis Foundation – Minnesota Chapter works to cure cystic fibrosis and provide people dealing with the disease the opportunity to lead full lives. The nonprofit funds research and drug development, promotes individualized treatment and ensures access to high-quality care.
To see more ways Allianz Life employees give back, visit here.
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 2018 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 2017, Allianz Life provided a total of $2.7 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.