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Allianz Life Contributes More Than $1.6 Million to Local Charities in 2011

)--Allianz Life Insurance Company of North America ( Allianz Life) contributed more than $1.6 million in 2011 to Twin Cities-based nonprofit organizations focused primarily on financial literacy and senior services. Company contributions were awarded through strategic relationships, a grant program, scholarships, and employee volunteer programs.

“We are proud to support the crucial work of many nonprofit organizations throughout the Twin Cities, through both financial contributions and volunteer efforts,” said Allianz Life President and CEO Walter White. “Allianz Life employees truly enjoy the opportunity to engage with these organizations. I see it in the camaraderie we have during events, our community spirit, and our ownership and pride in exceeding community giving goals.”

Allianz Life gave grants totaling $275,000 to nonprofits that focused their efforts on financial literacy education or training and/or retirement. The company also awarded $275,000 worth of grants to organizations that strive to improve the lives of Twin Cities’ seniors by providing services that enhance seniors’ quality of life.

Employee Engagement – Volunteerism Allianz Life provides every employee eight hours of paid time off annually to use to volunteer. In 2011, more than 500 employees took advantage of time off to volunteer in the community. “Throughout the organization there is a genuine commitment to volunteerism – this is the heart of Allianz Life,” White said. More than 3,400 hours were contributed equaling more than $73,000 in volunteer help to area nonprofits.

Driving To Donate Golf Tournament and Spirit of Giving Campaign More than 300 employees and vendors participated in the company’s annual Driving To Donate Charity Golf Tournament. More than 1,000 Allianz Life employees supported the event through purchasing the month of August as casual for $20 to support the effort. Allianz Life gave the event’s proceeds to the Alzheimer’s Association MN-ND, which ties to one of the company’s focus areas, senior services. In 2011, the event raised more than $136,000 for the Alzheimer’s Association MN-ND.

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