Allianz Life Gives $2 Million in Grants to Twin Cities Nonprofits

Funds Will Help Address Issues of Systemic Equity and Inclusion Exacerbated By The Recent Crisis In The Twin Cities and the COVID-19 Pandemic

MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life) announced today that it is making $2 million in grants to nonprofits in the Twin Cities with the goal of helping to address inequities in the community and bring about positive change in the lives of at-risk members of the Twin Cities community, specifically people of color (POC), seniors and youth. The company will be making two separate $1 million grants, the first to address racial inequity and the youth achievement gap and the second to address senior equity issues in the community.

“Allianz Life is committed to being an active and meaningful driver of systemic change in our community,” said Walter White, president and CEO of Allianz Life. “We recognize there is a critical need, now more than ever, in the Twin Cities community to address systemic equity and inclusion. These grants will help create lasting and meaningful ways to bring about positive change from both a short- and long-term perspective.”

The intent of the first grant is to remove barriers and increase access to tools and resources that help POC attain a sustainable standard of living and a secure future. Funds will support minority-owned entrepreneurs and businesses as well as food shelf expansion in the Midway neighborhood of St. Paul. In addition, Allianz Life will partner with organizations that help prepare the next generation of youth to reach their full potential. Organizations receiving grants include:

• Black Women's Wealth Alliance
• College Possible Minnesota
• Genesys Works
• Keystone Community Services
• Neighbors United Funding Collaborative
• Neighborhood Development Center
• Partnership for a Connected Minnesota
• Summit Academy OIC
• We Love St. Paul

The intent of the senior services grant is to address long-term disparities in senior care and support in the Twin Cities, and combat the risks being faced by seniors in our community. These are exacerbated by COVID-19 – particularly among diverse seniors. The program will focus on three critical risks: combating social isolation, fighting elder financial abuse, and enhancing caregiver support. Allianz Life will be working with seven organizations serving seniors in the Twin Cities. The organizations include:

• Alzheimer’s Association MN-ND
• Better Business Bureau
• Help At Your Door
• Little Brothers Friends of the Elderly
• Metro Meals on Wheels
• Minnesota Elder Justice Center
• Senior Community Services

“The Allianz Life mission is We Secure Your Future, and this extends to our community,” added White. “With this commitment, we are helping ensure all members of our community have the opportunity to secure their future, regardless of race, age, or economic situation.”

About Allianz Life Insurance Company of North America

Allianz Life Insurance Company of North America, one of the FORTUNE 100 Best Companies to Work For® and one of the Ethisphere 2020 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 2019, Allianz Life provided additional value to its policyholders via distributions of more than $10.4 billion. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with over 147,000 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.