Junior Achievement and BestPrep Among Recipients of $475,000 in Financial Literacy Grants From Allianz

Allianz Life Insurance Company announced its latest round of funding for financial education programs designed to assist individuals and families in becoming more empowered to manage their personal financial affairs. Nearly twenty organizations received the financial literacy awards based on a range of criteria established as part of the Allianz grant making process.

Junior Achievement and BestPrep each received $100,000, in addition to another $275,000 that was awarded, as part of a continuing alliance with Allianz that will run through 2016. Over 2,400 Allianz employees have served as financial education volunteers since the program began in 2010, engaging in a wide spectrum of initiatives, including JA in a Day, JA Finance Park, JA Biz Town, JA BIG Bowl, eMentors and the Financial Matters Initiative.

This year’s grant recipients include a longtime supporter of programs that aim to tackle elder financial abuse. Lutheran Social Services of Minnesota (LSS) will employ funds from the Allianz grant to develop a new financial literacy workshop that will be offered without a fee to senior citizens who live in independent living facilities. Such funding comes at a very important time in the financial education space, as the extent of financial abuse of elders is becoming more widely known.

The following is a list of organizations that were just awarded the 2014 financial literacy grants from Allianz:

AccountAbility Minnesota – supporting their financial services program
CLIMB Theater, Inc. – supporting their play, "Emma and the Allianz Cash Cow"
CLUES – supporting their financial empowerment services
College Possible – supporting their financial literacy curriculum
Emerge Community Development – supporting their North Minneapolis Financial Opportunity Center (FOC)
Family Means – supporting their Consumer Credit Counseling Services Education and Outreach
LifeTrack Resources – supporting their financial literacy program within their employment program
Lutheran Social Services of MN – supporting financial education workshops for Twin Cities senior citizens
Minnesota Adult and Teen Challenge – supporting their financial literacy program
Minnesota Community Action Partnership Association Resource Fund – supporting Twin Cities Metro Area Financial Education Initiative
Minnesota Council on Economic Education – supporting their Community Mentorship for Financial Capability program
Neighborhood Development Center – supporting their financial literacy as part of new Entrepreneur Training and Technical Assistance program
People Serving People – supporting their Financial Fitness program
Phyllis Wheatley Community Center, Inc. – supporting their financial literacy program
Project for Pride in Living (PPL) – supporting their employment training - financial literacy program
Twin Cities RISE! – supporting their financial education program within their employment programs
WomenVenture – supporting financial education within their entrepreneurship program

More information regarding the latest financial literacy funding can be found here.