MINNEAPOLIS–(BUSINESS WIRE)–Allianz Life Insurance coverage Firm of North America (Allianz Life) introduced in the present day that it’s making $2 million in grants to nonprofits within the Twin Cities with the objective of serving to to handle inequities locally and convey about constructive change within the lives of at-risk members of the Twin Cities neighborhood, particularly individuals of colour (POC), seniors and youth. The corporate might be making two separate $1 million grants, the primary to handle racial inequity and the youth achievement hole and the second to handle senior fairness points locally.
“Allianz Life is committed to being an active and meaningful driver of systemic change in our community,” stated 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 primary grant is to take away obstacles and improve entry to instruments and sources that assist POC attain a sustainable lifestyle and a safe future. Funds will assist minority-owned entrepreneurs and companies in addition to meals shelf enlargement within the Halfway neighborhood of St. Paul. As well as, Allianz Life will companion with organizations that assist put together the subsequent era of youth to succeed in their full potential. Organizations receiving grants embody:
The intent of the senior companies grant is to handle long-term disparities in senior care and assist within the Twin Cities, and fight the dangers being confronted by seniors in our neighborhood. These are exacerbated by COVID-19 – significantly amongst various seniors. This system will deal with three vital dangers: combating social isolation, combating elder monetary abuse, and enhancing caregiver assist. Allianz Life might be working with seven organizations serving seniors within the Twin Cities. The organizations embody:
“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 coverage Firm of North America
Allianz Life Insurance coverage Firm of North America, one of many FORTUNE 100 Greatest Firms to Work For® and one of many Ethisphere 2020 World’s Most Moral Firms®, has been holding its guarantees since 1896 by serving to Individuals obtain their retirement earnings and safety objectives with quite a lot of annuity and life insurance coverage merchandise. In 2019, Allianz Life supplied extra value to its policyholders through distributions of greater than $10.four billion. As a number one supplier of fastened index annuities, Allianz Life is a part of Allianz SE, a worldwide chief within the monetary companies trade with over 147,000 workers in additional than 70 international locations. Allianz Life is a proud sponsor of Allianz Area in St. Paul, Minnesota, dwelling of Main League Soccer’s Minnesota United.